Gold could be said to have entered a genuine "golden period". On the 25th, due to a sharp drop in the dollar exchange rate, the price of gold futures on the New York Mercantile Exchange continued to refresh historical highs and approached the psychological barrier of $1200. http://www.cocozh.cn In fact, over the past week, the gold price has been setting new historical closing highs every day. In the first three trading days of this week, the upward trend of international gold prices remained unchanged. Since the beginning of November, the gold price has set new closing highs in nearly 15 trading days. With factors such as a weak dollar, emerging inflation, and strong demand providing support, the industry still expects gold prices to rise further. This week, gold prices continue to rise again. A survey by Bloomberg showed that after nearly three weeks of continuous surges, international gold prices may continue to rise this week. The main reason is that more investors are starting to use gold as a tool to hedge against dollar depreciation and inflation concerns. According to a survey of 26 traders, investors, and analysts by Bloomberg, 73% of respondents believed that gold prices would continue to rise this week. As of the New York close last Thursday, gold prices rose cumulatively by more than 2.2% last week, closing at $1141.90 per ounce. Since the end of October, gold has almost been continuously rising and has repeatedly set historical new highs. Compared to October 28, the gold price has risen by 11% in just three weeks. On November 18, gold prices soared to an intra-day historical high of $1153.40. Analysts pointed out that compared to other commodities like crude oil that have also set historical new highs, the current gold price is not excessively high. After adjusting for inflation, gold reached $2287 in 1980, which is twice the current price. Star fund managers place bets. The skyrocketing gold price has also attracted the attention of many "big names." There were reports last week that well-known hedge fund manager John Paulson will launch a new gold fund, into which he himself will invest $250 million. Reports indicated that Paulson's Paulson & Co company is already a major shareholder in several gold mining enterprises such as Kinross Gold, with these positions mainly established this year. Among the approximately $30 billion managed by Paulson, more than 10% is allocated to gold-related investment areas. Additionally, Paulson owns billions of dollars worth of gold ETFs and forward contracts. Paulson's bullish view on gold is not without basis. Despite the recent consecutive new highs in gold prices, there are still many people firmly optimistic about the future performance of gold. Institutions raise long-term expectations. Investment bank Goldman Sachs issued a report last week stating that gold prices could rise to between $1150 and $1200 per ounce, mainly benefiting from declining real interest rates and central banks' interest in purchasing gold. Famous American fund manager Frank Holmes stated that under the backdrop of global real interest rates being negative and the U.S. having high deficits, gold prices still have room to rise. He predicted that this bull market in gold might reach a new inflation-adjusted historical high, potentially rising to $2300 per ounce. However, he also expected that gold prices might experience a short-term correction of 10%. Recently, various institutions have also raised their expectations for gold prices. Standard Chartered predicts that the average gold price in the third quarter of next year could reach $1200; JPMorgan forecasts an average gold price of $1006 next year; Deutsche Bank increased its forecast for 2010 gold prices by 30%, to $1150; Barclays believes that gold prices reaching $1500 next year is not impossible. http://www.ds3.cn/ http://www.115ma.com/