市场仍押注美联储12月降息 贵金属窄幅震荡

Core Viewpoint - The market is cautious ahead of the Federal Reserve's interest rate decision, with silver prices experiencing narrow fluctuations due to a stable dollar and rising U.S. Treasury yields, while geopolitical risks continue to support safe-haven buying [1][2]. Group 1: Market Sentiment and Economic Indicators - The market widely expects the Federal Reserve to lower interest rates in its final meeting of the year, potentially bringing the target range down to 3.50%-3.75% [2]. - Recent inflation indicators show a slowdown in the disinflation process, and mixed signals from the labor market have led investors to adopt a cautious stance regarding monetary easing before 2026 [2]. - Data on U.S. household spending and inflation, particularly the preferred Personal Consumption Expenditures (PCE) index, indicate a weakening disinflation momentum [2]. Group 2: Precious Metals Analysis - Silver maintains a long-term bullish trend, but short-term movements are characterized by upward corrections followed by declines, with key support levels at 54-55 [3]. - Platinum prices are stable, with traders closely monitoring the dollar for new trading catalysts, needing to hold above the critical support area of 1620-1630 to build short-term upward momentum [3]. - The overall sentiment in the precious metals market is cautious, with investors focusing on monetary policy signals and macroeconomic data for guidance [1][2].