现货黄金刚刚涨破5200美元关口

Core Viewpoint - UBS analysts indicate that despite a relatively mild response of gold prices to recent geopolitical tensions, there is still potential for further increases, predicting prices to rise to $6200 per ounce in the coming months due to strong underlying drivers [1]. Group 1: Market Drivers - The recent performance of precious metals is primarily driven by three key factors: 1. Changes in U.S. tariff policies impacting dollar credibility, with the Supreme Court ruling against large-scale tariffs imposed by the Trump administration, leading to increased tariffs on imported goods [1]. 2. Ongoing tensions in Iran during the holiday period significantly boosting gold's safe-haven demand [1]. 3. Rising stagnation risks enhancing gold's anti-inflation properties, as recent U.S. data shows inflation exceeding expectations alongside slowing economic growth [1]. Group 2: Short-term and Long-term Outlook - In the short term, the combination of tariff rulings and geopolitical conflicts is expected to drive precious metals, while in the long term, factors such as de-dollarization and geopolitical risks will support gold's upward trajectory [1]. - Silver is anticipated to maintain a strong oscillating trend in the short term due to its industrial and financial attributes resonating together [1]. Group 3: Recent Market Activity - On the 25th, spot gold prices continued to rise, breaking the $5200 mark with an increase of over 1.3% during the trading session [2].