全球央行正掀起新一轮购金热潮，现货黄金站上4960美元/盎司再创新高！上海金ETF(518600)盘中涨近3%

Core Viewpoint - The global gold market is experiencing a significant surge, driven by central bank purchases and increasing demand from private investors, with forecasts predicting further price increases in the coming years [1][2]. Group 1: Gold Price Trends - On January 23, spot gold prices reached a new high of $4,960 per ounce, with retail gold jewelry prices exceeding 1,500 yuan per gram, marking an increase of over 50 yuan from the previous day [1]. - Goldman Sachs has raised its gold price forecast for the end of 2026 to $5,400 per ounce, citing a surge in demand from both private investors and central banks [1]. Group 2: Central Bank Activities - The People's Bank of China reported a gold reserve of 74.15 million ounces as of December 2025, having increased its holdings by 30,000 ounces that month, marking the 14th consecutive month of gold accumulation [1]. - Analysts expect central banks to purchase an average of 60 tons of gold per month this year, contributing to the growing demand for gold ETFs [1]. Group 3: Market Dynamics - The current environment of low interest rates in the U.S. and ongoing fiscal expansion is expected to enhance the attractiveness of gold as a safe-haven asset [2]. - The Shanghai Gold ETF has seen significant inflows, with a recent net inflow of 391 million yuan over three days, indicating strong investor interest [2].