#黄金白银再创新高

The gold concept was active again during the trading session on the 23rd. As of the time of writing, Jin Yi Culture, China Gold, Yuguang Gold and Lead, Silvercorp Metals, and others hit the daily limit, with Sichuan Gold up more than 8%. Notably, Silvercorp Metals has hit the daily limit for four consecutive trading days.

On the 23rd, international gold prices surged significantly, with spot gold breaking through the $4,950 per ounce mark, hitting a new all-time high. COMEX gold futures prices also strengthened, reaching a high of $4,970 per ounce, just one step away from the $5,000 milestone. The surge in international gold prices quickly transmitted to the domestic market, with most well-known domestic gold jewelry brands quoting prices at a new high of 1,500 yuan per gram.

Huaxi Securities pointed out that over the past three years, gold prices have risen rapidly, climbing step by step, with returns far exceeding historical levels. Expectations of Federal Reserve monetary policy remain the main factor influencing gold price trends, while geopolitical conflicts, US risks, and concerns over the dollar’s creditworthiness have become new catalysts for increasing gold price gains. Additionally, ongoing gold purchases by global central banks provide strong support for stabilizing the gold price floor. Based on historical patterns, the gold price increase by 2026 is expected to be between 10% and 35%. Influenced by expectations of Fed rate cuts, US dollar credit instability, mid-term US elections, and geopolitical uncertainties, gold prices are likely to continue rising.