国际金银价格创历史新高，黄金站上4635美元

Group 1 - International gold and silver prices have reached historic highs, with gold at $4635 per ounce and silver surpassing $90, leading to significant discussions and investment anxiety in the domestic market [1][2] - The price of gold jewelry in the domestic market has risen to 1438 RMB per gram, reflecting a more than 65% increase since early 2025, with the cost of wedding gold jewelry rising from 40,000 RMB to over 80,000 RMB [2] - Silver futures have seen a 25% increase since the beginning of the year, with a single-day surge of 5.85%, marking a significant demand for silver driven by industrial needs and investment shifts [2][4] Group 2 - The surge in gold and silver prices is primarily driven by increased demand for safe-haven assets due to ongoing geopolitical tensions and expectations of interest rate cuts by the Federal Reserve [3] - Central banks globally have increased their gold reserves for five consecutive years, with a net purchase of 950 tons in 2025, indicating a shift in asset preference towards gold over U.S. Treasury bonds [3] - Silver's industrial demand is highlighted by its critical role in the photovoltaic industry, accounting for 55% of global silver demand, alongside significant needs from the electric vehicle sector and AI chip packaging [4] Group 3 - The weakening of the U.S. dollar is evident, with a 9.4% decline in the dollar index in 2025 and a drop in the dollar's share of global foreign exchange reserves to 56.92%, the lowest since 1995 [5] - The volatility in the silver market is exacerbated by quantitative trading, where approximately $12 million can purchase all circulating silver on COMEX, indicating a highly speculative environment [5] Group 4 - Consumer behavior is shifting due to rising prices, with some wedding groups adjusting their purchasing plans, opting for rentals or alternative metals like silver and platinum [6] - Early investors in gold and silver have seen substantial profits, with some reporting gains of over 600,000 RMB from gold investments made at lower prices [6] Group 5 - The silver market is facing supply shortages, with London silver inventories at a ten-year low and a significant gap in demand expected to persist [4] - The rising costs of silver are impacting industries, particularly in the photovoltaic sector, where silver constitutes 15% of component costs, leading some manufacturers to pause procurement [8] Group 6 - Investment strategies suggest that consumers should avoid high premiums on branded gold and consider alternatives like bank gold bars with lower premiums [10] - For investors, it is recommended to limit gold and silver investments to a small percentage of liquid assets and to consider investing in gold ETFs rather than engaging in leveraged trading [11]