Core Viewpoint - The international gold market is experiencing a significant surge, with prices approaching the $5000 per ounce mark, driven by increased demand for safe-haven assets and declining trust in the US dollar [2][5][6]. Price Movement - On January 21, London gold prices reached a high of $4888.17 per ounce, nearing the $5000 threshold [3]. - Over the last three trading days, the London gold spot price increased by $267 per ounce, with a weekly gain exceeding 5.7% [4]. - As of the latest report, COMEX gold futures were priced at $4869 per ounce, marking a $100 increase from the previous trading day [5]. Market Sentiment - There is a growing bullish sentiment in the precious metals market, although there are warnings of potential short-term corrections due to overbought conditions [4][7]. - Investor sentiment is divided, with some individuals eager to increase their positions in anticipation of reaching $5000, while others are cautious and considering risk management strategies [8]. Institutional Insights - Some analysts predict that if the US dollar index rebounds or global risk appetite improves, gold prices may retreat to the $4600-$4700 range [7]. - Despite short-term correction risks, the long-term upward trend for gold remains intact, supported by factors such as weak global economic recovery and ongoing geopolitical risks [7]. Investment Strategies - The rapid rise in gold prices has led to increased interest in gold ETFs, with the largest domestic gold ETF surpassing 100.76 billion yuan in assets [8]. - Investors are advised to approach the current market with caution, considering strategies such as dollar-cost averaging in gold ETFs or phased purchases of physical gold to mitigate risks [9]. Regulatory Actions - The Shanghai Futures Exchange announced adjustments to the price limits and margin requirements for gold and silver futures to enhance market supervision and maintain orderly trading [9].
国际黄金市场再次“狂飙”
Di Yi Cai Jing Zi Xun·2026-01-21 11:52