Core Viewpoint - The New York precious metals futures prices continue to rise, particularly silver, which surged over 2% due to a short squeeze effect, reaching a new historical high [1] Group 1: Precious Metals Market Dynamics - As of December 1, 2023, the February 2026 gold futures price increased by $8.6, closing at $4,265 per ounce, with a rise of 0.20% [1] - The expectation of further interest rate cuts by the Federal Reserve in December and concerns over a slowing U.S. economy have pressured the dollar index, contributing to the strength of precious metals [1] - The market perceives an 87% probability of a rate cut in December, significantly influencing the recent surge in gold and silver prices [1] Group 2: Economic Indicators Impacting the Dollar - The U.S. manufacturing PMI fell from 48.7 in October to 48.2 in November, below market expectations, indicating economic activity weakness [2] - The dollar index decreased by 0.03% to 99.415, reflecting the impact of the weak economic data [2] - Concerns regarding the independence of the Federal Reserve have also supported the rise in precious metals [2] Group 3: Silver Market Specifics - Strong investment demand has tightened the supply of silver, with ETF holdings increasing by 9.5 million ounces last week [3] - COMEX silver inventories have dropped to an eight-month low, indicating a significant supply crunch [3] - On December 1, the March 2026 silver futures price rose by $1.365, closing at $58.450 per ounce, with an intraday high of $59.435 [3]
【环球财经】纽约金价1日温和走高 银价续涨超2%刷新历史新高至59美元上方
Xin Hua Cai Jing·2025-12-02 03:01