中信证券：维持对贵金属和有色金属价格的乐观预期

Group 1 - The core viewpoint of the article is that recent fluctuations in gold prices are driven by concerns over the independence of the Federal Reserve and changes in expectations regarding the situation in Iran, leading to a rapid rise followed by significant volatility in gold prices [1] - The market may have overestimated the hawkish stance of the new Federal Reserve Chairman Kevin Walsh, while uncertainty regarding the situation in Iran remains high, suggesting that gold market volatility may only settle once the situation stabilizes [1] - For the year 2026, the company maintains an optimistic outlook on the prices of precious metals and non-ferrous metals [1]