贵金属“狂飙”：伦敦金银再创历史新高

Core Viewpoint - The precious metals market is experiencing a significant surge, with both London gold and silver reaching historical highs due to a combination of geopolitical tensions, central bank purchases, and expectations regarding Federal Reserve policies [2][4][5]. Market Performance - On January 12, London gold and silver prices peaked at over $4600 per ounce and $84 per ounce, respectively, marking new historical highs [4][5]. - A-share precious metal-related stocks also performed well, with notable increases such as Mingpai Jewelry rising over 10% and Shengda Resources increasing over 8% [4]. Influencing Factors - Geopolitical risks and rising tensions have led to an influx of safe-haven investments into precious metals [5]. - Central banks and global macro funds are increasing their positions, contributing to an imbalance in investment structures [5]. - The ongoing criminal investigation into Federal Reserve Chairman Jerome Powell has raised concerns about the independence of the Fed, potentially influencing future monetary policy [5]. Central Bank Actions - As of December 31, 2025, China's gold reserves reached 74.15 million ounces, an increase of 30,000 ounces from the previous month, marking the 14th consecutive month of increases since November 2024 [4][5]. Future Price Predictions - Analysts predict that gold prices could approach $5000 per ounce and potentially reach $6000 per ounce, while silver could target $90 per ounce, with a possibility of hitting $100 per ounce if it breaks through [6][16]. Investment Strategies - Investors are advised to engage in precious metal investments through regulated markets and to adopt a strategy of small positions and buying on dips, avoiding high leverage [2][9]. - Financial institutions are warning clients about the risks of blind investments in gold, suggesting a shift in investment classification from conservative to medium-risk products [9][19].