金银拉升，现货黄金突破4200美元/盎司

Group 1 - The core viewpoint of the article highlights the rising prices of gold and silver, with gold stabilizing above $4200 and silver increasing by 0.43% to $58.544 per ounce [2] - As of the end of November, China's gold reserves reached 74.12 million ounces (approximately 2305.39 tons), marking a month-on-month increase of 30,000 ounces (about 0.93 tons), continuing a trend of 13 consecutive months of gold accumulation by the central bank [2] - According to a recent report by China International Capital Corporation (CICC), central bank purchases are a major source of demand for gold in recent years, although some central banks may reduce their gold holdings in the short term due to rising gold prices [2] Group 2 - The World Gold Council's outlook for 2026 suggests that gold prices could rise by 15% to 30% due to factors such as declining U.S. Treasury yields, escalating geopolitical tensions, and increased risk aversion [2] - Conversely, if "re-inflation returns," gold prices may face a correction pressure of 5% to 20% [2] - Experts indicate a strong probability of a bullish trend for gold in the medium to long term, suggesting that short-term adjustments present a buying opportunity, while cautioning investors to be wary of high volatility at elevated price levels [2] Group 3 - The upcoming week is significant for central banks, with the Federal Reserve set to announce its December interest rate decision on December 11, with over an 86% probability of a 25 basis point rate cut expected [3] - This decision is crucial not only for the year-end performance of U.S. risk assets but also for providing key guidance on the Fed's rate-cutting path for 2026 and global central bank policies [3] - Other central banks, including those of Canada, Australia, Switzerland, Brazil, Ukraine, and Turkey, will also announce their interest rate decisions this week [3]