2026年黄金还能持续飙升吗？3大核心因素决定行情走向

Group 1 - The core point of the article discusses the potential for gold prices to continue rising in 2026 after a significant increase in 2025, driven by factors such as Federal Reserve interest rate cuts and global demand for gold [1][3][4] Group 2 - The first pillar indicates that the Federal Reserve's interest rate cuts, which dropped rates from 5.5% to 3.25%, were a major driver for the gold price surge in 2025, but future cuts may be limited due to persistent inflation [1][3] - The second pillar highlights that countries like China, Russia, and Turkey purchased a record 1,200 tons of gold in 2025, as they seek to reduce reliance on the US dollar amid geopolitical tensions [3][4] - The third pillar points out that global gold mining output has been declining for five consecutive years, with production dropping to 3,600 tons in 2025, while demand continues to rise, creating a significant supply-demand gap [4][6] Group 3 - The article advises investors to be cautious, suggesting that they should not exceed 10% of their total assets in gold investments and to set stop-loss and take-profit levels [6][9] - It warns against the risks of speculative trading in gold, citing past instances where prices dropped sharply following interest rate hikes by the Federal Reserve [7][9] - The article concludes that gold should be viewed as a safe haven asset rather than a quick profit opportunity, emphasizing the importance of a long-term investment perspective [9]