Core Viewpoint - The recent surge in gold futures prices, reaching a historical high of $4,398 per ounce, indicates extreme volatility in the gold and silver futures market, suggesting that the current bull market may be nearing its end, potentially leading to a period of turbulent trading [1] Group 1: Commodity Market Dynamics - The number of bulk commodity transport ships waiting to dock at Chinese ports has reached its highest level of the year due to geopolitical tensions between the US and China, with an average waiting time of 2.66 days as of October 19, marking a 17% increase from the previous week [1] - China's status as the largest importer of bulk commodities means that ongoing congestion could disrupt global supply chains, affecting the transportation of liquid goods like crude oil and bulk commodities such as iron ore [1] - The US has initiated measures in the shipping sector, prompting China to impose high additional fees on vessels associated with the US, indicating an escalation in the shipping-related geopolitical struggle [1] Group 2: Gold Futures Market Analysis - Technically, the bulls in December gold futures maintain an overall advantage in the short term, with the next target being to push prices above the key resistance level of the historical high of $4,398 [1] - Conversely, the bears aim to drive futures prices below the critical technical support level of $4,000 [1]
黄金期货4398美元见顶？ 多空博弈进入白热化
Jin Tou Wang·2025-10-22 03:02