金饰价格一夜涨36元！现货黄金年内涨幅已超70%，2026年什么趋势？

Core Viewpoint - The spot gold market has experienced a significant upward trend since 2023, with an increase of over 70% by December 23, 2025, highlighting its renewed importance as a strategic asset in global financial systems [2][8]. Group 1: Current Market Performance - As of December 23, 2025, spot gold reached a new high of $4,480 per ounce, with an intraday peak of $4,486.684 per ounce [2][7]. - Domestic gold futures in China also surged, surpassing 1,000 yuan per gram, with a peak of 1,016.86 yuan per gram and a daily increase of over 2% [2][7]. Group 2: Jewelry Pricing - In the domestic jewelry market, the price of Chow Sang Sang's gold jewelry rose to 1,403 yuan per gram, an increase of 36 yuan from the previous day [8]. - Lao Miao's gold jewelry was priced at 1,402 yuan per gram, up 35 yuan from the previous day [8]. Group 3: Future Price Trends - Short-term factors such as geopolitical disturbances and expectations of U.S. interest rate cuts are expected to support precious metal prices, leading to a trend of rising prices with limited downside [3][8]. - In the medium to long term, strong demand from central bank gold purchases, industrial silver consumption, and continued inflows into ETFs are anticipated to create a persistent supply-demand gap, supporting an upward trend in precious metals [3][8]. Group 4: Market Dynamics and Challenges - The gold market is entering a new phase characterized by multiple interwoven forces and dynamic balance, with ongoing geopolitical uncertainties and a potentially weak dollar providing support for gold prices [5][10]. - However, factors such as the possibility of global economic recovery, changes in interest rate cycles, and potential rebounds in the dollar may exert pressure on gold prices [5][10].