黄金白银双双跳水！贵金属再次下跌，美联储纪要成下一个关键

Group 1 - The global financial market is experiencing a complex scenario as it approaches the last trading week of 2025, with gold and silver prices significantly retreating from record highs while global stock markets enter a calm "holiday mode" after reaching historical peaks [1][3] - Gold prices peaked at $4,550 per ounce, and silver surged approximately 150% to a high of $84 during the year, driven by expectations of Federal Reserve rate cuts, a weaker dollar, and geopolitical risks [1][3] - Recent pullbacks in gold to around $4,360 and silver to approximately $74.50 are interpreted as healthy profit-taking, suggesting a correction that removes excessive speculation and sets a healthier outlook for future market trends [3][5] Group 2 - Global stock markets have shown relative calm despite significant gains in 2025, with the Seoul Composite Index rising over 75% and the Nikkei 225 increasing by over 26%, while Asian markets exhibit mixed performance on the last trading day [5][6] - The key drivers for the stock market's performance, particularly in technology stocks, include the Federal Reserve's rate cuts in the latter half of the year and substantial investments in artificial intelligence, although concerns about a "tech bubble" persist [5][6] - The oil market is influenced by geopolitical dynamics, with international oil prices rising over 2% due to renewed hopes for peace talks in Ukraine, while the cryptocurrency market, particularly Bitcoin, is adjusting after reaching a high of $126,000, now hovering below $90,000, indicating a shift towards rational investor sentiment [6][7] Group 3 - The overall sentiment in the global market during the end of 2025 is characterized by a phase of "weighing" and "waiting," with technical corrections in precious metals, a calm stock market, and expectations in the oil market, all contributing to the trading mindset [7] - Investors are looking forward to the upcoming Federal Reserve's December meeting minutes for clues on potential rate cuts in January 2026, which could serve as a significant indicator for the market's direction in the new year [7]