华安期货:11月20日黄金白银高位盘整
Sou Hu Cai Jing·2025-11-20 03:40

Core Viewpoint - Precious metals are currently under pressure due to a stronger dollar and changing expectations regarding Federal Reserve policies, but long-term trends such as global central bank gold purchases and potential impacts of U.S. debt issues on dollar credibility continue to support precious metals [1][3]. Group 1: Market Performance - COMEX gold futures rose by 0.29% to $4,078.30 per ounce, while COMEX silver futures increased by 1.08% to $51.07 per ounce [1]. - The platinum market is expected to experience a significant shortage for the third consecutive year, with a projected shortfall of 22 tons, revised down by 5 tons from previous estimates [1]. Group 2: Federal Reserve Insights - The minutes from the Federal Reserve's October policy meeting revealed significant divisions among officials regarding interest rate decisions, with some suggesting that maintaining rates through 2025 may be appropriate, while others indicated that another rate cut in December could be likely if economic performance aligns with expectations [1]. Group 3: Employment Data - The U.S. Bureau of Labor Statistics announced that it will not release the October employment report, indicating that the non-farm employment data will be included in the November report instead [1].