On the morning of January 26th, Beijing time, international gold prices surged, breaking through $5,000 per ounce. As of press time, spot gold rose 1.1% to $5,043.093 per ounce, and COMEX gold rose 1.13% to $5,035.9 per ounce. Spot silver rose over 2%, and COMEX silver rose over 3%. Regarding the future of gold, Goldman Sachs' latest report has raised its year-end gold price forecast from $4,900 per ounce to $5,400 per ounce, due to increasing demand from private investors and central banks. Goldman Sachs expects central banks to purchase 60 tons of gold per month this year, and with the Federal Reserve cutting interest rates, the scale of gold purchases by ETFs will also increase, further pushing up valuations. A recent research report from Huaxi Securities predicts that gold prices may rise between 10% and 35% in 2026, while Jefferies Group has even set an astonishing target of $6,600 per ounce. (Securities Times)