Group 1 - The article discusses the recent surge in gold prices, which have reached a historical high of $3,790.82 per ounce, driven by various factors including geopolitical uncertainty, monetary policy changes, and increased demand from central banks [1][2] - Geopolitical uncertainty has led to a rise in safe-haven demand for gold, as investors seek to protect their wealth during times of political and economic turmoil [1] - Expectations of interest rate cuts by the Federal Reserve have made gold more attractive, as lower interest rates decrease the returns on fixed-income products, prompting investors to shift towards gold [1][2] Group 2 - Central banks around the world have been increasing their gold reserves, further driving up demand and prices, as countries aim to hedge against dollar fluctuations and inflation risks [1][2] - A weaker US dollar has also contributed to the rise in gold prices, as it lowers the cost of gold for buyers using other currencies, especially in light of recent data indicating a sluggish US economy [2] - Despite the current high prices, economists predict a potential short-term correction, but Deutsche Bank forecasts that gold prices could reach $4,000 per ounce by 2026 if macroeconomic conditions remain unchanged [2]

Core Viewpoint - The international gold price has reached a new historical high, driven by three main factors: disappointing U.S. non-farm payroll data, central banks increasing gold reserves, and funds flowing from the bond market into gold as a safe haven [1] Group 1: Factors Driving Gold Price Increase - U.S. non-farm payroll data fell significantly below expectations, leading to a 99.4% probability of the Federal Reserve lowering interest rates in September [1] - Global central banks are continuously increasing their gold reserves to hedge against debt and inflation risks [1] - There has been a sell-off in long-term government bonds, causing some of the funds to flow into gold, with global gold ETFs seeing a net inflow of $5.5 billion in August [1] Group 2: Future Projections and Risks - Goldman Sachs predicts that if the U.S. maintains a low interest rate policy, gold prices could reach $4,000 per ounce by 2026 [1] - Despite the long-term bullish outlook, industry experts caution that the rapid increase in gold prices has accumulated a risk of correction [1]