深度｜去年50次刷新历史纪录！金价下一步走势如何？

Group 1 - The international gold price has seen a significant increase, with spot gold rising nearly $200 in two days, surpassing the $4500 mark [2] - On January 5, spot gold closed at $4446.50 per ounce, and by January 6, it reached $4495.14 per ounce, indicating a strong upward trend [2] - The gold price in 2025 experienced a remarkable rise from $2600 to $4500 per ounce, marking a cumulative increase of over 70% [3] Group 2 - The rise in gold prices in 2025 can be attributed to multiple factors, including geopolitical instability, inflation hedging, and the trend of "de-dollarization" [4] - The first bull market for gold began after the collapse of the Bretton Woods system, with historical price increases observed during periods of economic uncertainty [4] - Analysts predict that gold prices may reach $5000 by 2026, with expectations of continued high volatility in the market [5][6] Group 3 - The ongoing restructuring of the international monetary system is leading to increased gold purchases by central banks, particularly in emerging markets like China, India, and Russia [5][6] - Geopolitical factors, such as instability in Latin America and the Middle East, continue to support the demand for gold as a safe-haven asset [6] - Despite potential market bubbles, the current gold price increase is not expected to mirror the severity of past economic shocks, as the global economic landscape has evolved [7]