香港第一金：假期归来，黄金再创历史新高！

Group 1 - The core viewpoint is that gold prices are maintaining strength at historical high levels, driven by geopolitical tensions and market expectations regarding the Federal Reserve's interest rate policies [3][4][6]. - The recent geopolitical tensions, such as the U.S. blockade on Venezuelan oil tankers, have increased gold's appeal as a safe-haven asset [3]. - Market sentiment is bolstered by expectations that the Federal Reserve will further cut interest rates in 2026, contributing to a weaker dollar and supporting gold prices [4]. Group 2 - Structural demand for gold from global central banks and inflows into gold ETFs provide long-term support for gold prices [5]. - However, there is a potential risk of a "phase-out" of the Fed's easing expectations in early 2026, which could negatively impact gold prices [6]. - The Shanghai Gold Exchange has issued a notice regarding recent market instability and price volatility, advising investors to enhance risk management and control their positions [7]. Group 3 - Current high price range for gold is identified as $4500 - $4530, with a recent peak at $4530 [8]. - The first support level is noted at $4480 - $4500, which is a psychological barrier recently breached [9]. - A critical support zone is identified at $4430 - $4450; a drop below this range could trigger significant technical declines [10]. Group 4 - Investors are advised to avoid chasing prices above $4500 and to wait for a potential price correction for better entry points [11]. - Aggressive investors may consider entering positions in the $4480 - $4500 range with a stop loss of 10, targeting $4518 - $4550 [12]. - Conservative investors may look to enter in the $4430 - $4450 range with similar stop loss and target strategies [12].