世界黄金协会_2026年黄金展望：前进还是后退

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📄 文件全名: 《世界黄金协会_2026年黄金展望：前进还是后退-12页.pdf》
🎯 适合读者: 战略规划行业研究员
📊 核心数据: returning over 60%. 1 This performance has been supported by a combination of
outcomes based on our Gold Valuation Framework. ‘Macro consensus’ implies a range between -5% and 5%; ‘Shallow slip’ implies 5% to 15% upside; ‘Doom loop’ implies 15%
to 30% upside; and the ‘Reflation return’ implies a 5% to 20% drop. The reference point is the average LBMA Gold Price for November 2025. For more details, see Table 2, p9.
Gold is up 60.6% based on the LBMA Gold Price PM as of 28 November 2025.
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Push ahead or pull back Gold’s impressive surge What to expect in 2026

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《世界黄金协会_2026年黄金展望：前进还是后退》主要包含哪些内容?

Push ahead or pull back Gold’s impressive surge What to expect in 2026核心数据:returning over 60%. 1 This performance has been supported by a combination of;outcomes based on our Gold Valuation Framework. ‘Macro consensus’ implies a range between -5% and 5%; ‘Shallow slip’ implies 5% to 15% upside; ‘Doom loop’ implies 15%;to 30% upside; and the ‘Reflation return’ implies a 5% to 20% drop. The reference point is the average LBMA Gold Price for November 2025. For more details, see Table 2, p9.。

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