Group 1 - Recent fluctuations in gold and silver prices are attributed to rapid increases in international gold prices and severe market overbuying, leading to profit-taking by investors [1] - The Shanghai Futures Exchange and Shanghai Gold Exchange have issued risk warnings, urging investors to exercise caution in precious metal investments due to unpredictable market conditions [1] - Geopolitical risks remain high, and the potential for a U.S. government shutdown may continue to support market risk aversion, which could sustain gold prices in the short term [1] Group 2 - The current rise in gold prices has surpassed traditional safe-haven trading, indicating a shift in how global risks are priced, now considering structural variables like geopolitical risks and U.S. debt sustainability [2] - Gold prices are projected to reach $6,000 per ounce, although short-term volatility is expected [2] - The outlook for gold may fluctuate in response to U.S. Federal Reserve policies and economic conditions, with potential support for further price increases in the latter half of 2026 [2]