地缘风险升级，避险情绪蔓延，黄金再获上涨动能

Core Viewpoint - The article highlights the rising gold prices due to escalating trade tensions, increased market risk aversion, and geopolitical factors, with gold reaching a historical high of approximately $4548 per ounce [1] Group 1: Market Reactions - As of the close of A-shares, COMEX gold futures traded around $4548 per ounce, reflecting a strong upward trend in gold prices [1] - The gold ETF Huaxia (518850) increased by 0.79%, while the gold stock ETF (159562) rose by 2.19%, and the non-ferrous metals ETF (516650) surged by 3.92% [1] Group 2: Geopolitical Factors - On December 26, President Trump announced military actions by U.S. forces in Nigeria aimed at addressing threats to local Christian communities from extremist groups [1] - The military action specifically targets extremist personnel in northwestern Nigeria, with Trump emphasizing severe consequences for attacks on specific religious groups [1] Group 3: Economic Analysis - According to a report from China International Capital Corporation (CICC), gold prices recently surpassed $4500 per ounce, driven by three main factors: the Federal Reserve's resumption of easing policies, declining credibility of the U.S. dollar, and escalating global geopolitical risks [1] - The article notes that gold's safe-haven attributes make it particularly beneficial during times of heightened geopolitical risk [1]