Recently, the global gold market has achieved a major breakthrough, with gold prices surpassing the $4000 per ounce mark for the first time, setting a new historical high. This rise is driven by multiple factors.

Firstly, the uncertainty of the global economic situation and geopolitical landscape is intensifying, prompting investors to seek safe-haven assets. Gold, as a traditional safe-haven tool, naturally becomes one of the preferred choices for investors.

Secondly, the market generally expects that the Federal Reserve may further cut interest rates, and this expectation has also provided momentum for the rise in gold prices. A low interest rate environment typically increases the attractiveness of non-yielding assets like gold.

It is worth noting that the current rise in gold prices is also influenced by investor sentiment. UBS analyst Giovanni Staunovo pointed out that investors are showing a clear "fear of missing out" sentiment. Even when gold prices are already high, a large number of investors continue to buy, which further drives up the price of gold.

Staunovo explained: "The phenomenon we are currently observing is that despite gold prices being at a high level, investors are still continuously buying gold. This ongoing buying behavior is further amplifying the rise in gold prices."

The recent rise in gold prices not only reflects the current economic environment but also embodies investors' expectations and concerns for the future. As the global economic situation continues to evolve, the trend of gold prices will remain one of the focal points of market attention. Investors need to comprehensively consider various factors and weigh risks against returns when making decisions.