Group 1 - The spot gold price has reached a new historical high of 3,218.63perounce,markingasignificantincreaseofnearly223,100 to 3,300perounce,withapotentialextremescenariopredictingpricescouldexceed4,200 per ounce [2] - The strong demand from global central banks and the rising risk aversion among investors are identified as key drivers for the anticipated further increase in gold prices [2] - Despite the rising gold prices, market analysts advise investors to remain rational and cautious in their investment strategies to manage potential market volatility [2]