金价，爆了！原因找到了

Group 1 - The core viewpoint of the articles highlights the significant rise in international gold and silver prices, driven by increased market risk aversion, rising gold ETF holdings, and optimistic expectations regarding potential interest rate cuts by the Federal Reserve [1][2][4] - Gold prices reached a historic high, surpassing $4500 per ounce, while silver prices also hit a record, exceeding $72 per ounce [1][2] - The COMEX gold futures for February have increased over 70% this year, while March silver futures have surged approximately 137%, nearly double the increase of gold [4] Group 2 - The rise in gold and silver prices is attributed to heightened investor risk aversion, making precious metals one of the best-performing asset classes this year [2][4] - A significant factor driving this surge is the expectation of two potential interest rate cuts by the Federal Reserve in 2026, which would compress yields on cash-like assets, thereby enhancing the appeal of physical assets like gold and silver [4][6] - Central banks, particularly in emerging markets, are actively purchasing gold to diversify their foreign exchange reserves and reduce reliance on dollar-denominated assets, while also seeking to enhance asset safety amid rising global uncertainties [6][7]