Core Viewpoint - The precious metals market has experienced a significant surge, with gold, silver, and platinum reaching historical highs, driven by macroeconomic concerns and increased demand for physical assets [2][11]. Group 1: Market Performance - Spot gold rose by 1.19%, reaching a peak of $4549.96 per ounce [2] - Spot silver surged by 10.47%, surpassing $79 per ounce, with a weekly increase of 18.31% and a year-to-date increase of 174.62% [9][11] - Spot platinum increased by 10.39%, hitting a maximum of $2475 per ounce [2] Group 2: Investor Behavior - There has been a notable increase in transactions, with one jewelry store reporting over 30 kilograms of silver bought back in a single morning [3] - A customer reportedly made a profit of 20,000 yuan by trading silver within a week, highlighting the volatility and potential for quick gains in the current market [3] - The demand for silver is described as frenzied, with significant orders being placed and a shortage of immediate availability [6] Group 3: Future Outlook - Analysts predict that precious metals will maintain an upward trend due to factors such as the politicization of the Federal Reserve, declining dollar credibility, and a potential silver supply crisis [12] - The ongoing geopolitical uncertainties and inflation expectations are expected to support gold's value, while silver may outperform due to industrial demand and supply constraints [13] - The market is anticipated to experience higher volatility, with the need for careful timing in trading strategies [13]

Group 1: Gold Market - The current spot gold price is trading at approximately $4507.61 per ounce, having opened at $4479 and reached a new historical high, indicating strong bullish momentum [1][5] - The recent surge in gold prices is driven by multiple factors, including market expectations of continued interest rate cuts by the Federal Reserve in 2026, ongoing geopolitical uncertainties, strong demand for gold from global central banks, and increased holdings in investment ETFs [1][5] - In a low-interest-rate environment, the appeal of non-yielding assets like gold has significantly increased [1][5] Group 2: Technical Analysis of Gold - Despite a slight weakening in bullish momentum, gold prices remain in an upward trend, with potential to test the key resistance level of $4530 per ounce [2][6] - If gold successfully breaks through the $4530 resistance, the next upward targets are projected to be in the range of $4561 to $4593 [2][6] - Key support levels to watch include $4477, with a potential technical pullback if this level is breached, targeting a range of $4427 to $4446 [2][6] Group 3: WTI Crude Oil Market - The current price of WTI crude oil is around $58.5 per barrel, influenced by ongoing high-intensity conflict between Russia and Ukraine, which has led to significant geopolitical risks and a rebound in oil prices [1][5] - The oil market faces persistent pressure from oversupply, which continues to suppress prices despite short-term rebounds [1][5] Group 4: Technical Analysis of WTI Crude Oil - The short-term outlook for crude oil shows a pattern of oscillating rebounds, but the long-term trend remains bearish, with key resistance levels between $58.8 and $59.6 [3][7] - If oil prices fail to break through the $59.0 level, the risk of further declines persists, with critical support at $57.0 and $56.50 [3][7] - The market's buying strength appears limited, indicating a cautious approach to trading in the short term [3][7]

Market Overview - Global stock markets are closed, leading to light trading activity. After a brief adjustment, the metals sector has strengthened, with gold, silver, and copper prices reaching new highs, while platinum and palladium also rose [1] - On December 26, U.S. stock index futures fell slightly, and major European markets (Germany, France, UK, Italy) were closed for the holiday. Asian markets saw light trading, with Japan's Topix index hitting a new high [1] Metal Prices - The comprehensive rise in the metals market reflects deep investor anxiety about the macro environment and urgent demand for physical assets. Factors include expectations of U.S. Federal Reserve rate cuts, a declining dollar, and geopolitical uncertainties in the Middle East and Africa [1] - Since early December, momentum-driven and speculative behavior have pushed gold and silver prices higher, with expectations of prolonged U.S. rate cuts and increased geopolitical risks contributing to new highs in precious metals [1] - Gold prices may approach $5,000 per ounce and silver prices could reach around $90 per ounce by the first half of 2026 [1] Currency Movements - The offshore yuan is currently at 7.0061, with the onshore yuan's midpoint rate set at 7.0358, up 34 points, marking a new high since September 30, 2024. The offshore yuan broke the psychological level of 7.0 for the first time since September 2024 [1] - The Japanese yen has weakened slightly, with a 0.2% drop against the dollar to around 156.17, as inflation in Japan fell more than expected, leading to increased market expectations for delayed interest rate hikes by the Bank of Japan [4] - The South Korean won continued its upward trend, rising 1.2% to 1429.85, reaching its highest level since early November, following verbal interventions from authorities and new tax measures to stabilize the foreign exchange market [8] Commodity Prices - Spot gold is trading above $4,500 per ounce, currently at $4,510.54, with a daily high surpassing $4,530, marking a new historical high [10] - Spot silver recorded its fifth consecutive day of gains, currently at $74.62 per ounce, with a daily high breaking $75, also reaching a new historical high [13] - WTI crude oil rose nearly 0.3% to $58.52 per barrel, with traders closely monitoring U.S. restrictions on Venezuelan oil transport and military actions against terrorist organizations in Nigeria [19]

原油最新行情趋势分析： 原油消息面解析：周三亚洲交易时段早盘，WTI原油价格小幅上行，围绕每桶58.40美元附近震荡。整 体来看，油价延续了前期的企稳态势，但上涨动能仍显谨慎，市场情绪主要受到供应端风险的推动。从 供应层面看，委内瑞拉相关的不确定性仍是当前油价的重要支撑因素。美国近期加大了对委内瑞拉原油 运输环节的限制力度，通过拦截油轮和强化警告的方式，提升了市场对原油出口受阻的预期。综合来 看，WTI原油当前处于典型的"供应风险支撑、需求信号压制"阶段。委内瑞拉原油运输受限为油价提供 了明显托底，但库存回升提醒市场需求端尚未稳固。 黄金最新行情趋势分析： 原油技术面分析：原油从日线图级别看，油价触及54.80附近即入震荡，K线阴阳交替。均线系统空头排 列，压制油价，中期客观趋势方向向下。当下原油主客观趋势方向一直向下，依据主次交替规律，原油 中期走势维持下行节奏不变。原油短线（1H）走势继续上涨创新高，油价受到均线系统依托，短线客 观趋势方向向上不变。动能上，MACD在零后上方出现顶背离，预示多头动能存在减弱的信号。早盘原 油走势在主趋势上行中运行，预计日内原油走势仍维持看涨趋势不变。综合来看，原油今日操作 ...

周五(12月26日)亚洲时段，现货黄金价格刷新历史记录高点，截至发稿，现货黄金暂报4500.13美元/盎 司，上涨0.45%，最高触及4530.60美元/盎司，最低下探4474.78美元/盎司。地缘局势的不确定性推动避 险情绪升温，支撑金价再次走强，叠加假日期间，市场流动性减少，导致波动率进一步增加，目前市场 依然处于避险情绪以及美元走弱预期之中，支撑金价多头。 另外俄乌冲突在圣诞节期间急剧升级，双方进行了冲突爆发以来规模最大的无人机攻防战，袭击波及能 源基础设施与港口储油设施。 俄罗斯外交部发言人扎哈罗娃25日指出，欧洲方面仍在纵容乌克兰战事延续，任由紧张局势持续升级， 完全没有顾及和平议题。在当日召开的记者会上，扎哈罗娃表示，欧盟与英国是基辅政权在欧洲及西方 的主要支持者，这些势力并未考虑任何形式的和平方案。 黄金市场昨日区间震荡，早盘开盘在4487.1的位置后行情强势拉升，日线最高触及到了4526的历史新高 后行情获利了结回落，美盘时段日线最低给到了4447.9的位置后整理，日线最终收线在了4479.3的位置 后，日线以一根上下影线等长的长脚十字星形态收线，而这样的形态收尾后，下方3325和3322的多 ...

黄金最新行情趋势分析： 12月24日，黄金消息面解析：周三（12月24日）亚欧时段，现货黄金从每盎司4525.70美元的历史高点 回落，因圣诞假期前夕，部分交易者获利了结。此外，美国乐观的国内生产总值（GDP）数据也可能对 金价构成压力。然而，金价的回撤空间可能有限，因为持续的地缘政治不确定性，尤其是美国与委内瑞 拉之间的冲突，可能会保持避险需求的高企。市场对美联储明年进一步降息的预期日益升温，这可能提 振金价。在通胀缓解和就业增长疲软的迹象下，市场预计美联储将在2026年进行两次降息，相关预期或 因此后公布的经济数据影响，再度提升，利率降低可能会减少持有黄金的机会成本，从而为这种无收益 的贵金属提供支撑。在圣诞节假期前夕，交易相对清淡。交易者正等待周三晚些时候将公布的美国初请 失业金数据，以寻求新的动力。 黄金技术面分析：黄金昨日走势符合预期，呈现先跌后涨态势。价格自4498附近承压回落，先后测试 4452及4431一线支撑，随后于午夜时段强势反弹，突破4500整数关口并创出新高。从当前盘面结构来 看，上行趋势保持完整，虽无法预判具体高点压制，但整体多头格局未改，操作上仍以回踩跟进多单为 主。关键支撑可关注 ...

Core Viewpoint - The market is increasingly anticipating further interest rate cuts by the Federal Reserve in 2026, which may support gold prices due to reduced opportunity costs associated with holding non-yielding assets like gold [1][4]. Economic Indicators - Signs of easing inflation and weak employment growth are contributing to expectations of two rate cuts by the Federal Reserve in 2026 [1][4]. - Market participants are awaiting the release of U.S. initial jobless claims data for further economic insights [1][4]. Geopolitical Factors - Ongoing geopolitical uncertainties, particularly the conflict between the U.S. and Venezuela, are likely to sustain high demand for gold as a safe-haven asset [1][4]. Technical Analysis - Gold prices have shown a reduction in upward momentum, with the Bollinger Bands indicating a potential continuation of a strong trend [1][4]. - The Relative Strength Index (RSI) has risen above 80, suggesting that the market is in an overbought condition, which may require a period of consolidation before the next upward movement [1][4]. Price Levels - On the upside, if gold prices maintain the psychological level of $4500, they may attempt to reach $4550 and potentially challenge the $4600 mark [1][4]. - On the downside, the primary target for gold prices is around the recent low of $4430, with a potential further decline below $4400 if that level is breached [2][5]. Trading Strategy - Suggested resistance levels for trading are at $4500, $4525, and $4550, while support levels are at $4475, $4450, and $4430 [3][6]. - Recommendations include light positions with a margin of error of ±2 for immediate trading and ±5 for broader strategies, with suggested stop-loss levels [3][6].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 文章来源：金投网 持续的地缘政治不确定性，尤其是美国与委内瑞拉之间的冲突，可能会保持避险需求的高企，从而助推 白银涨势。 委内瑞拉国会周二通过了一项法律，刑事化一系列可能妨碍该国航运和商业活动的行为，例如扣押油 轮。这项法律包括"其他国际罪行"，是在美国近期针对委内瑞拉石油运输的行动之后出台的。 另外，柬泰局势持续恶化也提振了避险需求，当地时间12月24日，柬埔寨国防部发表声明称，当天12时 15分至12时26分，泰国军队出动T-50TH战斗机在班迭棉吉省投下集束炸弹。当天稍早前，柬埔寨排雷 行动和援助受害者管理局也发文称，泰国军队对柬埔寨使用了集束弹药。目前，泰方对上述说法暂无回 应。 在周三的交易时段，投资者将关注初请失业金数据，预计将在GMT13：30公布。首次申请失业救济的 人数预计将保持在223K不变。 【最新现货白银行情解析】 在日线图上，20日指数移动平均线呈上升趋势，价格稳稳位于其上方，强化了看涨偏向。该均线的正斜 率继续支持上涨。RSI（14）为80.95，处于超买状态，表明动能延伸，可能会在后续出现整合。 如果动能减弱，回调 ...

looking at gold. So, gold's on pace for its best year since the 70s. Uh the years that you gave us, 73, 79.Those are the years after we abandoned the gold standard. So, is there any correlation between those years and this year that we're seeing such a big gold rally. >> Yeah, you know, if you go back through the 70s till now, there's only been four times that gold's actually um returned over 50%.So, I think a lot of what we're seeing now is the debasement trade. So looking at largely central banks uh movin ...

从日线级别来看，黄金整体趋势依然保持强势多头结构。价格稳固运行在100日指数移动均线之上，中 期趋势向上明确；布林带持续开口，显示趋势性行情仍在延续。 动能指标方面，14日RSI已升至70上方，处于明显超买区域，提示短线存在技术性整理或高位震荡的可 能，但尚未出现明确的反转信号。若多头动能延续，金价有望进一步突破上行空间或指向更高目标； 综合来看，黄金当前处于"强趋势中的高位阶段"。地缘政治不确定性与全球货币政策宽松预期，共同构 成了金价的中长期支撑逻辑。 12月23日，在全球地缘局势持续紧张、经济不确定性上升的背景下，黄金价格在亚洲时段再度走强。过 去一个月金价累计上涨约10%，2025年以来涨幅接近70%，避险属性持续放大。与此同时，美联储中长 期降息预期强化，进一步降低持有黄金的机会成本。尽管技术指标显示短线偏热，但整体趋势仍维持多 头主导 从日线级别来看，黄金整体趋势依然保持强势多头结构。价格稳固运行在100日指数移动均线之上，中 期趋势向上明确；布林带持续开口，显示趋势性行情仍在延续。 动能指标方面，14日RSI已升至70上方，处于明显超买区域，提示短线存在技术性整理或高位震荡的可 能，但尚未出现明 ...