Spot gold breaks through $5000 per ounce, "rate cut trade" may once again become the focus of the market.

The gold and silver markets are continuously erupting. On January 26, London spot gold broke through the $5000 per ounce mark, reaching a historical high, with the intraday increase still expanding, approaching $5100 per ounce at one point; London spot silver also strengthened simultaneously, with a daily increase of over 5%, breaking through $109 per ounce. Wang Yanqing, chief analyst of precious metals at CITIC Securities Futures, said that "rate cut trades" may once again become the focus of the future market, enhancing market volatility. In addition, the uncertainty surrounding Greenland and Iran still exists, with short-term risk aversion sentiment potentially supporting the volatile upward trend of precious metals.