黄金白银刷新历史新高，铂钯跟涨

Core Viewpoint - The precious metals market is experiencing a significant surge, with gold, silver, platinum, and palladium all reaching new historical highs, driven by a combination of macroeconomic factors, monetary policy expectations, and geopolitical uncertainties [1][3][4]. Group 1: Market Performance - As of December 22, gold reached a record high of $4420.07 per ounce, surpassing the previous high of $4381.48 on October 20 [1]. - Silver also hit a new peak, crossing the $69 per ounce mark, with an intraday high of $69.45 [1]. - Platinum and palladium showed strong performance, with platinum rising to $2074.10 per ounce, marking a more than 4% increase and the first time it has surpassed $2000 since 2008, while palladium reached $1796.5 per ounce, also with a daily increase exceeding 4% [3]. Group 2: Market Drivers - The comprehensive rise in precious metals is attributed to a consensus on multiple driving factors, including expectations of the Federal Reserve initiating a rate cut cycle, ongoing central bank gold purchases, and geopolitical uncertainties contributing to a long-term risk premium for precious metals [3][4]. - The current macroeconomic environment supports precious metal prices, with the expectation of high volatility and a potential for significant price corrections due to market sentiment [5]. Group 3: Investment Strategies - Investors are advised to approach the current market with caution, recognizing that while the macro environment is favorable, core prices are at historical highs, necessitating a careful assessment of risk tolerance [5]. - The recommended strategy for ordinary investors is to view precious metals as a long-term defensive asset rather than a short-term speculative tool, suggesting methods like dollar-cost averaging into gold or gold ETFs to gradually build positions [5].