Group 1 - Precious metals have experienced a historic rally at the end of the year, driven by escalating geopolitical tensions, a weakening dollar, and low market liquidity [1] - Gold prices reached over $4,540 per ounce, silver surged over 10% to surpass $79 per ounce, and platinum hit a record high of over $2,400 per ounce [1] - Analysts highlight that safe-haven demand is a significant driver of the current price increases, with the low liquidity at year-end amplifying price volatility [1] Group 2 - Precious metals have shown "epic performance" this year, with gold up approximately 70% and silver over 150%, potentially marking the best annual performance since 1979 [2] - Factors contributing to this surge include continuous purchases by central banks, inflows into exchange-traded funds (ETFs), and three interest rate cuts by the Federal Reserve this year [2] - The largest precious metals ETF, SPDR Gold Trust, has seen its gold holdings increase by over 20% this year, playing a crucial role in driving gold prices to new highs [2] Group 3 - Silver's price increase has been particularly intense, driven by a supply mismatch and continued inflow of speculative funds following a historic "short squeeze" in October [3] - The concentration of silver inventory in New York and ongoing investigations into the national security risks of key mineral imports are closely monitored by traders [3] - Platinum prices have risen over 40% this month, with strong physical demand and a projected global supply deficit for the third consecutive year, primarily due to disruptions in South Africa [3]
涨!涨!涨!地缘风险叠加美元走弱,贵金属年末狂飙,黄金、白银、铂金齐创历史新高
Zhi Tong Cai Jing·2025-12-27 00:28