来源：老黄说交易 今天黄金怎么看？ 老规矩先给各位老表，汇报一下目前的实时金价，国际黄金4153，沪金（2602）964.4，黄金（T+D)941.4,离岸人民币汇率7.0737。 原因是小时级别突破前高来到4173后，有明显背离。 加上昨天美国公布的当周初请失业金人数，好于预期，利空黄金，黄金乘势回落4136附近。 美盘开始后，强势止跌，快速拉回，看动能4173突破的概率高，但是昨晚却没有突破，形成小时级别双顶。 昨天早盘黄金表现强势，欧盘小幅回落，美盘宽幅震荡。 昨天看好黄金中阳上涨，完美验证。 不过，我们提到的加速上涨并没有到来。 那么今天4173想要突破难度就很大了，4173破不了，今天出阴的概率大。 -另外今天是感恩节，周四周五晚上3：30会提前休市。 -暂时先看黄金在4110-4173区域延续震荡。 今日思路 特别声明：以上内容仅代表作者本人的观点或立场，不代表新浪财经头条的观点或立场。如因作品内容、版权或其他问题需要与新浪财经头条联 系的，请于上述内容发布后的30天内进行。 黄金昨天小幅上涨，日线收短阳，形成两阳夹一阴的多方炮，MACD金叉，黄金etf增持4.57T，今天能上破站稳4173，有望 ...

Core Insights - The current spot gold price is reported at $4152.88 per ounce, with a daily increase of 0.56% [2] - COMEX gold is trading at $4188.00 per ounce, also reflecting a daily rise of 0.55% [2] - The largest gold ETF, SPDR Gold Trust, holds 1040.86 tons of gold, unchanged from the previous trading day [4] Price Analysis - Domestic gold jewelry brands have set the following prices: - Chow Tai Fook: 1312 CNY/g for gold, 624 CNY/g for platinum [6] - Lao Feng Xiang: 1315 CNY/g for gold, 600 CNY/g for platinum [6] - Chow Sang Sang: 1316 CNY/g for gold, 624 CNY/g for platinum [6] - Luk Fook: 1310 CNY/g for gold, 624 CNY/g for platinum [6] - Lao Miao: 1315 CNY/g for gold, 600 CNY/g for platinum [6] - Jin Zun: 1310 CNY/g for gold, 624 CNY/g for platinum [7] - Cai Bai: 1280 CNY/g for gold, 540 CNY/g for platinum [7] Technical Analysis - The 15-minute MACD, KDJ, and RSI indicators for spot gold are showing bearish signals [3] - The 1-hour MACD indicates a bullish signal, while KDJ and RSI are still bearish [3] Inventory Data - COMEX gold inventory stands at 1137.49 tons, down by 0.08 tons from the previous day [5]

Group 1: Domestic Gold Prices - Domestic gold prices have surged, with overall prices surpassing 1300 yuan per gram, marking a significant increase in the market [1] - The highest price among major brands is from Zhou Sheng Sheng, which increased by 22 yuan per gram to 1315 yuan per gram, tied with Lao Miao and Lao Feng Xiang [1] - The price difference between the highest and lowest gold prices in stores has widened to 93 yuan per gram, indicating a growing disparity in pricing among brands [1] Group 2: Gold Recovery Prices - The gold recovery price has increased by 16.8 yuan per gram, reflecting a rising trend in the market [2] - Different brands show significant variation in recovery prices, with the highest recovery price at 933 yuan per gram [2] Group 3: International Gold Prices - International spot gold prices have seen a substantial rise, reaching a peak of 4139.75 USD per ounce, with a closing price of 4134.63 USD per ounce, reflecting a 1.72% increase [4] - The current spot gold price is reported at 4145.45 USD per ounce, with a further increase of 0.29% [4] - The rise in gold prices is attributed to dovish comments from the Federal Reserve, which have heightened market expectations for a rate cut in December, now at 80.9% [4] - Ongoing geopolitical tensions, particularly in Ukraine, continue to support gold prices, as recent airstrikes have escalated concerns [4]

【环球网财经综合报道】北京时间11月25日凌晨，国际贵金属期货普遍收涨，COMEX黄金期货涨1.33%报4133.8美元/ 盎司，COMEX白银期货涨2.49%报51.155美元/盎司。有分析人士称，美联储部分官员支持12月降息，增强市场对政策 放松预期，对黄金价格构成支撑。 《联合早报》近日发文称，现货黄金上周在4000美元至4130美元区间反复拉扯，多次冲高失利后出现急跌。市场对美 联储12月再次降息的预期显著降温，而这一预期的变化成为促使资金从黄金等无收益资产中撤出的关键因素。 凤凰期货及期权公司总裁格雷迪（Kevin Grady）认为，市场高度关注利率走向。"一切都取决于利率。大家都在等美 联储12月的动作。每当美联储官员讲话，市场就随之波动。"他还强调，黄金的上涨趋势未结束，"标普今年涨12%， 黄金涨50%，黄金股涨125%……金价未来还会更高。" 根据最新的Kitco黄金调查，参与调查的13名分析师中，仅两人预计本周金价上涨，四人预计下跌，七人预计横盘。 Adrian Day资产管理公司总裁阿德里安（Adrian Day）则持较中立看法，认为金价可能还需要更多时间才能发起持续上 涨，但美联储下个 ...

Group 1 - Gold prices are weakening and are expected to record a weekly decline due to a stronger-than-expected U.S. employment report, reinforcing market expectations that the Federal Reserve will maintain interest rates in December [1] - As of the report, spot gold has decreased by 0.3% to $4,059.86 per ounce, with a cumulative decline of approximately 1% for the week [1] - The mixed U.S. employment report has diminished hopes for a rate cut in December, leading gold to continue its downward trend [1] Group 2 - New York Fed President John Williams indicated that there is still a possibility of a rate cut "in the near term," which has significantly raised market expectations for a December rate cut [2] - The U.S. non-farm payroll data released showed an increase of 119,000 jobs in September, far exceeding the expected 50,000 [3] - The unemployment rate rose slightly from 4.3% to 4.4%, but remains within the Federal Reserve's expected range [3] Group 3 - The latest analysis suggests that gold prices are attempting to regain momentum, with traders needing to push prices above the $4,100 mark for a potential rally [4] - If gold surpasses $4,100, the next target will be $4,150, followed by testing the previous cycle high of $4,245 set on November 13 [4] - Should gold fail to hold above $4,100, it may decline to $4,050 and subsequently test the support level at the 50-day simple moving average of $3,981 [4]

Core Viewpoint - The article discusses the recent fluctuations in gold prices, emphasizing the importance of economic data and Federal Reserve policies in determining future trends in the gold market [1][2][5]. Group 1: Gold Price Trends - As of the end of the week, spot gold closed at $4,064.90 per ounce, down $12.41 or 0.31% for the day and down $20.21 or 0.49% for the week [1]. - Gold prices are currently facing downward pressure, with a strong support level at $4,000 per ounce and initial resistance at $4,100 [1][2]. - The market is experiencing increased volatility, with gold prices showing a "roller coaster" pattern, briefly dipping below $4,000 before rebounding [3]. Group 2: Economic Indicators and Federal Reserve Policies - The market perceives a greater than 70% chance of a rate cut next month, but economists suggest a more uncertain outlook [2]. - Recent employment data indicates a trend of job cuts, with an average of 2,500 employees laid off weekly in the private sector [2]. - The Federal Reserve's October meeting minutes suggest a preference for maintaining current interest rates, with concerns that further cuts could risk inflation [2]. Group 3: Technical Analysis and Future Outlook - Technical analysis indicates that gold prices are in a phase of adjustment after reaching a historical high of $4,381, with a potential for further declines if key support levels are breached [3][5]. - The upcoming week is expected to see gold prices oscillating between $4,000 and $4,100, influenced by Federal Reserve signals and geopolitical tensions [5]. - Strategies for trading gold include short positions around $4,100 and long positions near $4,000, with specific stop-loss measures recommended [5].

Core Viewpoint - The Shanghai Gold Exchange has issued a notice emphasizing the need for risk control measures in light of recent market volatility, urging member units to maintain market stability and protect investors' rights [1] Group 1: Market Conditions - The gold price has seen significant fluctuations this year, with a recent peak of $4,100 per ounce followed by a drop to $3,900 per ounce [1] - Domestic gold jewelry prices have also been affected, with a notable drop of 33 yuan per gram recently, but prices have since rebounded [3] Group 2: Price Trends - As of November 20, 2023, the highest price for gold jewelry was reported at 1,305 yuan per gram by Chow Tai Fook, while other brands like Chow Sang Sang and Luk Fook Jewelry were priced around 1,263 to 1,296 yuan per gram [4] - The overall trend indicates a slight recovery in gold jewelry prices after a recent decline, with daily price changes showing increases of approximately 0.47% to 0.77% across various brands [4] Group 3: Future Outlook - Analysts suggest that the market lacks sustainable bullish factors, leading to a short-term outlook of continued high volatility or potential weakness in gold prices [4] - Long-term perspectives indicate that increasing U.S. debt pressure may weaken confidence in the dollar, making gold an attractive hedge, especially with ongoing central bank purchases [5]

Core Viewpoint - Gold prices are experiencing fluctuations, with COMEX gold futures trading around $4032 per ounce, reflecting a downward trend in gold-related products and ETFs, indicating potential market volatility and investor behavior [1][10]. Group 1: Market Performance - As of November 21, gold ETFs, including 华夏, have seen a decline of 0.75%, while gold stock ETFs dropped by 2.9%, and non-ferrous metal ETFs fell by 5.23%, suggesting a broader market sell-off [1]. - The most actively traded December 2025 gold futures on the New York Commodity Exchange closed at $4076.7 per ounce, down by $6.1, marking a decrease of 0.15% [7]. - The trading volume for 华夏黄金ETF reached 76.87 million, with a turnover rate of 7.46% [3]. Group 2: Economic Indicators - The U.S. September employment report showed a non-farm payroll increase of 119,000, significantly above the expected 50,000, which has influenced market expectations regarding U.S. monetary policy [8]. - The unemployment rate slightly increased from 4.3% to 4.4%, indicating mixed signals in the labor market [8]. - The Federal Reserve's recent meeting minutes suggested a hawkish stance, with some officials indicating that maintaining interest rates through 2025 may be appropriate, while others hinted at potential rate cuts if economic conditions align [8]. Group 3: Future Outlook - UBS has raised its mid-term gold price target for 2026 from $4200 to $4500 per ounce, driven by ongoing geopolitical risks and strong demand from central banks and ETF investors [9]. - The Shanghai Gold Exchange has issued a notice to its members to enhance risk control measures due to recent market instability, emphasizing the need for proactive risk management [10][11]. - Analysts from 光大期货 and 瑞达期货 suggest that while short-term gold prices may face challenges, long-term demand for gold as a hedge against dollar weakness remains strong, potentially leading to higher price levels [11].

11:04 黄金ETF持仓报告 公布机构：美国SPDR Gold Trust 当前总持仓 1039.43 吨黄金 截至11月20日，全球最大的黄金ETF SPDR Gold Trust持仓量为1039.43吨，较前一个交易日减少4.29吨。11月20日，现货黄金全天走势动荡，整体呈现冲高 回落行行情，盘中最高曾触及4110.03美元/盎司，最低一度跌至4038.82美元/盎司，收于4077.17美元/盎司，跌0.57美元或0.01%。在金价震荡之际，黄金ETF 持仓减少，总持仓量回到1040吨下方。 基本面消息，在亚市早盘，金价自4100美元上方一度显著回调，并将调整势头延续至欧市早盘，并触及日内低位，分析指出，投资者在美国关键就业数据公 布前继续下调对进一步宽松货币政策的预期。事实上，金价在周三美盘交易阶段也曾上演急跌一幕。 此前美联储会议纪要释放鹰派信号，有多人表示今年适合维持利率不变，再加上美国劳工统计局称10月非农不会公布，进一步打压美联储12月降息预期，从 而抑制了金价走势。 进入美市盘中，美国姗姗来迟的9月非农就业报告显示，9月非农就业人口增加11.9万，显著超预期，但失业率却升至四年来最高的4. ...

Price Adjustments - Several domestic gold jewelry brands have raised their prices for pure gold jewelry, with notable quotes being: Chow Sang Sang at 1307 CNY/gram, Chow Tai Fook at 1305 CNY/gram, and Lao Feng Xiang at 1302 CNY/gram [1][2] International Gold Prices - On November 19, international gold prices saw a significant reversal, with New York's December gold futures reaching 4114.8 USD/ounce, an increase of 1.19%, and London spot gold at 4113.8 USD/ounce, up by 1.15% [2][5] Market Sentiment and Economic Factors - The market sentiment regarding potential interest rate cuts by the Federal Reserve has shifted, with the likelihood of a December rate cut now below 50%, influenced by a lack of economic data due to a government shutdown and concerns over high valuations in tech stocks [5][6] Technical Analysis - Analysts suggest that the next target for December gold futures is to break through the historical high of 4398 USD/ounce, while the short-term bearish target is to fall below the strong support level of 4000 USD/ounce [6] Risk Management - The Shanghai Gold Exchange has issued a notice emphasizing the need for market participants to maintain risk control measures due to recent market instability, advising investors to manage their positions carefully [7]