金价，创历史新高！

Core Viewpoint - The article discusses the recent surge in gold and silver prices, with gold futures reaching a historic high of $4,612 per ounce, driven by geopolitical tensions and increased demand for precious metals as a safe haven [1][2][4]. Group 1: Price Movements - On January 11, gold futures on the New York Mercantile Exchange hit a record high, surpassing $4,612 per ounce [1][2]. - Both gold and silver futures have shown significant price increases, with gold rising by 3.96% and silver by 11.72% during the week [4]. - Silver prices experienced extreme volatility, with a single-day increase of nearly 8% and a two-day cumulative rise exceeding 14%, followed by a drop of over 7% [5][6]. Group 2: Market Influences - Geopolitical events, such as the U.S. military actions in Venezuela, have heightened market risk aversion, contributing to the increased allocation of precious metals by investors [4]. - The Bloomberg Commodity Index underwent an annual rebalancing, which significantly reduced the weight of precious metals, potentially triggering passive liquidation by index-tracking funds [14]. - The Chicago Mercantile Exchange raised margin requirements for precious metals futures, including a 28.6% increase for silver, which typically curbs high-leverage and speculative trading [14]. Group 3: Future Outlook - Analysts from multiple financial institutions anticipate that despite short-term downward pressures, there remains potential for price increases in precious and industrial metals throughout the year [13]. - Goldman Sachs predicts that while silver prices are expected to rise, they will experience higher volatility and uncertainty compared to gold due to the lack of demand support from global central bank reserves [9].