Baiyin Nonferrous(SH:601212) 21世纪经济报道·2025-12-01 02:07Core Viewpoint - The precious metals sector is experiencing significant price increases, with silver and gold reaching historical highs due to rising expectations of a Federal Reserve interest rate cut in December, leading to a decline in the US dollar index and a surge in precious metal prices [1][5]. Precious Metals Market - As of December 1, spot silver has reached a historic high of $57 per ounce, with a year-to-date increase of over 98%. COMEX silver has also surpassed $58 per ounce, while SHFE silver has risen over 6% [1]. - Gold prices are also on the rise, with New York futures gold breaking through $4260 per ounce and spot gold reaching $4228 per ounce [1][2]. Cryptocurrency Market - Bitcoin has dropped to around $87,312, with a decline of over 4% in the day, while Ethereum has fallen to approximately $2,847, down over 5% [2][3]. - In the last 24 hours, a total of 180,325 individuals have been liquidated in the cryptocurrency market, with a total liquidation amount of $537 million [3][4]. Market Sentiment and Economic Indicators - The market is currently pricing in an 80% probability of a 25 basis point rate cut by the Federal Reserve in December, as indicated by CME Federal Funds futures [5]. - The focus is shifting to the upcoming release of the US September Personal Consumption Expenditures (PCE) price index report, which is a key inflation indicator for the Federal Reserve [5].