Mhmarkets迈汇:贵金属牛市 金价冲刺7000美元

Core Viewpoint - The current bullish momentum in the precious metals market, particularly gold and silver, is attracting global investor attention, with expectations that key price levels may serve as temporary resistance rather than endpoints by 2026 [1][3]. Gold Market Summary - Gold prices are approaching significant psychological levels of $5000, with analysts raising the average price expectation for this year to $4741.97, a 38% increase from last year, driven by expectations of lower U.S. real interest rates and a dovish Federal Reserve policy [1][3]. - The market anticipates a volatility range for gold this year of $3700, with extreme bullish views suggesting a potential surge to $7150, fueled by geopolitical risk premiums [4]. - Institutions expect 2026 to be a year of heightened global risk aversion, particularly in regions like Latin America, leading to increased asset allocation towards gold [4]. Silver Market Summary - Following a nearly 150% increase in 2025, silver is projected to have the potential to double in 2026, driven by industrial demand from the electrification revolution, semiconductors, and artificial intelligence, despite concerns of the market entering an overbought territory [2][4]. - The smaller market size and lower entry barriers for silver make it more resilient during periods of rising gold prices [2][4]. Platinum Group Metals Outlook - The performance of platinum is expected to surpass that of palladium in the current macro environment characterized by shifting geopolitical themes and diminishing effectiveness of currency hedges [5]. - Precious metals are solidifying their status as core safe-haven assets, with gold targeting $7000 and silver aiming for $150, highlighting the importance of monitoring Federal Reserve policy shifts and geopolitical developments for investment opportunities in the ongoing commodity bull cycle [5].