经济基本面与贸易环境的变化进一步夯实了瑞郎的支撑。瑞士经济展现出分化韧性，2025年三季度GDP 虽受制药行业拖累收缩，但制造业和服务业的增长形成有效对冲，央行预计全年增速略低于1.5%。更 关键的是，2025年11月美瑞贸易协议生效，美国对瑞士商品关税从39%大幅降至15%，显著缓解了瑞士 的出口压力，为瑞郎基本面注入强心剂。同时，瑞士2025年12月KOF经济领先指标升至103.4，创下自 2024年9月以来的最高水平，超出市场预期，反映出制造业与建筑业表现强劲，预示瑞士经济在2026年 初前景向好，进一步强化了瑞郎的吸引力。而美元端则受广谱弱势拖累，2025年美元指数累计下跌约 9%，兑十国集团货币普遍走弱，叠加美国双赤字与高估值问题未得到根本解决，构成了美元的结构性 压制。 展望后续，市场需重点关注三大核心线索：一是美联储政策动向，包括1月议息会议结果、会议纪要释 放的政策信号以及延后发布的非农就业报告，这些将直接影响市场对降息节奏的预期，进而重塑美瑞利 差格局；二是瑞士通胀数据与央行表态，若通缩压力上升引发降息预期，可能改变瑞郎的短期走势；三 是全球避险情绪与美瑞贸易协议执行进展，突发风险事件或政策 ...

Group 1 - The USD/CAD exchange rate is experiencing a narrow fluctuation around 1.37, influenced by central bank policy divergence, oil price volatility, and market liquidity changes [1][2] - The Federal Reserve has cut interest rates by 75 basis points in 2025, with a target range of 3.50%-3.75%, while market expectations suggest a continuation of the easing cycle [1] - The Canadian central bank maintains a neutral to hawkish stance, with a current benchmark rate of 2.25%, supporting the Canadian dollar [2] Group 2 - The Canadian economy shows resilience with a GDP growth of 2.6% in Q3 2025 and a declining unemployment rate of 6.5%, reinforcing the central bank's policy stance [2] - The Canadian dollar is closely linked to oil prices, with recent WTI crude oil prices rebounding to $57.20 per barrel, influenced by geopolitical tensions [2] - Technical analysis indicates that the USD/CAD pair is in a downward channel, with key support at 1.3640 and resistance at 1.3720-1.3750, suggesting potential further declines [3] Group 3 - Future exchange rate movements will depend on three core variables: the pace of Federal Reserve rate cuts, the timing of any policy shifts from the Bank of Canada, and the recovery strength of oil prices [3] - Some institutions are bullish on the Canadian dollar, predicting it could rise to 77 cents against the USD in 2026, but caution against potential risks from policy expectation adjustments and geopolitical tensions [3]

Core Viewpoint - The gold market experienced significant fluctuations due to geopolitical tensions and changing monetary policy expectations, with current prices showing a strong upward trend. Group 1: Market Movements - As of January 5, the latest price for London gold is $4,393.20 per ounce, reflecting an increase of $65.21 or 1.51% from the previous trading day [1] - The opening price for the day was $4,331.59 per ounce, with a daily high of $4,419.54 and a low of $4,331.59 [1] Group 2: Geopolitical and Economic Influences - The U.S. military operation in Venezuela, which resulted in the capture of the president, triggered strong risk-averse sentiment, causing gold prices to spike with a daily fluctuation exceeding $90 [2] - Market expectations for the Federal Reserve's interest rate policy are evolving, with predictions of 2-3 rate cuts in 2026 totaling 50-75 basis points, while maintaining an 85.1% probability of no rate change in January [2] - The ongoing increase in gold purchases by global central banks, particularly the People's Bank of China, which has increased its holdings for 13 consecutive months, continues to support gold prices in the long term [2] Group 3: Technical Analysis - In the early Asian trading session, London gold opened at $4,372.10 and quickly surpassed the key level of $4,390, reaching a high of $4,395.82 before consolidating in a narrow range [3] - The 4-hour chart indicates a bullish trend, with prices above the 5-day moving average of $4,370 and the 10-day moving average of $4,355, suggesting a recovery in upward momentum [3] - The daily chart shows a W-shaped bottom formation, with support around $4,300 and a neckline between $4,380 and $4,390, indicating a generally bullish technical outlook [3]

打开APP，查看更多高清行情》 金投白银网(http://ag.cngold.org)为您提供最新白银期货价格、白银期货合约、白银期货交易以及白银期 货走势，更多白银期货行情敬请关注：白银期货专栏 备注：以上白银的价格仅供参考，请以官方报价为准。如对白银投资有疑问可咨询本站客服。 金投白银网提供今日白银期货价格走势_今天白银期货价格走势（2026年1月5日） 今日白银期货价格查询（2026年1月5日） | 名称 | 最新价 | 最高价 | 最低价 | 昨收价 | | --- | --- | --- | --- | --- | | 沪银主力 | 18227.00 | 18399.00 | 18098.00 | 17074.00 | ...

周日(1月4日)因假期休市，2026年首个交易日，贵金属盘初集体走高，延续了自1979年以来的最佳年度 表现。现货白银价格盘中一度突破74美元/盎司，收报72.62美元/盎司。2025年现货白银全年累涨超 147%，2026年白银的走势可能将继续受到宏观经济环境、货币政策以及市场情绪等因素的影响。 【要闻聚焦】 【机构预测】 白银，2025年超级大牛市，年尾史诗级暴跌后，强势逼空行情被终结。周一白银单日暴跌13美元以上， 周二反弹周三被打压，周五则低位震荡，周线长上影大阴线。 本周剧烈波动后，预计下周多空大战还要上演。重点支撑还是70美元大关，之上看多空拉锯；短期第一 阻力调整为75-74.5，重点阻力由80-80.5下移至78美元区域。理论上70美元，应该不是84下跌的低点， 看好0.618(66-67美元)和0.5(62-61美元)位置布局中长线多单；目标突破84美元，剑指100美元以上。 保持在短期均线之上将使上行目标保持关注，并可能为接近80.00美元的上升通道上边界的阻力打开一 条路径。突破通道将帮助银价接近85.87美元的历史高点，该高点于12月29日创下。 晚间交易提醒： 今日暂无重要数据 20 ...

Group 1: International Gold Market - The current trading price of international gold is around 4419.54 CNY per gram, with a latest report of 4402.91 CNY per gram, reflecting a 1.69% increase, and a trading range between 4331.59 CNY and 4419.54 CNY [1] - The short-term outlook for international gold appears bullish, indicating potential upward movement in prices [1] Group 2: U.S. Economic Outlook - David Rosenberg warns of significant challenges for the U.S. economy by 2026, predicting a substantial contraction in the job market that could weaken overall economic vitality [2] - The unemployment rate in the U.S. has risen from 4% in early 2025 to 4.6% by November of the same year, with expectations that it may exceed 5% and potentially reach 6% by year-end [2] - The Federal Reserve acknowledges the risks in the labor market and the potential for economic slowdown, which may lead to a more aggressive monetary policy response [2] Group 3: Inflation Expectations - Rosenberg expresses optimism regarding inflation, suggesting that the impact of tariffs from the Trump administration and declining housing prices may alleviate price pressures [3] - He anticipates that both overall inflation and core price increases will fall to or below the Federal Reserve's 2% target within the next year [3] Group 4: Technical Analysis of Gold Prices - Gold prices are currently in a consolidation phase after a previous decline, trading within a range of 4350 to 4400 CNY per gram [4] - The support level is identified around 4350/4365 CNY, while resistance is noted at 4400-4402 CNY, indicating potential selling pressure in the short term [4] - The MACD indicator shows limited momentum recovery, while the RSI has risen above 50, suggesting a slight improvement in bullish sentiment, though strength remains insufficient [4]

马杜罗被推翻后，外界猜测特朗普或借武力实现其他领土野心。马杜罗被捕后不久，白宫高级助手斯蒂 芬.米勒的妻子凯蒂.米勒在社交平台发布美国国旗覆盖格陵兰岛的地图，配文"很快"。 摘要今日周一(1月5日)亚盘时段，现货黄金目前交投于993.22元/克附近，截至发稿，现货黄金最新报 989.29元/克，涨幅1.03%，最高上探至4383.88元/克，最低触及4336.91元/克。目前来看，现货黄金短线 偏向看涨走势。 今日周一(1月5日)亚盘时段，现货黄金目前交投于993.22元/克附近，截至发稿，现货黄金最新报989.29 元/克，涨幅1.03%，最高上探至4383.88元/克，最低触及4336.91元/克。目前来看，现货黄金短线偏向看 涨走势。 【要闻速递】 丹麦首相梅特.弗雷泽里克森近日警告美国总统特朗普，要求其停止威胁获取格陵兰岛。此时距美国对 委内瑞拉采取军事行动、抓获总统马杜罗仅过去一天。 弗雷泽里克森在周日声明中强调，丹麦王国及格陵兰岛均为北约成员，受该联盟安全保障覆盖。她指 出，丹麦与美国已签署防务协议，赋予美国在格陵兰岛的广泛准入权，因此"强烈敦促美国停止对历史 上亲密盟友及其他国家、人民的威胁—— ...

Core Insights - Silver has led the precious metals market with nearly a 150% increase in 2025, while platinum and palladium have also seen significant gains of over 126% and approximately 80% respectively, yet platinum group metals (PGMs) still lag behind the broader precious metals sector [1] - Analysts suggest that investors should broaden their focus to include platinum and potential palladium in 2026 due to tightening supply conditions and resilient demand expected to support prices throughout the year [1] - Approximately 80% of platinum and palladium demand comes from the automotive industry for catalytic converters, but the acceleration of electric vehicle (EV) adoption has posed long-term headwinds; however, with a moderate adjustment in EV growth expectations, demand for internal combustion engine vehicles remains strong in regions like the U.S., providing ongoing support for PGM demand [1] Supply and Demand Dynamics - Platinum plays a significant role in glass manufacturing and the electronics industry, with demand expected to remain robust; however, there are concerns about whether supply can keep pace, as the World Platinum Investment Council indicates that the market may trend towards balance after three consecutive years of shortages [1] - The critical issue lies in the extremely low global inventories, with current above-ground platinum stocks able to meet only about five months of demand, making it difficult for inventories to rebuild significantly, leading to continued tightness in the physical market and elevated premiums [1] Structural Supply Constraints - Structural supply limitations are a long-term issue, with over a decade of underinvestment restricting long-term output, while geopolitical factors exacerbate strategic competition; the U.S. Geological Survey has classified platinum and palladium as critical metals as of November last year [2] - Analysts indicate that the global shift towards a "wartime economy" will incentivize the stockpiling of critical minerals, and the transition from "just-in-time" production to "just-in-case" inventory models will continue to hinder the recovery of global inventories, intensifying market tightness [2] Price Outlook and Risks - Market outlook for platinum prices in 2026 shows divergence, with bullish views predicting platinum could reach $2,000 per ounce, averaging around $1,800 in the second half of the year due to structural shortages potentially driving prices higher [3] - A major risk is that if the U.S. does not impose tariffs on platinum group metals, it could lead to increased inflows of platinum and palladium into the U.S. market, raising exchange inventories and altering the supply-demand balance, potentially shifting the market from shortage to slight surplus [3] - Cautious perspectives suggest that if platinum and palladium enter a state of oversupply, industrial consumers may not need to rely on investor sell-offs to acquire metals, reducing demand pressure in the spot market, particularly as palladium is expected to remain in considerable surplus starting next year [3]

Group 1: Precious Metals Performance - Gold has seen an annual increase of approximately 64%, marking the strongest performance in recent years and the largest annual increase since 1979, setting a 46-year record [1] - Silver has outperformed gold with an annual increase exceeding 147%, achieving the strongest annual performance on record [1] - Platinum has risen over 126%, also setting a record for the largest annual increase, despite a year-end drop of 6% to $2054 [1] - Palladium has increased by more than 75%, marking its best annual performance in 15 years [1] Group 2: U.S. Economic Data and Market Reactions - The U.S. stock market indices have experienced declines, with the Dow down 0.67%, S&P 500 down 1.03%, and Nasdaq down 1.52% [2] - The upcoming week is crucial for economic data releases, including manufacturing, services, job vacancies, and the non-farm payroll report [2][3] - The market anticipates an addition of approximately 55,000 jobs, with an unemployment rate holding steady at 4.6% [3] - A moderate decline in job growth could provide the Federal Reserve with reasons to continue lowering interest rates, positively impacting the stock market [3] - The current market and Federal Reserve appear to be at odds, with the market betting on two rate cuts in 2026, while the Fed's projections suggest only one [3][4] Group 3: Geopolitical Events and Oil Market Impact - The U.S. has launched a military operation in Venezuela, resulting in significant casualties and political unrest [5] - Despite the geopolitical tensions, the immediate impact on global oil markets is expected to be limited, as Venezuela's oil production is currently low [6] - Key oil infrastructure in Venezuela remains operational, reducing the risk of substantial supply disruptions in the short term [6] Group 4: Future Outlook for Gold - The ongoing geopolitical and economic uncertainties are likely to continue influencing the gold market [8] - If economic growth slows and interest rates decline further, gold prices may experience moderate increases [8] - Conversely, if U.S. policies lead to accelerated economic growth and reduced geopolitical risks, this could exert downward pressure on gold prices [8]

Group 1 - The Shanghai Futures Exchange will officially launch platinum futures trading on November 27, 2025 [1][3] - The first batch of contracts includes PT2606, PT2608, and PT2610 [1][3] - Trading hours will be Monday to Friday from 9:00 to 10:15, 10:30 to 11:30, and 13:30 to 15:00 [1][3] Group 2 - Platinum options contracts will be listed on November 28, 2025 [1][3]