【UNFX财经事件】全球风险偏好回落 金价再创历史新高

Core Viewpoint - The international gold market remains strong amid geopolitical tensions and rising uncertainties in global trade, with spot gold prices approaching historical highs due to increased demand for safe-haven assets [1][2]. Group 1: Market Dynamics - Spot gold (XAU/USD) continued its upward trend, nearing $4888, setting a new historical record [1]. - The market's risk appetite has notably declined, influenced by U.S. President Trump's statements regarding Greenland and potential tariff increases on certain European countries, adding uncertainty to U.S.-Europe relations [1]. - The volatility in global financial markets has increased, leading to a surge in investor demand for traditional safe-haven assets like gold [1]. Group 2: Central Bank Activity - Central bank purchases are providing medium to long-term support for gold prices, with the Polish central bank announcing a plan to increase its gold reserves by up to 150 tons, aiming for approximately 700 tons [2]. - The Polish central bank emphasized that gold carries no credit risk and is unaffected by other countries' monetary policies, enhancing the stability of national balance sheets amid global financial uncertainty [2]. - The ongoing trend of central banks accelerating gold purchases is a significant structural factor in raising the central price of gold [2]. Group 3: Economic Indicators - Market attention is shifting towards the upcoming U.S. Personal Consumption Expenditures (PCE) price index, a key inflation reference for the Federal Reserve, which will be released alongside the final GDP for Q3 [2]. - The interplay between inflation and economic outlook remains unclear, but the safe-haven logic and central bank gold purchases are expected to dominate gold price movements [2]. - Geopolitical risks, trade friction uncertainties, and continuous central bank gold accumulation are core supports for the current strength in gold prices [2].