摘要周二（4月22日）亚市盘中，黄金t+d高位震荡，最新黄金td价格报823.10元/克，涨幅2.94%，因美 国总统特朗普再度威胁美联储独立性，特朗普的关税政策也持续动摇投资者对美国经济的信心，这些因 素导致美元暴跌，并激发避险需求，从而引发黄金大幅上涨。 周二（4月22日）亚市盘中，黄金t+d高位震荡，最新黄金td价格报823.10元/克，涨幅2.94%，因美国总 统特朗普再度威胁美联储独立性，特朗普的关税政策也持续动摇投资者对美国经济的信心，这些因素导 致美元暴跌，并激发避险需求，从而引发黄金大幅上涨。 【要闻速递】 美国谘商会高级经理Justyna Zabinska-La Monica表示："美国3月份经济增长指标表明，未来经济活动将 放缓。""3月份的下跌集中在三个分项指标上，这三个分项指标在关税宣布之前因经济不确定性上升而 走弱：1)消费者预期进一步下降；2)股价创下自2022年9月以来的最大月度跌幅；3)制造业新订单疲软。 尽管如此，数据并不表明衰退已经开始或即将开始。尽管如此，谘商会将美国2025年的GDP增长预测下 调至1.6%，略低于美国经济的潜力。预期增长率放缓反映了贸易战加剧的影响，这 ...

Group 1 - The core driver for the recent increase in gold prices is the continuous weakening of the US dollar index, influenced by President Trump's criticism of Federal Reserve Chairman Powell and hints at potential replacement [3] - Market sentiment remains cautious due to high global economic uncertainty, despite some progress in trade negotiations, leading to sustained inflows of safe-haven funds into gold [3] - The technical analysis indicates a strong upward trend in gold prices, with significant support from moving averages, particularly the 5-day moving average [4][6] Group 2 - Gold has shown a strong performance since April 9, with multiple consecutive days of gains, indicating a robust bullish trend [4] - Recent adjustments in gold prices are viewed as normal technical corrections, not altering the overall upward trajectory [4] - Key resistance levels to watch for gold prices are around 3457/3460, with a potential target of 3500 if these levels are surpassed [4][6] Group 3 - Upcoming economic events include speeches from Federal Reserve officials and the release of the IMF's World Economic Outlook report, which may impact market dynamics [7]

早盘我们来简单的做个解析。首先昨天趋势方面我们强调价格3300上做多看上升，而早间直接开盘暴涨并没有给到回撤机会，直接上前走大规模突破，那 么意味着是否开启了多头的上升？3400难道要直接突破了吗？ 美元持续走弱，黄金迎来新高！ 由于特朗普激进的关税政策和美国经济增长放缓削弱了投资者信心，并威胁到美元长期以来的全球主导地位，美元将大幅下跌。对美国贸易战略和经济放 缓日益增长的担忧，正给美元的强势蒙上阴影，不断恶化的经济指标，加上关税的不断扩大，正在削弱全球对美元的信心。 由于美国总统特朗普正在考虑是否能够解雇美联储主席鲍威尔，周一抛售美元的交易势头增强。 对于今天黄金走势的看法！ 对中美贸易战升级和美联储独立性的担忧将美元推至三年低点。金价恢复创纪录反弹走势，并接近3400美元/盎司。在亚洲假期交易清淡的情况下，美元 兑几乎所有主要货币均走弱。美元普遍走软，避险需求增加，继续预示着传统避险黄金价格的好兆头。 因为在日线节奏当中好不容易出现的回撤直接被打破，按照当前的节奏来说4小时是持续性走阳，那么这种连阳行情当中就会担心有阴线的出来。所以恐 高也是在这不可避免的。只有出现阴线修正之后，可能才会继续看涨，所以早 ...

今日A股市场延续反弹态势，三大指数全线上涨，沪深两市成交额突破万亿大关，达10414亿元，较上 周五显著放量1267亿。其中，创业板指表现最为亮眼，涨幅达1.59%，深证成指紧随其后上涨1.27%， 沪指温和上涨0.45%，收报3291.43点。市场做多氛围明显回暖，赚钱效应显著提升。 货币政策宽松预期升温，市场流动性有望改善 银河证券认为，内外兼顾下，中国货币政策将在二季度从宽松的序曲渐进走向实质性宽松，配合财政政 策协同发力。4月中央政治局会议前后或将迎来降准，5月或6月有望实施降息。政策重心将转向促进经 济增长和充分就业，这将为A股市场注入新的流动性支持。货币政策工具的结构性调整，有望为市场带 来更多增量资金，提振投资者信心。 黄金板块领涨，避险需求持续升温 中信证券研报指出，特朗普关税政策出台引发的流动性危机是此前黄金价格大幅下行的原因。地缘政治 扰动催化全球央行及市场的黄金需求。特朗普政府后续的举动仍有极大不确定性，黄金价格仍可能波动 较大，但特朗普政府对美元体系的信用损伤是不可逆的，这将使得黄金的货币属性加强，价格中枢上 行。中性假设条件下预期2025年年中金价有望达到3337美元/盎司，在乐观和 ...

今日（21日）早间， 黄金价格再度大涨！ 上期所黄金期货主力合约 一举突破800元/克关口， 创历史新高； 现货黄金价格 一度突破3380美元/盎司， 受此影响，A股开盘后，黄金股集体大涨，晓程科技一度冲击20CM涨停，现涨超16%；鹏欣资源、潮 宏基强势涨停，赤峰黄金、西部黄金、湖南黄金、山东黄金、中金黄金、山金国际等跟涨。与此同时， 现货黄金价格一度突破3380美元/盎司，再度刷新历史最高点位，现涨1.56%。 再度刷新历史最高点位。 A股开盘后，黄金股全线大涨， 晓程科技一度冲击20CM涨停， 鹏欣资源强势涨停。 与此同时，上海黄金交易所公告称，近期贵金属价格波动剧烈。请各会员提高风险防范意识，继续做好 风险应急预案，维护市场平稳运行。同时，提示投资者做好风险防范工作，合理控制仓位，理性投资。 4月21日早盘，上期所黄金期货主力合约再度飙涨，一举突破800元/克关口，创历史新高，一度大涨超 2%，今年迄今累计涨超30％。 未来黄金价格会继续上涨吗？ 展望未来，受访人士普遍认为，在当前地缘经济紧张和贸易摩擦加剧的背景下，黄金中长期看涨逻辑依 然存在，国际金价仍有进一步走高的可能。 东方金诚研报显示，从中长 ...

换资前言： 交易看起来确实简单，表面上，它不需要你风吹雨淋、低三下四的应酬，不用溜须拍马，不用拼酒伤 胃，不用忍气吞声，只需要在键盘上，敲动几个按钮"买"、"卖"，一笔生意马上就达成，钱迅速到账， 还不欠账，利润到手，多轻松。可是，等到交易做了一段时间，渐渐发现：市场老跟自己过不去，买了 就跌，卖了就涨，自己成了反向指标，怎么做都亏，怎么努力，怎么拼搏，尝试了各种方法，仍然无法 摆脱亏损的泥潭，发现交易如此之艰难。而这时候，你可能只是缺少一位负责任的老师、一个专业分析 团队为你的投资之路保驾护航，指明方向！下面请看作者金晟富【文末+本人，每日实时分享现价单及 操作策略】为各位投资朋友带来的今日财富机会！ 近期有哪些消息面影响黄金原油走势？后市黄金多空该如何研判？ 周一(4月21日)亚洲交易市场开盘后，受美国总统特朗普言论影响，现货黄金价格应声高开，金价大涨 突破3350美元/盎司，逼近历史新高。与此同时，美元指数跌破99关口，为2022年4月以来首次。现货黄 金目前位于3351美元/盎司，日内大涨近26美元，稍早金价一度触及3353.00美元/盎司。美元指数持续回 落，目前位于98.90，稍早该指数跌至98. ...

Group 1 - The article outlines significant events over the past decade that have influenced gold prices, highlighting the interplay of global economic cycles, monetary policy, geopolitical risks, and market sentiment [21] - In 2016, Brexit and Trump's election led to a surge in safe-haven demand, with global central bank gold purchases increasing by 15% to 430 tons [2] - The trade war between the US and China from 2018 to 2019 weakened global economic expectations, resulting in gold prices rising over 30% from their 2018 lows, with gold ETF holdings reaching record highs [4][5] Group 2 - The COVID-19 pandemic in 2020 caused a global economic shutdown, prompting the Federal Reserve to cut interest rates to zero and initiate unlimited quantitative easing, leading to a more than 15% increase in gold prices for the year [6][10] - In 2022, the Russia-Ukraine conflict and aggressive rate hikes by the Federal Reserve pushed gold prices close to previous highs, with central bank gold purchases reaching 1,136 tons, the highest in 55 years [7] - Looking ahead to 2024, ongoing geopolitical tensions and a 50 basis point rate cut by the Federal Reserve are expected to drive global central bank gold purchases to 247 tons per month, with gold prices projected to rise nearly 30% [11] Group 3 - Key factors influencing gold prices include monetary policy and interest rate environments, where rate hikes suppress gold prices while rate cuts tend to boost them [14] - Geopolitical events such as Brexit and the Russia-Ukraine conflict trigger safe-haven buying, leading to short-term price increases [16] - Central bank gold purchases have been on the rise, with a 63% year-on-year increase in 2024, providing long-term support for gold prices [17]

Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided report. 2. Core Viewpoints - The mid - line upward trend of gold remains favorable, and investors are advised to maintain a long - position mindset for trading. However, silver is relatively weak due to industrial demand pressure. In the mid - term, before the positive factors are fully realized, the safe - haven demand from the US economy and financial markets will continue to drive the gold price to move strongly, but the volatility of the gold price has also increased. It is recommended that investors mainly go long at low prices with a medium - sized position, and avoid chasing high or shorting [4][6]. 3. Summary by Relevant Catalogs 3.1 Precious Metals Market Conditions and Outlook - **Intraday Market**: Fed Chairman Powell remains on the sidelines regarding the economic slowdown and rising inflation expectations caused by tariff weaponization and rules out the possibility of a bailout. The WTO and UNCTAD have significantly lowered the forecasts for global economic growth and commodity trade in 2025. The safe - haven demand has pushed the London gold price to a new record of $3358 per ounce, and the Shanghai Gold 9999 reached a maximum of 795 yuan per gram. Profit - taking by long positions led to a slight weakening of the gold price after the rally in the Asian session on April 17. Trump's 2.0 new policy has greatly boosted the safe - haven demand for gold. This week, attention should be paid to US tariff policies, China's Q1 economic data, and the interest - rate meetings of the Bank of Canada and the European Central Bank [4]. - **Mid - line Market**: After the bearish impact of the Fed's hawkish interest - rate cut on December 18, 2024, the gold price started a new round of upward trend under multiple factors. On February 24, 2025, London gold set a new record of $2956 per ounce, then had a weak correction in late February. In March, due to factors such as increased US economic recession risk, the Fed's slower pace of balance - sheet reduction, and rising geopolitical risks, London gold rose again and officially broke through the $3000 - per - ounce mark on March 17. Before the positive factors are fully realized, the safe - haven demand will drive the gold price to move strongly, but the high price - to - earnings ratio and long positions also mean increased volatility [6]. 3.2 Precious Metals Market - related Charts There are multiple charts in the report, including Shanghai gold and silver futures indices, London gold and silver spot prices, the basis of Shanghai futures indices against Shanghai Gold T + D, gold and silver ETF holdings, the gold - to - silver ratio, and the correlation between London gold and other assets. All data sources are from Wind and the Research and Development Department of CCB Futures [8][10][16]. 3.3 Main Macroeconomic Events/Data - The Fed Chairman Powell said that the Fed will wait for more economic data before deciding on interest - rate adjustments. He also pointed out that the Fed may face a severe situation where tariffs push up inflation while economic growth and potential employment may weaken, and there is no "Fed put" [17]. - The WTO has significantly lowered the forecast for global commodity trade from steady growth to decline, expecting a 0.2% drop this year, down from the 3.0% growth forecast in October. The UNCTAD said that global economic growth may slow down to 2.3% this year [17]. - The Bank of Canada kept its key policy rate at 2.75% after seven consecutive interest - rate cuts, pausing for the first time. It also said that the uncertainty of US tariffs made it unable to issue a regular economic forecast [17]. - The Trump administration is considering punitive measures to prevent China's DeepSeek from purchasing US technology, and US chip manufacturers such as Intel and AMD are affected by export restrictions, with AMD expecting to bear up to $800 million in costs [18].

银河有色 有色研发报告 有色和贵金属每日早盘观察 2025 年 4 月 17 日星期四 | | 有色和贵金属每日早盘观察 | | --- | --- | | 研究所副所长、有色及贵 金属板块负责人：车红云 | 贵金属 | | 期货从业证号：F03088215 | 【市场回顾】 | | 投资咨询号：Z0017510 | 1. 贵金属市场：昨日，因贸易紧张局势升级，伦敦金延续创记录涨势，将历史新高刷 | | | 新至 3350 美元，日内暴涨超 100 美元，最终收涨 3.06%，报 3350.03 美元/盎司；今晨 | | 研究员：王露晨 CFA | 高开后则将历史新高刷至 3357.92 美元。伦敦银收涨 1.34%，报 32.83 美元/盎司。受外 | | 期货从业证号：F03110758 | 盘驱动，沪金主力合约收涨 2.62%，报 792.56 元/克，沪银主力合约收涨 1.14%，报 | | 投资咨询从业证号： Z0021675 | 8273 元/千克。 | | | 2.美元指数：美元指数再度下行，并一度跌至 99 美元附近，最终收跌 0.83%，报 | | 研究员：陈婧 FRM | 99.38。 | ...

智通财经4月16日电，瑞郎兑美元涨幅扩大至1%，受避险需求推动。 ...