Core Viewpoint - Driven by speculative buying and tightening year-end market liquidity, alongside expectations of further interest rate cuts by the Federal Reserve and escalating geopolitical tensions, the prices of gold, silver, and platinum reached historic highs on Friday [1][5]. Group 1: Gold Market - As of the report, spot gold rose by 0.85% to $4,517.63 per ounce, previously hitting a record high of $4,531.24 per ounce; February futures for gold increased by 0.97% to $4,546.50 per ounce [1]. - The strong performance of gold this year is attributed to the Fed's shift to a loose monetary policy, geopolitical uncertainties, strong central bank gold purchases, increased ETF holdings, and ongoing de-dollarization, resulting in the largest annual gain since 1979 [5]. - Looking ahead to the first half of 2026, gold is projected to potentially reach $5,000 per ounce [5]. Group 2: Silver Market - Spot silver surged by 4.16% to $74.8705 per ounce, briefly surpassing the $75 mark [3]. - Silver has seen a remarkable increase of 158% this year, significantly outpacing gold's nearly 72% rise, driven by structural supply-demand gaps, its designation as a critical mineral in the U.S., and robust industrial demand [5]. Group 3: Platinum and Palladium Markets - Spot platinum rose over 8% to $2,451.25 per ounce, continuing to set historical highs; palladium increased by 5.55% to $1,822.70 per ounce, maintaining its upward trend from the previous trading day [6]. - Platinum's price has surged approximately 165% this year, while palladium has risen over 90%, influenced by supply tightness, tariff uncertainties, and a shift in some gold investment demand [8]. - The recent adjustment of the EU's internal combustion engine ban policy has bolstered platinum's demand outlook, as it is a key material for related technologies [8].
年末流动性、降息周期与地缘风险合力 贵金属上演历史性行情
智通财经网·2025-12-26 09:12