本周国际金价强势反弹，周涨幅超过7%[1]，盘中一度站上每盎司4400美元关口，创下6月中旬以来新高[1]。这轮上涨背后主要由两股力量驱动：一是美国7月非农就业数据表现疲弱，意外减少2.3万人，为今年以来最差表现[1]；二是中东局势缓和的预期[1]。美元走弱和通胀预期降温进一步提升了黄金的吸引力[1]。
渣打银行大宗商品研究全球主管苏基·库珀表示，金价有望重新向每盎司5000美元关口迈进[1]。分析师普遍看好中长期金价前景[1]，但世界黄金协会预测今年全年各央行购金规模将略低于去年[1]。
International gold prices rebounded strongly this week, gaining more than 7% and reaching levels not seen since mid-June, with spot prices briefly climbing above $4,400 per ounce [1]. The rally was primarily fueled by two major developments: weaker-than-expected U.S. employment data and easing geopolitical tensions in the Middle East [1]. The July U.S. nonfarm payroll report showed an unexpected decline of 23,000 jobs, marking the weakest performance so far this year [1]. These softer labor market indicators, combined with reduced inflation expectations and a weakening U.S. dollar, have bolstered gold's appeal as a safe-haven asset [1].
Market analysts remain optimistic about gold's medium and long-term prospects. According to the global head of commodities research at Standard Chartered Bank Sukie Cooper, gold prices are poised to advance toward the $5,000-per-ounce level [1]. However, the outlook for central bank gold purchases appears more modest, with the World Gold Council forecasting that global central bank purchases this year will be slightly lower than last year's levels [1].