多重风暴叠加，金银齐创新高，现货黄金首破4600美元！

Core Viewpoint - Precious metals prices are rising significantly, with gold surpassing $4600 and silver reaching historical highs, driven by multiple factors including economic data and geopolitical tensions [3][5][12]. Group 1: Price Movements - Gold reached $4600 for the first time, gaining $280 in January [3][10]. - Silver broke through $83.9 per ounce, marking a nearly 5% daily increase and setting a new historical high [3][10]. Group 2: Influencing Factors - U.S. non-farm payroll data fell short of expectations, reinforcing the likelihood of further interest rate cuts by the Federal Reserve [5][12]. - Escalating tensions in Iran have heightened geopolitical risks, contributing to the demand for safe-haven assets like gold [5][12]. - Federal Reserve Chairman Jerome Powell faces legal challenges, which have led to a slight decline in the dollar [6][12]. Group 3: Market Dynamics - The annual commodity index rebalancing is expected to require the sale of approximately $5 billion in gold and silver, although this process will be completed soon [6][13]. - Analysts believe that the fundamental support for precious metals remains strong despite potential short-term risks [13]. - Silver's supply constraints are expected to keep prices elevated, with predictions that silver could exceed $100 per ounce [7][13]. Group 4: Future Projections - Analysts anticipate that gold prices could reach $5000 per ounce due to ongoing geopolitical and economic factors [7][13]. - The market expects the Federal Reserve to eventually lower interest rates, which would further support gold prices [14]. - Technical analysis indicates that gold is on an upward trend, with resistance levels identified between $4664 and $4766 [8][14].