中长期来看，央行购金、实物需求与地缘对冲仍是金价的重要支撑；美联储政策及实际利率则主导周期 性波动。值得关注的是，新入场者如Tether等稳定币发行机构及部分企业财务部门开始配置黄金，使需 求基础更为多元、韧性增强。黄金在10月自前高回落后迅速反弹——当时市场普遍认为涨势过热、交易 拥挤，而如今其涨势有望延续至明年。 今日周二(12月23日)亚盘时段，国际黄金目前交投于1016元附近，截至发稿，国际黄金最新报1011.72 元/克，涨幅0.78%，最高上探至1016.30元/克，最低触及1003.65元/克。目前来看，国际黄金短线偏向看 涨走势。 【要闻速递】 摘要今日周二(12月23日)亚盘时段，国际黄金目前交投于1016元附近，截至发稿，国际黄金最新报 1011.72元/克，涨幅0.78%，最高上探至1016.30元/克，最低触及1003.65元/克。目前来看，国际黄金短 线偏向看涨走势。 特朗普上周宣布对进出委内瑞拉的油轮实施"封锁"，令加勒比海局势骤然紧张。随着其对委总统马杜罗 政府施压升级，外界对美国可能在该国采取地面军事行动的猜测持续升温。 与此同时，伊朗与以色列间的紧张关系再度加剧，也为金价走高 ...

新华财经纽约12月22日电（记者徐静）纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价 22日收于每盎司4482.30美元，涨幅为2.16%。 在地缘政治紧张局势加剧的背景下，避险需求涌现，拉动黄金、白银价格当日强劲上涨，再创历史新 高。2月黄金期货盘中一度触及每盎司4477.70美元的历史新高，3月白银期货盘中也创下每盎司69.525美 元的历史新高。 受此消息提振，两种贵金属价格上涨。据美国媒体周末报道，美国在委内瑞拉附近海域追捕第三艘油 轮，加大了对尼古拉斯·马杜罗政府的石油封锁力度。此次拦截行动是在美国军方于19日凌晨登船检 查"世纪号"（Centuries）超级油轮以及12月10日登船检查"船长号"（Skipper）超级油轮之后进行的。封 锁正在给委内瑞拉石油储备带来压力，并可能导致委内瑞拉石油产量崩溃和大规模民众骚乱。受美委紧 张局势影响，原油期货价格出现上涨。 3月白银期货多头的下一个上涨目标是突破70美元强劲技术阻力价位。空头的下一个下跌目标是跌破63 美元的强劲支撑价位。 当天3月交割的白银期货价格收于每盎司68.975美元，涨幅为2.2%。 （文章来源：新华财经） 与此同时，一 ...

Core Insights - Gold futures prices on the New York Commodity Exchange surpassed $4500 per ounce, while silver futures exceeded $69 per ounce, driven by heightened geopolitical tensions and increased safe-haven demand [1] - The most actively traded February 2026 gold futures reached a peak price of $4520.5 per ounce, and March silver futures hit $69.755 per ounce during trading [1] - Since 2025, uncertainties from tariff policies, strong demand for gold exchange-traded funds (ETFs), and central banks' purchases have contributed to the continuous rise in gold prices [1] - JPMorgan's 2026 gold market outlook report suggests that the upward trend in the gold market may continue due to strong driving factors, while some market analysts anticipate ongoing growth in silver demand for 2026 [1]

Group 1 - Global market liquidity is tightening as the Christmas holiday approaches, with year-end trading characteristics becoming more pronounced [1] - There is no clear dominance of risk aversion or risk appetite in the market, with funds being allocated across different assets [1] - Geopolitical uncertainties and market pricing of the Federal Reserve's mid-term easing path continue to support gold prices, which are reaching historical highs [1][2] Group 2 - Gold has maintained its role as a core macro hedge asset, with spot gold prices remaining in a historical high range and an annual increase of 70%, marking one of the strongest yearly performances in decades [2] - JPMorgan maintains a bullish outlook on gold, citing tariff uncertainties, central bank purchases, and synchronized demand from ETFs and physical markets as core factors supporting the gold bull market [2] - The Dow Jones Industrial Average showed resilience, with financial and materials sectors leading the gains, indicating a reallocation towards real economy-related assets in a rate-cut environment [2] Group 3 - Recent inflation data has not provided clear guidance for the market, with missing key inflation data due to government shutdown affecting the CPI report's reference value [3] - Market expectations for further rate cuts are present, but pricing of policy paths has slowed down significantly [3] - Geopolitical risks are increasingly influencing market sentiment, with a cautious stance from Federal Reserve officials regarding the economic outlook [3] Group 4 - Traders are increasing bullish bets on U.S. Treasuries, particularly focusing on the 10-year Treasury yield falling to around 4% [4] - Large asset management institutions are adopting a defensive approach, increasing cash holdings and reducing leverage, indicating heightened caution towards high valuations and geopolitical risks [4] - The current market is characterized by a combination of year-end risk appetite, policy uncertainty, and geopolitical factors, with the stock market maintaining a recovery pattern despite declining liquidity [4]

Group 1: A-Share Market Performance - The A-share market experienced a strong performance with all three major indices rising, and the total trading volume exceeding 1.8 trillion yuan, marking an increase of 136 billion yuan from the previous trading day [2][3] - The Shanghai Composite Index rose by 0.69% to close at 3917.36 points, the Shenzhen Component increased by 1.47% to 13332.73 points, and the ChiNext Index surged by 2.23% to 3191.98 points [2] - The market saw nearly 3000 stocks rise, with over a hundred stocks hitting the daily limit, particularly in the Hainan sector, which became one of the hottest areas with multiple stocks reaching their limit [2] Group 2: Sector Performance and Fund Flows - The technology-related sectors attracted significant capital inflows, with the communication equipment sector leading with a net inflow of 8.505 billion yuan [3] - Other sectors such as electronic components and consumer electronics also received considerable attention, while sectors like commercial retail and aerospace saw notable capital outflows, with the commercial retail sector experiencing a net outflow of 2.38 billion yuan [3] Group 3: International Gold Market - The international gold market saw a significant breakthrough, with London spot gold prices reaching a new historical high of 4419.82 USD/ounce, reflecting a year-to-date increase of 67% [4] - The rise in gold prices is attributed to favorable macroeconomic factors, including a slowdown in U.S. job growth and expectations of a dovish monetary policy from the Federal Reserve [4][5] - Analysts noted that the demand for gold as a safe-haven asset has increased due to rising economic uncertainties and consumer confidence issues, as indicated by the Michigan Consumer Sentiment Index hitting a historical low [5] Group 4: Future Gold Price Predictions - Short-term predictions suggest that gold prices may experience strong upward momentum, with expectations of reaching between 4750 USD/ounce and 4900 USD/ounce by 2026, driven by structural supply-demand imbalances and continued central bank purchases [6][7] - However, there are warnings about potential risks, including the possibility of a market demand decline from 2025 to 2030 if global economic conditions improve significantly [7]

在地缘政治紧张局势加剧的背景下，避险需求涌现，拉动黄金、白银价格当日强劲上涨，再创历史新 高。2月黄金期货盘中一度触及每盎司4477.70美元的历史新高，3月白银期货盘中也创下每盎司69.525美 元的历史新高。 受此消息提振，两种贵金属价格上涨。据美国媒体周末报道，美国在委内瑞拉附近海域追捕第三艘油 轮，加大了对尼古拉斯·马杜罗政府的石油封锁力度。此次拦截行动是在美国军方于19日凌晨登船检 查"世纪号"（Centuries）超级油轮以及12月10日登船检查"船长号"（Skipper）超级油轮之后进行的。受 美委紧张局势影响，原油期货价格出现上涨。 与此同时，一名俄罗斯高级将领在莫斯科遭遇袭击身亡，调查人员怀疑乌克兰参与了这起暗杀事件。 纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价22日收于每盎司4482.30美元，涨幅为 2.16%。 3月白银期货多头的下一个上涨目标是突破70美元强劲技术阻力价位。空头的下一个下跌目标是跌破63 美元的强劲支撑价位。 当天3月交割的白银期货价格收于每盎司68.975美元，涨幅为2.2%。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021- ...

Group 1: Monetary Policy and Economic Measures - The People's Bank of China announced a one-time credit repair policy that will not display overdue information in personal credit reports for eligible individuals, applicable to overdue amounts not exceeding 10,000 yuan, with a repayment deadline of March 31, 2026 [1] - The one-year and five-year Loan Prime Rates (LPR) in China remain unchanged at 3% and 3.5%, respectively, marking seven consecutive months of stability [1] - The National Development and Reform Commission reported a reduction in domestic gasoline and diesel prices by 170 yuan and 165 yuan per ton, effective from December 22, 2023 [1] Group 2: Corporate Developments - China Energy Engineering Corporation won a bid for a photovoltaic power generation project in Saudi Arabia [5] - Caoran Co., Ltd. signed a significant order worth 4.033 billion yuan through its wholly-owned subsidiary [5] - Lingyi Technology plans to acquire a 35% stake in Limin Da for 875 million yuan, gaining control of the company [5] Group 3: Regulatory Changes and Market Reactions - The State Administration for Market Regulation will implement a pilot reform for CCC certification marks on high-risk products, including power banks, starting in March 2026 [1] - The Shanghai Futures Exchange announced a limit on the maximum number of day trades for non-futures company members in silver futures contracts, effective December 24, 2025 [1] - The European Union extended economic sanctions against Russia for an additional six months, affecting multiple sectors including trade and finance [3]

记者丨江佩佩 吴斌 见习记者张嘉钰 编辑丨谢珍 当地时间12月22日， 美股高开高收，三大指数均连涨三日。 标普500指数涨0.64%，纳指涨0.52%，道指涨0.47%。 银行股全线上涨，摩根大通涨近2%，高盛涨0.6%，花旗涨超2% 创17年多新高 ，摩根士丹利涨逾1%，美国银行涨超1%，富国银行涨逾 1%。 特斯拉涨超1%，盘中一度涨超3%创历史新高，股价逼近500美元关口。消息面上，据财联社，分析认为，特斯拉股价近期飙升的部分原因 是其首席执行官埃隆·马斯克取得了一项重大的法律胜利——特拉华州最高法院上周恢复了马斯克2018年的薪酬方案，该薪酬方案一度价值 560亿美元。 | 特斯拉(TESLA) | | --- | | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 48362.68 | 23428.83 | 6878.49 | | +227.79 +0.47% +121.21 +0.52% +43.99 +0.64% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7683.26 | 25700.25 | 6930.75 | | +4 ...

资金面上，多头入场意愿明显增强。数据显示，当日沪金主力合约增仓1.24万手，持仓量升至20.21万 手，创阶段性新高，显示资金 正持续加码布局。 国信期货首席分析师顾冯达表示，美联储政策预期与地缘不确定性构成当前金价的核心支撑。一方面， 美联储内部对政策路径仍存在分歧，"短期分歧、长期趋宽"的政策叙事不断强化市场对宽松周期的预 期；另一方面，中东局势潜在升级以及欧洲地缘政治演变，持续为市场注入避险溢价，巩固了贵金属的 配置价值。 在美联储降息预期持续升温、全球避险需求同步抬头的共振驱动下，贵金属市场再度上演集体狂飙行 情。 12月22日，国内、国际贵金属价格全线爆发。现货黄金、现货白银双双创历史新高，沪金主力合约再度 站上1000元/克整数关口；沪银主力合约大涨逾6%，创历史新高；铂、钯主力合约则双双封死涨停板， 成为当日盘面中最耀眼的品种。 在多重宏观变量叠加之下，资金加速涌入贵金属板块，行情呈现出明显的趋势性特征。与此同时，部分 机构也开始提示风险，提醒投资者警惕在连续大幅上涨之后，贵金属价格波动或显著加剧。 沪金突破1000元大关 经历前期短暂的震荡整理后，黄金市场再度走出强势单边行情，向历史高位发起新 ...

Core Insights - The prices of spot gold and silver surged to new historical highs driven by safe-haven demand and expectations of interest rate cuts [1] - The rise in precious metal prices has also led to an increase in gold mining stocks, with the iShares MSCI Global Gold Miners ETF (RING) experiencing upward movement [1]