金价，大涨

Core Insights - The article highlights that geopolitical tensions and market expectations of further interest rate cuts by the Federal Reserve are the primary drivers behind the surge in gold prices [2] - Continuous purchases of gold by central banks and inflows into gold exchange-traded funds (ETFs) have also contributed to the rising gold prices [2] Group 1 - Geopolitical tensions are escalating, which is influencing market behavior and driving gold prices higher [2] - There is a market expectation that the Federal Reserve will implement further interest rate cuts, which is positively impacting gold prices [2] - Gold-backed ETFs have seen inflows for five consecutive weeks, indicating strong investor interest in gold [2] Group 2 - The World Gold Council reports that the total holdings of these funds have been increasing every month this year, except for May [2]