黄金周报：再通胀预期及避险需求升温，金价继续上涨

Group 1: Market Overview - Gold prices continued to rise due to increased inflation expectations and safe-haven demand, with Shanghai gold futures up 1.19% to 635.46 CNY/g and COMEX gold futures up 2.44% to 2717.40 USD/oz[2] - The significant rise in gold prices was supported by geopolitical tensions in the Middle East and Russia, which heightened market demand for safe-haven assets[2] - The international gold basis turned negative to -29.75 USD/oz, a decrease of 33.65 USD/oz from the previous week, while the Shanghai gold basis rose to 1.46 CNY/g, an increase of 1.47 CNY/g[6] Group 2: Price Trends and Predictions - For the week of January 13, gold prices are expected to fluctuate at high levels, influenced by rising inflation and debt risks in the U.S.[3] - The upcoming U.S. CPI data for December is anticipated to show an increase, reinforcing inflation expectations and supporting gold prices[3] - The gold T+D trading volume increased by 20.69% week-on-week, indicating growing market activity[13] Group 3: Economic Indicators - The U.S. December non-farm payrolls added 256,000 jobs, significantly exceeding the expected 165,000, with the unemployment rate dropping to 4.1%[20] - The ISM services PMI for December was reported at 54.1, above expectations, indicating strong economic activity[18] - The U.S. dollar index rose by 0.68% to 109.66, driven by strong employment data and inflation expectations[34]