白银飙涨登“新王” 黄金震荡候FOMC定调

Core Viewpoint - The market is cautious ahead of the Federal Reserve's interest rate decision, with silver prices experiencing narrow fluctuations while geopolitical risks continue to support safe-haven buying [1] Group 1: Precious Metals Market Overview - Silver prices surged to $60.47, while gold traded at $4,217 per ounce, with the gold-silver ratio dropping below 70 for the first time in 53 months [1] - London silver prices reached a new high of $61.3, with a year-to-date increase exceeding 110%, significantly outperforming gold [1] - Platinum prices are testing the important level of $1,700 amid increased overall demand for precious metals [1] Group 2: Central Bank Behavior and Economic Factors - Central banks are increasing gold reserves primarily due to its function as a store of value, despite some reduction in purchases from major buyers like China [2] - Geopolitical tensions and economic uncertainty continue to support the gold market, with no significant price pullback expected in the short term [2] - Citigroup predicts that under favorable conditions such as Federal Reserve rate cuts, silver prices could reach $62 per ounce by March next year [2] Group 3: Technical Analysis - For gold, short-term support is at $4,201, with strong support at $4,189, while resistance is noted at $4,220 and $4,265 [3] - Silver is expected to rise further, with the next key resistance at $61.00; however, a bearish divergence is noted [3] - Platinum may gain momentum if prices rise above $1,700, potentially moving towards resistance levels of $1,740 to $1,750 [3]