美元走弱将利好金价，但国内个人炒金加速退场

Core Viewpoint - International precious metal futures have generally risen, with COMEX gold futures up 0.14% to $4,334.30 per ounce and COMEX silver futures up 3.42% to $64.13 per ounce, driven by optimistic economic outlooks from Federal Reserve officials and expectations of declining inflation next year [3][7]. Group 1: Gold Market - Analysts predict that 2025 will be a record year for gold, with prices frequently hitting historical highs, recently reaching $4,330 per ounce, just shy of October's peak [3][7]. - Gold prices have shown volatility, influenced by economic forecasts and market sentiment [3][7]. Group 2: Silver Market - Silver has also performed strongly, with recent spot prices exceeding $64 per ounce before retreating to $61, marking a significant increase compared to historical highs of $50 per ounce in 1980 and 2011 [4][8]. - The potential for further gains in gold and silver prices is linked to a weakening US dollar, which could continue to favor precious metals [9]. Group 3: Market Dynamics - Domestic retail investors are withdrawing from gold trading, as evidenced by the Industrial and Commercial Bank of China announcing the closure of services for clients with no positions, inventory, or debts starting December 19 [9]. - Clients with remaining balances in margin accounts will have their funds transferred to linked settlement accounts [9].