Gold prices hit a new high again, with foreign institutional investors bullish on gold rising to $5000.

With the price of gold breaking through its previous high again, the precious metals market is on the rise once more. On September 16, the main contract of COMEX gold futures reached a high of $3731.9 per ounce, once again setting a new historical record. Domestically, the closing price of Shanghai gold futures was 842.08 yuan/gram, with a cumulative increase of 7.37% since September. In addition to gold, the price of silver is also steadily rising, with COMEX silver futures reaching over $43 per ounce, and Shanghai silver futures reaching a high of 10152 yuan per kilogram. Institutional analysis points out that with multiple factors such as expectations of a shift in Federal Reserve policy, a sharp increase in safe-haven demand, and imbalances in supply and demand resonating together, the bull market in precious metals may be entering an accelerated phase. The bullish sentiment in the market continues to hold, with the previously anticipated target price of $4000 per ounce for gold potentially being achieved faster than previously predicted.