全球贵金属市场迎来"狂欢时刻"，黄金白银联袂刷新历史纪录，朋友圈被金价银价暴涨消息刷屏，实物金饰同步大幅调价，铂金、钯金等品种也全线走 强。市场热议贵金属是否进入结构性牛市，机构多看好长期趋势，但历史经验警示投资者，盲目追高需警惕高位回调风险。 | | 图品 | 回购 | 销售 | 高/低 | | --- | --- | --- | --- | --- | | | 黄金 | 1114.53 | 1119.53 | 1120.22 | | | | | | 1108.04 | | 实 | 铂金 | 651.1 | 708.1 | 710.3 | | 时 | | | | 640.6 | | 金 157 | 細金 | 444.8 | 448.8 | 452.9 | | | | | | 440.4 | | | 白银(含税) | 26.156 | 26.376 | 26.396 | | | | | | 25.222 | 金银领衔贵金属暴涨，实物消费端同步跟涨 1月23日周五，全球贵金属价格集体冲高，上演历史性行情。现货黄金报每盎司4964.81美元，涨幅0.6%，盘中最高触及4988.17美元，无限逼近5000美元 关键 ...

Core Viewpoint - Recent gold price increases are driven by three main "strong buyers": rising Western ETF positions, potential acceleration of central bank purchases, and increased speculative positions. Goldman Sachs has raised its gold price forecast for December 2026 from $4,300 to $4,900 per ounce [1] Group 1: Gold Price Trends - International gold prices reached new highs on October 14, with futures and spot prices hitting $4,190 and $4,179 per ounce respectively [1] - Since September, gold prices have increased by over 19%, while silver has risen by 23% [1] - Year-to-date, spot gold has risen over $1,500, a gain of over 58% [5] Group 2: Investor Behavior - Many investors express a fear of missing out (FOMO) on the rising gold prices, leading to indecision in their buying strategies [2] - A significant increase in interest in gold investment has been noted, with over a million users accessing gold accumulation products on the Ant Financial platform on October 14 [2] Group 3: Institutional Insights - Bank of America has raised its gold price target for 2026 to $5,000 per ounce and silver to $65 per ounce, indicating further upside potential of 22% and 25% respectively [5] - Analysts suggest that the current gold price reflects strong demand from central banks accumulating gold as a reserve asset, with expectations of continued purchases [6] Group 4: Market Risks and Volatility - Despite bullish sentiments, there are warnings about potential price corrections due to profit-taking by investors after rapid price increases [7] - Analysts have noted that the precious metals market is showing signs of being overbought, which could lead to a period of stagnation or correction [7] - The current market environment is characterized by high volatility, with significant price fluctuations observed in gold, silver, and platinum [8]