黄金，又见证历史！

Core Viewpoint - Spot gold has reached a new historical high, surpassing $3840 per ounce, driven by geopolitical tensions and potential U.S. government shutdown risks [2][3][5]. Market Performance - On September 30, spot gold peaked at $3840.589 per ounce, with a previous close of $3839.120, reflecting a 0.16% increase [4]. - COMEX gold futures also rose, reaching a high of $3869 per ounce, with a previous close of $3867.8, marking a 0.33% increase [5]. Geopolitical Factors - The risk of a U.S. government shutdown has contributed to the surge in gold prices, alongside escalating geopolitical tensions involving Russia, NATO, and conflicts in the Middle East [5]. - UBS Wealth Management's Chief Investment Office suggests that gold prices may continue to rise due to potential further easing of U.S. monetary policy and persistent high inflation, predicting a price of $3900 per ounce by mid-2026 [6]. Investment Outlook - UBS continues to view gold as an effective tool for portfolio diversification and risk hedging [6].