Core Viewpoint - The report from Dahua analysts indicates that gold is experiencing increasing volatility and speculation, with a notable rise in implied volatility and rental rates, signaling a potential risk for investors [1] Group 1: Market Dynamics - The implied volatility of gold has quietly increased due to expanding weekly price fluctuations and rising implied rental rates [1] - The last trading week of 2025 saw unprecedented volatility in gold and various precious metals, which is a key warning signal of heightened speculative activity [1] Group 2: Investor Behavior - The accumulation of physical gold bars is driving an influx of retail investors into gold and precious metal products, potentially exacerbating year-end liquidity tightness [1] Group 3: Price Forecast - Dahua maintains its gold price forecast, predicting it will reach $4,600 per ounce by the end of 2026, with a longer-term target of $5,000 per ounce [1]
大华分析师：黄金或将面临日益加剧的波动和投机
Xin Lang Cai Jing·2026-01-05 15:57