周五受中东冲突升级刺激，避险资金大规模涌入推动沪金主力合约上涨1.72%，报794.36元/克；而沪银受工业属性拖累表现分化，主力合约微跌0.49%，收于8791元/千克，凸显其避险功能弱于黄金的特性。展望后市，白银或于35.8-36.8美元附近区间构成核心震荡带。对于年内黄金价格走势，短期需紧盯伊朗报复行动形式及G7峰会定性两条主线。金价突破3400美元后技术面呈多头排列，该位置构筑强支撑带，若地缘冲突失控可能触发跳涨至3500美元。建议现有多头控制仓位持有，未入场者待回调至3400美元附近加仓，但需警惕伊朗忍气吞声或美伊临时停火协议引发多头踩踏风险。中长期看黄金已进入"战乱定价"模式，历史经验显示中东冲突初期金价涨幅可达8%-15%，叠加美联储政策转向与全球去美元化浪潮，年内突破前高为确定性趋势，央行囤金及机构配置将持续推升金价至未知高度。
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