每經AI快訊，中(zhong)(zhong)(zhong)信(xin)證券(quan)研(yan)報表(biao)示，基于黃(huang)金(jin)價(jia)格分析框架，看好2025年(nian)金(jin)價(jia)。全(quan)球央(yang)行(xing)購金(jin)行(xing)為有望持續，央(yang)行(xing)宣布購金(jin)的宣示效(xiao)應(ying)可(ke)能(neng)更加明顯。全(quan)球市場黃(huang)金(jin)投資熱情可(ke)能(neng)延續，結構上(shang)(shang)或(huo)為“亞洲下，歐美上(shang)(shang)”。2025年(nian)中(zhong)(zhong)(zhong)東、俄烏等地緣沖(chong)突(tu)可(ke)能(neng)更不穩定，有利金(jin)價(jia)上(shang)(shang)行(xing)。中(zhong)(zhong)(zhong)期(qi)內(nei)，加密貨(huo)幣和黃(huang)金(jin)在避險配置中(zhong)(zhong)(zhong)尚不構成(cheng)競爭(zheng)關系。根據中(zhong)(zhong)(zhong)信(xin)證券(quan)模型預(yu)測，中(zhong)(zhong)(zhong)性假設下，2025年(nian)年(nian)中(zhong)(zhong)(zhong)COMEX黃(huang)金(jin)期(qi)貨(huo)價(jia)格可(ke)達(da)到3100美元/盎司以上(shang)(shang)。