年末贵金属行情火热，黄金、白银齐创新高

Core Insights - Precious metals market is experiencing significant price increases, with gold, silver, and platinum reaching new historical highs as of December 26 [1][3] Price Movements - International gold and silver prices rose by 1.11% and 7.69% respectively, with gold futures reaching $4552.7 per ounce and silver futures climbing to $77.196 per ounce [3] - Platinum futures surged past $2400 per ounce for the first time, with a weekly increase exceeding 22%, while palladium prices rose approximately 13% to $2023.3 per ounce, marking a three-year high [3] Market Trends - Silver has entered an accelerated upward phase, with a monthly increase of over 40% since late November and an annual increase approaching 150% [3] - The correlation between silver and other metals like platinum, palladium, and copper has intensified, driven by liquidity and cyclical factors [3] Future Outlook - Multiple international financial institutions predict that gold prices could reach $5000 per ounce by 2026, supported by central bank purchases and expectations of Federal Reserve easing [4] - For silver, increasing photovoltaic demand and low visible inventories are expected to support prices, although potential pressure from technological substitutes should be monitored [4] - The copper futures market also saw a rise of over 4% on December 26, with optimistic macroeconomic conditions and tightening supply leading to an upward revision of the 2026 copper price target to 120,000 yuan per ton [4]