国际银行巨头大力扩张贵金属交易业务

Group 1 - The core viewpoint of the articles highlights the significant increase in gold and silver prices, prompting major international banks to expand their precious metals trading and logistics capabilities to capitalize on the opportunity [1][2] - The international spot gold price surpassed $4500 per ounce on October 24, marking a historic high, and the precious metals trading revenue for 12 leading banks reached approximately $1.4 billion in the first nine months of this year [1] - The year 2025 is projected to be the second most profitable year for gold trading on record, following 2020, indicating a strong market interest in precious metals [1] - Major banks, including Societe Generale, Morgan Stanley, and Mitsui, have expanded their precious metals teams this year, reflecting a renewed interest in the sector [1] - The perception of owning vaults has shifted from being seen as a dull and low-profit business to a lucrative opportunity, with some banks, including Citigroup, considering opening vaults [1] Group 2 - JPMorgan Chase's relocation of its precious metals trading department to Singapore has shocked the industry, indicating a broader shift in international finance where Asian markets are increasingly challenging Western dominance [2] - Gold has significantly outperformed Bitcoin this year, with gold prices rising by 70% in USD terms, while Bitcoin has seen a decline of 6% [2] - The divergence in the performance of gold and Bitcoin became evident in October, when Bitcoin experienced a rapid sell-off and failed to rebound, leading to a loss of over $1 trillion in the entire cryptocurrency market within six weeks [2]