FXGT:2026开年金价高位震荡

Group 1 - The global financial market has entered a period of volatility driven by geopolitical factors as 2026 begins, with FXGT indicating that gold is at a critical "momentum transition" window, closely linked to the oil market in the short term [1][3] - Geopolitical events are reshaping market risk preferences and directly altering the pricing logic of energy and safe-haven assets, although the fundamental logic supporting a long-term bullish trend for gold remains intact despite potential technical pullbacks in January [1][3] - In 2025, the gold market delivered impressive results, with FXGT noting that even a slight price correction at year-end should be viewed as a self-digestion of bullish forces, clearing overheated market sentiments and paving the way for a new upward movement in 2026 [1][3] Group 2 - On the macroeconomic front, the Federal Reserve's policy shift remains a core driving force, with FXGT suggesting that the nomination of new Fed leadership by the White House will be a key variable influencing interest rate direction [2][4] - The uncertainty surrounding new policy directions enhances gold's role as a tool against policy risks, while the U.S. efforts to solidify the "petrodollar" position further highlight gold's hedging role amid fluctuations in the dollar credit system [2][4] - Technical analysis indicates that both gold and silver are showing signs of fatigue after previous strong rallies, with FXGT observing that weekly momentum indicators suggest the market has entered a consumptive top area, likely leading to a period of consolidation rather than a direct breakout [2][4]