Core Viewpoint - The gold futures market has seen a significant increase in prices, driven by geopolitical tensions and economic concerns, with predictions of further price rises in the coming years [1] Group 1: Gold Market Performance - On October 7, 2023, the most actively traded gold futures for December 2025 rose by $28.2, closing at $4004.8 per ounce, marking a 0.71% increase [1] - On October 6, gold prices surpassed $4000 per ounce, reaching a historical high of $4014.60, and maintained above the $4000 level at the close on October 7 [1] Group 2: Influencing Factors - Factors contributing to the rise in gold prices include the U.S. government shutdown, political instability in France, economic concerns in Japan and Argentina, and the ongoing Russia-Ukraine conflict, all of which have increased market demand for gold as a safe-haven asset [1] Group 3: Forecasts and Predictions - Goldman Sachs raised its price forecast for gold for December 2026 from $4300 to $4900 per ounce, and anticipates that central banks will purchase an average of 80 tons of gold in 2025 and 70 tons in 2026 [1] - Emerging market central banks are expected to continue shifting their reserves from U.S. dollars to gold [1] Group 4: Technical Analysis - Currently, gold prices are approximately 21% above the 200-day moving average, 70% above the 200-week moving average, and 140% above the 200-month moving average, indicating a significant overbought condition and potential weakening of short-term upward momentum [1] Group 5: Silver Market Performance - On the same day, silver futures for December delivery fell by $0.793, closing at $47.655 per ounce, reflecting a decline of 1.64% [1]