21世纪经济报道·2026-01-28 01:59Core Viewpoint - The article discusses the significant rise in gold prices, with spot gold surpassing $5,200 per ounce and reaching $5,220, marking an increase of over $880 this month, which is more than 20% [1]. Gold Price Trends - As of January 28, spot gold reached $5,221.810, with a daily increase of $40.062 or 0.77% from the previous close of $5,181.748 [2]. - The highest price recorded was $5,224.020, while the lowest was $5,156.570 [2]. Domestic Market Impact - The surge in international gold prices has led to domestic gold jewelry prices rising, with major brands quoting prices above ¥1,600 per gram. For instance, Chow Sang Sang reported ¥1,614 per gram, an increase of ¥37 from ¥1,577 on January 27 [2][3]. - Other brands like Lao Feng Xiang and Lao Miao quoted prices of ¥1,620 and ¥1,612 per gram, respectively [2]. Factors Driving Gold Prices - Analysts attribute the current surge in gold prices to strategic asset allocation by central banks, particularly as the Federal Reserve enters a rate-cutting cycle, reducing the attractiveness of dollar-denominated assets [3]. - Geopolitical risks, including tensions surrounding Greenland and the situation in Iran, are also contributing to increased demand for gold as a safe-haven asset [3]. Future Outlook - Goldman Sachs has raised its year-end gold price target from $4,900 to $5,400 per ounce, citing growing demand from private investors and central banks [4]. - Predictions for gold prices suggest a potential increase of 10% to 35% by 2026, with some forecasts reaching as high as $6,600 per ounce [4].