杭州硕丰自有资金投资有限公司：金银大涨再创新高，国内金饰克价逼近1430元，还将“狂飙”多久？

Core Viewpoint - Gold and silver prices have reached historic highs, driven by factors such as concerns over the independence of the Federal Reserve, expectations of loose monetary policy, and geopolitical uncertainties [1][5][7]. Price Movements - As of January 12, gold spot and futures prices surpassed $4600 per ounce, with spot gold at $4584.725 (up 1.68%) and COMEX futures at $4597.6 (up 2.15%) [1][2]. - Silver also saw significant gains, with spot silver reaching $84.059 (up 5.38%) and COMEX silver at $83.91 (up 5.76%) [1][2]. - In the domestic market, Shanghai gold futures hit a record high of 1031.3 yuan per gram, closing at 1026.28 yuan (up 2.57%), while silver futures reached 20998 yuan per kilogram (up 14.42%) [1]. Market Dynamics - The rise in gold and silver prices is attributed to multiple factors, including geopolitical tensions, particularly the risk of military conflict between the U.S. and Iran, which has increased demand for safe-haven assets [4][5]. - The Federal Reserve's independence is under scrutiny due to ongoing investigations, which may impact market expectations regarding monetary policy [5][7]. Central Bank Activity - Central banks are increasing their gold reserves, with the latest data showing that domestic gold reserves reached approximately 2306.323 tons, marking the 14th consecutive month of increases [5]. - Analysts suggest that if central banks increase their gold reserves by just 1%, it could push gold prices up by about $1000 [5]. Future Outlook - Analysts maintain a bullish outlook on precious metals, with expectations that the current upward trend will continue, particularly in light of the political uncertainties surrounding the Federal Reserve [6][7]. - Morgan Stanley has raised its gold price target for Q4 2026 to $4800, indicating strong confidence in gold's long-term value [7].