金晟富：1.1黄金2025完美收官！祝大家元旦快乐

Core Viewpoint - The precious metals market, particularly gold, has experienced a significant bull market in 2025, with gold prices achieving a remarkable 64% increase, the highest annual gain in nearly 46 years. However, the outlook for 2026 suggests potential volatility and challenges due to increased short-selling and profit-taking pressures [1][2]. Group 1: Market Performance - Gold prices closed at $4318.67 per ounce at the end of 2025, with a notable drop of 0.6% on the last trading day [1]. - Silver prices fell by 6.7% to $71.36, while platinum and palladium also saw significant declines of 8.7% and other pressures [1]. - The overall strong performance of precious metals in 2025 was driven by multiple factors, including the Federal Reserve's interest rate cuts, geopolitical tensions, and substantial inflows into ETFs [1][2]. Group 2: Future Outlook - Analysts predict that gold could reach $5000 per ounce and silver may challenge $100 in 2026, supported by ongoing structural supply shortages and robust industrial demand [1]. - The expectation of 2-3 interest rate cuts by the Federal Reserve in 2026 could sustain the upward trend in gold prices, although potential selling pressure from retail investors and reduced central bank purchases could pose challenges [2]. - The market is currently in a correction phase, which is seen as a healthy adjustment before potential further gains in 2026 [2]. Group 3: Technical Analysis - Short-term technical indicators for gold show a downward trend, with significant support around the $4300-$4280 range and resistance at $4375-$4380 [3][5]. - The market is advised to adopt a cautious approach, focusing on buying on dips while being aware of potential selling pressures [5].