#密码资产动态追踪 Recently, I reviewed several leading investment banks' precious metals research reports and found that institutional stances are surprisingly consistent in being bullish on gold.

JPMorgan's expectations are the most aggressive, with a long-term target of 5400-6000; Goldman Sachs advocates for a 4900 level; Bank of America and UBS respectively call for ranges of 5000 and 4500-5000. Even the usually more conservative Morgan Stanley has confirmed the 4800 threshold.

The driving logic behind this round has completely changed. The rate cut cycle is just a surface factor; the real key is that global central banks are systematically increasing their gold holdings in foreign exchange reserves — a once-in-decades paradigm shift in asset allocation is underway.

In the short term, Fed policy fluctuations or dollar volatility may create pullback pressures, but the mainstream institutional consensus is quite clear: such adjustments are more opportunities to add positions rather than signals of trend reversals.

What is your expectation for this wave of precious metals行情 at which price level?