金价，明年有望再涨这么多？！

Core Viewpoint - The World Gold Council (WGC) predicts that gold will perform strongly in 2025, potentially reaching new historical highs, with prices expected to rise by 15% to 30% in 2026 due to geopolitical and economic uncertainties, a weakening dollar, and strong upward price momentum [3]. Group 1: Market Performance - As of December 4, spot gold rose by 0.16% to $4209.74 per ounce, while COMEX gold futures increased by 0.15% to $4238.40 per ounce, showing a V-shaped reversal throughout the day [1]. - The WGC report indicates that gold prices may continue to be influenced by ongoing geopolitical economic uncertainties, with potential for moderate price increases if economic growth slows and interest rates decline [3]. Group 2: Investment Demand - The WGC emphasizes that investment demand, particularly through gold ETFs, will play a crucial role in driving the market, offsetting weak demand from the jewelry and technology sectors [5]. - Global gold ETFs saw a net inflow of $77 billion and an increase of over 700 tons by the end of November, indicating significant growth potential compared to previous bull market cycles [5]. Group 3: Central Bank Demand - Central bank demand remains a key driver of gold price trends, with strong purchasing activity expected to continue [4]. - The report highlights that if U.S. economic policies lead to stronger-than-expected growth, inflation pressures may rise, potentially impacting gold's attractiveness as an investment [3].