时报观察 | 贵金属狂飙背后的冷思考

Group 1 - The CME Group announced an increase in margin requirements for metal futures, including gold, silver, platinum, and lithium, effective after the market close on Monday [1] - Gold futures margin was raised by 10%, silver by approximately 13.6%, and platinum by about 23%, leading to a decline in international metal futures prices [1] - The increase in margin requirements is expected to significantly raise the cost of speculative trading in the market, following a month where silver and platinum futures saw maximum increases exceeding 40% [1] Group 2 - Since 2018, the world has been undergoing a de-dollarization process, with a structural reorganization of currency accelerating, as debt holders seek to exchange their dollar-denominated debts for other forms of wealth storage [2] - The surge in prices of precious metals and copper reflects not only a competition for upstream raw materials but also a growing fear regarding the diminishing anchor of the dollar [2] - The future global monetary system is expected to diversify, giving rise to a new monetary order, although achieving this vision will not be immediate and may present investment challenges [2]