现货黄金，续创历史新高

Core Viewpoint - The London spot gold price has historically surpassed $4,960 per ounce, reaching a peak of $4,967.37 per ounce, with a current price of $4,955.02 per ounce, reflecting a daily increase of 0.39% [1]. Group 1: Market Performance - The gold price has shown a significant increase, with a rise of over 13% since the beginning of 2026 [3]. - The precious metals sector has experienced a broad increase this year, with silver, platinum, and palladium also recording notable gains, indicating a shift in safe-haven demand from gold to the entire precious metals sector [4]. Group 2: Price Forecasts - Goldman Sachs has raised its year-end gold price target from $4,900 to $5,400 per ounce, citing growing demand from private investors and central banks, with an expectation of monthly purchases of 60 tons by central banks [3]. - Citigroup has increased its three-month gold price target to $5,000 per ounce, while also suggesting that geopolitical tensions could lead to a price decline in the second half of 2026 [3]. Group 3: Influencing Factors - Tianfeng Securities has identified four pricing factors for gold: inflation expectations, real interest rates, economic and policy uncertainty leading to safe-haven demand, and purchases by global central banks [3]. - Current high gold prices are under pressure from a high-interest-rate environment, which could increase the opportunity cost of holding gold if the Federal Reserve's rate cuts are gradual [4].