1223黄金点评：年末沪金再破千点，关注地缘冲突进展

Core Viewpoint - The article discusses the recent surge in gold prices driven by market speculation regarding the Federal Reserve's interest rate policies and geopolitical tensions affecting oil supply [2][6]. Summary by Relevant Sections Gold Market - COMEX gold prices rose significantly, closing at $4480.6 per ounce, an increase of 2.13%. The domestic SHFE gold night market also saw gains, closing at 1003.08 yuan per gram, up 1.60% [2][6]. Federal Reserve Outlook - There is a notable division among Federal Reserve officials regarding the potential for interest rate cuts in the coming year. The Director of the National Economic Council, Hassett, indicated that there is substantial room for rate cuts, while Fed official Goolsbee expressed concerns about preemptive cuts given the positive inflation data from November [2][6]. - Despite a generally pessimistic outlook on the Fed's future rate-cutting capacity, discussions around the selection of the next Fed Chair and the pace of rate cuts and balance sheet expansion are ongoing. The market remains cautiously optimistic due to concerns over financial market liquidity and weak employment [2][6]. - President Trump is expected to appoint a new Fed Chair in the first week of January, which may influence the independence of the Fed and subsequently support gold prices by suppressing the dollar index [2][6]. Geopolitical Factors - Recent geopolitical tensions have heightened market concerns regarding oil supply. The U.S. has intercepted Venezuelan oil tankers three times in two weeks, and Israel is preparing for new actions against Iran. Additionally, Ukrainian drones have targeted Russian ports in the Black Sea, further escalating risks [2][6]. - These geopolitical developments have contributed to increased market risk aversion, which in turn supports gold prices. However, there is a cautionary note regarding the potential for a market correction if gold prices rise too quickly [2][6].