君諾金融：贵金属市场波动加剧，央行购金行为受关注

Group 1 - The core viewpoint of the articles indicates a divergence in international precious metal futures prices, with gold futures declining while silver futures increased [1][3] - The New York Commodity Exchange reported that the main gold futures contract fell by 1.25%, closing at $5160.50 per ounce, while silver futures rose by 0.57%, closing at $87.07 per ounce [1] - Spot gold prices experienced a significant drop, retreating over $100 from a high of around $5250, ultimately closing at $5144 [1] Group 2 - Market analysts noted that signals from Federal Reserve officials to maintain high interest rates have cooled expectations for rate cuts, enhancing the attractiveness of dollar assets and weakening gold's safe-haven demand [3] - The dollar index fluctuated around 97.87, and the 10-year U.S. Treasury yield was reported at 4.0350% [3] - DBS Bank has significantly raised its long-term gold price forecasts, setting target prices of $5300 and $6250 per ounce for the first and second halves of 2026, respectively, and predicting a potential price of $8060 per ounce by 2030 [3] - The bank believes that ongoing purchases of gold by central banks provide structural support, as these purchases are less sensitive to price fluctuations compared to other investment demands [3] - The article highlights that gold prices surged to a historical high of $5595 per ounce at the beginning of the year but subsequently fell over 15% due to the nomination of Waller as the next Federal Reserve Chair, indicating active speculative movements in the precious metals market amid macroeconomic policy risks and geopolitical uncertainties [3]