International gold prices have surpassed 5000 USD/ounce, setting a new historical high

On January 26th, Beijing time, international gold prices surged significantly, breaking through $5000 per ounce. As of the time of writing, spot gold rose by 1.1%, reported at $5043.093 per ounce, while COMEX gold increased by 1.13%, reported at $5035.9 per ounce. Spot silver rose by over 2%, and COMEX silver increased by over 3%.

Regarding the future of gold, Goldman Sachs' latest report has raised its year-end gold price forecast from $4900 per ounce to $5400 per ounce, due to the increasing demand from private investors and central banks.

Goldman Sachs expects that central banks around the world will purchase 60 tons of gold each month this year, and as the Federal Reserve cuts interest rates, the amount of gold purchased by ETFs will also increase, further boosting valuations. Huaxi Securities' latest research report predicts that gold prices may rise between 10% and 35% by 2026, while Jefferies Group has even set an astonishing target of $6600 per ounce.