高盛力挺黄金为首选 央行购金或推金价破4900美元

Core Viewpoint - Goldman Sachs predicts that gold will be the best investment in commodities for the coming year, with a potential price breakthrough of $4,900 if private investors follow central banks in diversifying their portfolios [2] Group 1: Market Analysis - As of December 29, the latest spot price for London gold is $4,504.24 per ounce, down $28.25 from the previous trading day, marking a decline of 0.62%. The daily price range reached a high of $4,548.92 and a low of $4,471.99 [1] - The current technical indicators for London gold show a mixed market sentiment, with a strong mid-term trend but short-term volatility due to profit-taking and reduced market liquidity at year-end [4] Group 2: Price Forecast - Price predictions indicate a potential decline to $4,200 in Q1 2026, followed by a recovery above $4,400 in Q2, reaching a new high of $4,630 in Q3, and ending the year at $4,900 [3] Group 3: Support and Resistance Levels - Key support levels include the psychological barrier at $4,500, the range of $4,480-$4,485, and the critical zone of $4,450-$4,470, which is seen as a lifeline for bulls [5] - Resistance levels are identified at the $4,520-$4,530 range, the $4,550 mark, and the historical high zone of $4,580-$4,600, which presents significant psychological pressure [6] Group 4: Investment Trends - The report highlights two major trends: macro-level competition for geopolitical and technological dominance, and micro-level energy supply dynamics starting in 2025, which will drive investment decisions [2] - Central bank demand is crucial, with an average monthly gold purchase of 70 tons expected in 2026, significantly contributing to price increases [2]