黄金，突破4900美元！还能涨吗？

Group 1 - The core viewpoint of the articles is that the price of gold has surged, breaking the $4900 per ounce mark, reaching a historical high of $4953 per ounce as of January 23 [1] - The rise in gold prices is attributed to the long-term trend of "de-dollarization," which is seen as a structural factor supporting gold's value over time [2] - Multiple long-term trends are influencing gold prices, including the reconstruction of the international monetary system, rising macro leverage ratios, and the current economic cycle [2] Group 2 - Looking ahead to 2026, the logic supporting the long-term rise in gold prices remains unchanged, with ongoing monetary easing and a continued trend of central banks purchasing gold [3] - The World Gold Council indicates that future policy risks, inflation expectations, and investor positions will shape the direction of gold prices [3] - Investment options for ordinary investors in the gold market include various products such as physical gold, gold-themed financial products, gold ETFs, and related stocks [4] Group 3 - As of January 23, the price of accumulated gold has exceeded 1100 yuan per gram, reflecting the overall upward trend in gold prices [4] - The price of branded gold has also increased, nearing 1500 yuan per gram as of January 23 [6]