Group 1 - The core viewpoint of the articles highlights a significant surge in gold prices, which rose by 65% in 2025, reaching a historical high of $4549.71 per ounce, marking the largest annual increase since 1979 [1][3] - Morgan Stanley predicts that gold prices will rise to $4800 per ounce by Q4 2026, driven by declining interest rates, changes in Federal Reserve leadership, and continued purchases by central banks and funds [3] - Analysts from Bank of America also view gold as a crucial hedge in investment portfolios for 2026, estimating an average price of $4538 per ounce for the year [3] Group 2 - The decline of the US dollar is evident, with its share in global foreign exchange reserves dropping to just above 40%, the lowest level in decades, while the dollar index fell by 9.4% in 2025, marking its worst performance in eight years [1][3] - The increasing role of gold in sovereign reserves is a key driver of its price surge, as central banks actively accumulate gold to hedge against dollar risks, with significant increases in gold holdings reported by the International Monetary Fund (IMF) [4] - The unusual rise in prices of major metals like gold, silver, and copper signals the underlying weakness of the dollar, suggesting a potential for further depreciation of the dollar as alternative currencies may begin to appreciate [3][4]
黄金创纪录上涨，美元储备地位降至数十年新低
Huan Qiu Wang·2026-01-10 03:05