光大期货0128黄金点评：美元指数跌至四年低位，黄金再创新高

Core Viewpoint - The overnight surge in London spot gold prices reached a new historical high, driven by uncertainties in U.S. policy and a weakening dollar, while geopolitical tensions continue to support gold's appeal as a safe-haven asset [2][5]. Market Dynamics - London spot gold prices increased significantly, with COMEX gold futures rising by 1.82% and SHFE gold declining by 0.28% [5]. - The U.S. dollar index fell sharply, dropping below the 96 mark to a four-year low, with a daily decline exceeding 1%, which bolstered gold prices [5]. - The likelihood of a government shutdown in the U.S. by the end of January has increased, further undermining confidence in U.S. economic stability [5]. Geopolitical Factors - The U.S. is set to conduct military exercises in the Middle East, with reports indicating communication with Israel regarding actions against Iran, raising concerns about escalating geopolitical tensions [5]. - Despite expectations of limited impact from the upcoming Federal Reserve meeting on monetary policy, geopolitical tensions, particularly regarding Iran and ongoing issues related to Greenland, are expected to keep gold's appeal strong in the short term [5].