地缘因素引爆大宗狂欢！机构上调金价目标至5000美元，白银飙涨近8%，铜价再创里程碑

Group 1: Commodity Market Movements - Global commodity markets experienced significant fluctuations due to concerns over supply shortages and geopolitical tensions, particularly regarding Venezuela, leading to a resurgence in precious metals [1] - Gold prices surged, reaching a peak of $4,467 per ounce, driven by increased demand for safe-haven assets amid U.S. military actions in Venezuela and other geopolitical developments [2][3] - Industrial metals also saw a collective rise, with copper prices breaking historical records, driven by strong demand from sectors like electric vehicles and artificial intelligence [5][6] Group 2: Gold Price Forecasts - UBS raised its gold price target for 2026 to $5,000 per ounce, citing concerns over U.S. fiscal sustainability and a continued preference for gold as a risk-hedging asset [3] - Goldman Sachs projected gold prices could reach $4,900 per ounce, with potential for further upside due to ongoing geopolitical risks and monetary policy changes [2][3] - The demand for gold ETFs is expected to remain high, with analysts suggesting that if political or financial risks escalate, gold prices could potentially rise to $5,400 per ounce [3] Group 3: Silver Market Dynamics - Silver prices saw a significant increase, with futures rising by 7.95%, driven by both safe-haven demand and structural growth in industrial applications, particularly in electric vehicles and solar panels [3][4] - The silver market has been in a state of supply-demand imbalance since 2021, with increasing demand outpacing the ability to expand production quickly [3] - A survey indicated that 57% of respondents expect silver prices to exceed $100 per ounce next year, reflecting strong market sentiment [4] Group 4: Copper Supply Concerns - The copper market is facing supply concerns due to production interruptions at major mines, with analysts predicting a global refined copper production of 26.9 million tons and a market shortfall of 308,000 tons this year [6][7] - The potential for U.S. tariffs on copper imports has added to market volatility, with significant increases in copper inventories in U.S. warehouses as traders prepare for possible trade restrictions [7] - UBS noted that the U.S. holds about half of the global copper inventory, but its consumption accounts for less than 10% of global demand, indicating risks for supply in other regions [7]