Core Viewpoint - The international gold market is currently experiencing strong performance, with gold prices reaching historical highs due to various supporting factors such as market demand for safe-haven assets and rising inflation risks [1][2]. Group 1: Gold Price Trends - As of April 22, COMEX gold futures were priced at $3460.9 per ounce, up 1.04% for the day, with a peak of $3509.9 per ounce [1]. - Spot gold prices reached $3452.140 per ounce, increasing by 0.83%, and also hit a historical high of $3500.120 per ounce [1]. - Domestic gold jewelry prices have surpassed 1050 RMB per gram, with specific brands like Chow Sang Sang and Chow Tai Fook pricing their gold products at 1080 RMB and 1082 RMB per gram, respectively [1]. Group 2: Factors Supporting Gold Prices - Continued market demand for safe-haven assets due to uncertainties in global trade and geopolitical risks, particularly related to the U.S. and regions like Ukraine and the Middle East [2]. - Rising inflation risks, exacerbated by unexpected tariffs and a hawkish stance from the Federal Reserve, which raises concerns about "stagflation" in the U.S. economy [2]. - Strong willingness among global central banks to increase gold reserves as a strategic asset allocation in response to U.S. debt imbalances and the impact of de-globalization on the safety of dollar assets [2]. - Ongoing credit risks associated with the U.S. dollar, driven by fluctuating tariff policies and weak economic data, leading to a systemic trust crisis in dollar assets and supporting gold prices [2]. - Increased inflow of speculative and allocation funds into the gold market, with notable growth in gold ETFs and futures, pushing prices higher [2]. Group 3: Potential Risks - A significant rebound in U.S. inflation due to the Trump administration's policies could limit the Federal Reserve's ability to lower interest rates, potentially putting pressure on gold prices [3].

涨！涨！涨！ 4月21日上午 现货黄金继续冲高 站上3380美元/盎司 再创历史新高 日内涨约1.5% 现涨1.85% 连续第十一个交易日上涨 | 今年迄今累计涨近30% | | --- | 当初不理不睬，如今无法高攀！很多网友感叹：当初囤金太少了！ 最新消息，查询发现，周生生足金饰品标价已达1034元/克，相比4月7日黄金低位912元/克，14日内累计涨122元。老庙、周大福足金饰品标价则分别攀升 至1038元/克、1039元/克，克价纷纷逼近1040元。 上海黄金交易所4月21日发布关于继续做好近期市场风险控制工作的通知： 上期所黄金期货主力合约 突破800元/克关口 再创历史新高 东方金诚研报显示，从中长期来看，全球贸易环境变化、宏观经济不确定性增加以及全球地缘局势持续动荡引发的避险需求、全球央行配置黄金意愿仍较 强、美国仍处于降息周期等多重因素仍将支撑黄金价格重回上涨态势。 "'对等关税'给国际资本市场带来了极大的不确定性，叠加地缘政治风险居高不下等因素，市场避险需求仍在持续攀升。"中国银行研究院研究员吴丹 说，"作为传统避险资产，黄金的长期配置价值依然稳固，看涨头寸仍在高位，且主流资金未实质性减弱对 ...