The global financial markets have once again witnessed a historic moment as the Spot gold price has broken through the $3810 barrier, setting an unprecedented new high. Since the beginning of this year, gold has accumulated a rise of nearly 45%, showing a continuous rise trend for six weeks, making it the preferred risk Hedging tool for investors.

Behind this round of gold price rise, multiple factors are intertwined. The U.S. government is facing a shutdown crisis, and if an agreement is not reached in time, the release of important economic data this week, including non-farm employment, may be delayed, which undoubtedly intensifies the market's doubts about the future direction of the Federal Reserve's policies. Meanwhile, central banks around the world continue to increase their gold holdings, the inflow of gold ETF funds is accelerating, and coupled with the tight supply of precious metals globally, a solid foundation for the rise of gold has been jointly constructed.

Against this backdrop, Hong Kong stocks related to gold have strengthened across the board, with share prices of several mining companies soaring. The logic for investors seems clear: if the Federal Reserve begins a rate-cutting cycle amid economic slowdown and political pressure, the appeal of gold as a non-yielding asset will further increase. Moreover, the supply shortage of other precious metals such as silver, platinum, and palladium is also becoming increasingly severe, with rising leasing rates reflecting strong market demand for physical precious metals.

From a more macro perspective, the U.S. financial system is facing dual challenges: government operations may be interrupted due to the "shutdown" risk, while the independence of the Federal Reserve is influenced by political factors. In this complex situation, gold is not only regarded as a traditional safe-haven asset but also becomes a key tool for hedging against systemic uncertainty. Several international investment banks predict that the trend of rising gold prices may continue, and breaking new highs might just be a matter of time.

As the global economic situation continues to change, investors' attention to gold may further increase. However, market participants should also closely monitor geopolitical situations, inflation data, and the policy trends of various central banks, as these factors may have a significant impact on gold price movements. In an environment of increasing uncertainty, reasonable asset allocation and diversification of investment risks will become more important.