#金价再冲高位 Recent Performance Summary:

- After the market opened today, there was a rapid surge, with significant intraday volatility (low point around 5,430–5,450, high point approaching 5,600+)

- In the short term, multiple key levels have been broken, and the year-to-date increase has been quite dramatic (some statistics show an increase of over 25–30% this year, nearly doubling within a year)

- Silver has also shown strong performance, with even higher increases at times (some periods saw 4–6%)

#美联储维持利率不变 Major Market Driving Factors (Current Mainstream Interpretation):

1. The US Dollar Index continues to weaken: The Dollar Index has recently fallen to a multi-year low, providing clear support for gold.

2. Geopolitical & Policy Uncertainty: Expectations regarding Trump-related policies (tariffs, trade, technology wars, etc.) are still evolving, with a resurgence in demand for safe-haven assets amid fluctuations in market risk appetite.

3. Federal Reserve Path Expectations: Although interest rates have been maintained recently, the market is still pricing in future rate cuts, and a decline in real interest rates is favorable for gold.

4. Central Banks & ETFs Continue Buying: The pace of gold purchases by central banks globally has not ceased, and ETF inflows are also accelerating.

5. Technical Aspect: The bullish trend is very strong, continuously breaking historical highs after the breakout, short-term overbought but momentum remains sufficient.