世界黄金协会：金价逼近4600美元仍未超买，真正天花板在4770！

Group 1 - The core viewpoint is that gold prices are benefiting significantly from ongoing geopolitical turmoil, with the World Gold Council (WGC) indicating that gold is not yet in an extreme overbought state until it surpasses $4,770 per ounce [1] - Gold prices have returned to an upward trend after a challenging start to the year, overcoming early headwinds such as tax loss selling and portfolio rebalancing [1] - The WGC analysts noted that frequent geopolitical shocks are increasing risk premiums, which is favorable for gold investments [1] Group 2 - Key economic data for the gold market includes the upcoming U.S. December CPI data, which may show a temporary rise, with core CPI expected to increase to 0.4% from the previous 0.2% [1] - In Europe, the UK’s November GDP is expected to show stagnation, while Germany's GDP may see a slight growth of 0.3% after two years of contraction [1] - China's December gold export data is anticipated to demonstrate resilience, potentially supporting trade balance and the renminbi exchange rate [1] Group 3 - Technical analysis indicates that gold has only faced minor setbacks and has maintained support at the short-term 13-day moving average, currently at $4,447 per ounce [2] - The next resistance level for gold is at $4,600 per ounce, with a typical overbought limit slightly below this at $4,585 [2] - If gold prices fall below $4,447 and subsequently $4,408, it would ease short-term upward momentum, but support is expected at $4,345 and within the $4,275 to $4,265 range [2]