昨日黄金价格在4175至4225区间内震荡波动，当前若无法稳固站上4220，则整体仍呈现弱势下跌态势。 一旦今日金价跌破4170关键支撑，或将触发新一轮下跌行情。值得注意的是，近期黄金的上涨动力主要 源自白银的补涨效应。同时，市场密切关注美联储主席的言论动向，其不断释放加大降息力度的信号， 甚至暗示可能辞职并由鸽派人士接任，这无疑为黄金市场增添了更多不确定性。 此外，委内瑞拉局势紧张，毒品问题引发的全球恐慌情绪也促使投资者寻求避险资产。然而，从技术面 来看，黄金连续数日未能突破4253这一重要阻力位，显示上方压力显著。因此，市场正密切关注二次探 底的可能性，多空双方围绕4200关口展开激烈争夺。 刚果(金)总统齐塞克迪和卢旺达总统卡加梅4日在美国首都华盛顿正式签署和平协议，以期结束长达30 年的冲突。这份协议是在美国、卡塔尔等多方斡旋下达成的。美国总统特朗普在协议签署前发表讲话 称，美国当天还将与刚果(金)和卢旺达签署双边协议，"为美国获取关键矿产开辟新机遇"。 【最新国际黄金行情解析】 摘要今日周五(12月5日)亚盘时段，国际黄金目前交投于4194.23美元附近，截至发稿，国际黄金最新报 4200.74美元 ...

地缘政治方面，克里姆林宫澄清普京并未拒绝美国方案，美乌高级代表将于周四会面，紧张局势虽未升 级但谈判进程的反复仍为市场提供避险支撑。 今年以来，白银价格一路走高，涨幅甚至超过了传统"避险资产"的黄金。今年白银大幅上涨的背后，是 文化与节庆消费、工业端的强劲需求、供应持续紧张等多重因素共同推动的结果。 首先是，全球最大的白银消费国——印度，今年需求激增。据悉，印度每年消费大约4000吨的白银，主 要用于珠宝、器皿和饰品。印度大约80%的白银依赖进口，而英国长期以来是其最大的供应国。随着印 度需求急剧上升，市场压力迅速传导到伦敦。市场一度紧张到部分交易商不得不改用飞机而非货船运输 白银完成交割，隔夜借银成本也一度被推高到了年化200%。 还有一大推动白银走强的重要结构性因素，就是其工业用途。白银是所有金属中热导率和电导率最高 的。分析指出，虽然过去八九年里白银供应一直大于工业及消费需求，但这一格局近期已出现逆转。 周四(12月4日)欧盘时段，现货白银缩窄跌幅，收复亚盘部分失地，白银价格暂守57美元关口，稍早银 价加速下挫逼近这一关口，美国初请失业金人数将于今晚公布，根据昨日公布的ADP和市场预期来看， 大概率将利 ...

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 来源：智通财经·澎湃号·湃客 站在2025年的终点回望，国际金价的每一次波动，都牵动着全球市场的神经，也让黄金这项古老资产站到了聚光灯的中央。 对中国人而言，黄金的意义尤甚：从"大黄鱼"金条到黄金ETF，从老铺黄金到年轻人追捧的"金豆豆"，它既是投资品，更承载着情感与文化。 黄金在历史长河中扮演着怎样的角色？中国人对黄金的情结从何而来？当下金价高企，是入场时机还是风险信号？本期《湃客Talk》邀请了收藏有百余条 老金条的古钱币收藏家徐宝明与长期观察黄金市场的媒体人陶魏斌，从历史、文化、投资三个维度，解读黄金的过去、现在与未来。 2025年金价"狂飙"，我们为何依然痴迷黄金？| 湃客Talk 【本期主播】 陈玉坤 智通财经湃客编辑 【节目嘉宾】 徐宝明 资深中国古钱币收藏家、《中国黄金货币——近代老金条的前世今生》作者 陶魏斌 财经专栏作家、新媒体"财经无忌"创始人 【内容节选】 *以下内容为基于节目录音的口述稿，仅对语法与用词稍作修改。 黄金信仰：从"小黄鱼"到"金豆豆"的千年脉络 陶魏斌：相比新发现的巨无霸金矿，中国地质队的"黑科技"更有意思 ...

12月3日，贵金属在周二美盘午间出现回落，主要受短线投机资金获利了结影响，同时整体市场的风险 偏好略有改善。金价在前一交易日创下六周高位、银价更刷新历史纪录后出现调整。February 金价最新 下跌 54.90 美元至 4219.90 美元，March 银价下跌 0.797 美元至 58.37 美元。在此背景下，Mhmarkets迈 汇表示，短期资金在高位兑现收益属正常波动，尤其在此前大幅上涨后更易出现技术性回撤。 美股周二午间略显坚挺。市场风险情绪改善，与当日日本政府债券拍卖需求良好有关，这在周一全球债 市因对日本的金融和经济层面忧虑而出现动荡之后，形成一定稳定效应。结合跨市场表现，Mhmarkets 迈汇认为，风险情绪的边际改善虽暂难改变避险资产的核心逻辑，但会压制贵金属在短线中的溢价空 间。 主要外部市场中，美元指数小幅走强，原油价格偏弱，徘徊在每桶 59 美元附近；而基准 10 年期美债收 益率在 4.08% 左右波动。此外，黄金定价由现货与期货两大机制构成，由于年末流动性因素，目前 CME 上最活跃的仍是 12 月合约。Mhmarkets迈汇表示，这种时间点的主力合约切换往往伴随流动性波 动，易放 ...

Core Viewpoint - Saxo Bank has released its 2026 "Outrageous Predictions" list, which includes scenarios such as breakthroughs in quantum computing, gold prices soaring to $10,000, and widespread failures of AI systems [1][2][3] Group 1: 2026 Outrageous Predictions - The predictions include significant market impacts from quantum computing breakthroughs, gold price surges, and AI automation crises [2][3] - Specific scenarios outlined include financial panic due to rapid quantum computing advancements and the potential for gold prices to reach $10,000 as investors flock to safe-haven assets [4][5] Group 2: AI Automation Crisis - By 2026, AI systems are expected to be widely used for optimization and automation, leading to a series of failures that could trigger a comprehensive crisis [6] - Potential incidents include algorithm errors causing market crashes, discovery of AI-driven accounting fraud, and accidents caused by malfunctioning AI in factories [7] Group 3: Other Predictions - Additional outrageous predictions include a wedding between Taylor Swift and Travis Kelce saving the global economy, smooth midterm elections in the U.S. fostering unity, widespread use of weight-loss drugs, SpaceX announcing an IPO, and Fortune 500 companies appointing AI models as CEOs [9][10]

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 【要闻速递】 周一，白银价格大涨3.8%，收报每盎司58.57美元，盘中更是触及58.82美元的历史新高。今年以来，白 银累计涨幅已超过100%，这在贵金属市场中实属罕见。白银的强势不仅得益于与黄金相似的宏观驱动 因素，还源于其在工业领域的广泛应用，如电子产品和太阳能电池等。随着全球制造业复苏预期，白银 的需求端也获得额外提振。 市场分析师认为，白银的横盘整理至上涨趋势与黄金高度同步，但其波动性更大，这使得白银成为投资 者追逐高回报的热门选择。特别是在美国经济数据公布前夕，白银价格的突破性上涨，反映出投资者对 避险资产的强烈偏好。 值得一提的是，白银的创纪录表现也受到了美联储主席继任者人选的影响。有报道称，白宫经济顾问哈 西特可能出任下一任美联储主席，这被视为更鸽派信号，进一步压低美元并抬升白银价格。在这种背景 下，白银的上涨势头短期内难以逆转，甚至可能在关键数据发布后继续刷新高点。 【最新现货白银行情解析】 现货白银还是绝对强势，上一波在58.8下跌，最低在56.6，但周二的大范围震荡，还是走出上涨空间， 收盘在58.5附近 ...

周三(12月3日)亚洲时段，纸白银涨势突然"熄火"，截止发稿纸白银价格暂报13.191元/克，上涨1.70%， 短线来看纸白银走势偏向调整，今日美国11月ADP就业指标即将出炉，在非农指标暂时缺席的情况 下，"小非农"的表现预计将在一定程度上左右市场的情绪，指引白银走势方向。 【最新纸白银行情解析】 纸白银亚盘短线调整，收窄日内涨幅，日线MACD指标释放看多信号，KDJ指标释放看多信号，RSI释 放看多信号，上方阻力关注13.40-13.50，下方支撑关注12.80-12.90。 本周，市场还将迎来更多关键数据，包括周三的11月ADP就业报告和周五的9月个人消费支出(PCE)物价 指数，后者是美联储最青睐的通胀指标。这些数据如果继续显示疲软，将进一步巩固降息预期，推动银 价走高。 今日的基本面主要关注21：15的美国11月ADP就业人数，本轮预期2万人，前值4.2万人，随后看21:30的 美国9月进口物价指数月率。稍晚看22:15的美国9月工业产出月率和22:45的美国11月标普全球服务业 PMI终值和23:00的美国11月ISM非制造业PMI。 【要闻速递】 周一公布的11月制造业采购经理人指数(PMI)从 ...

Group 1 - The three major U.S. stock indices closed higher, with the Dow Jones up 0.39%, Nasdaq rising 0.59%, and S&P 500 increasing by 0.25% [1] - Technology stocks showed mixed performance, with Intel surging over 8% and Boeing's stock price soaring more than 10% [1] - Market expectations for a Federal Reserve interest rate cut in December have increased, boosting risk appetite for assets [1] Group 2 - The Nasdaq Golden Dragon China Index fell by 0.65%, with mixed performances among its constituents; Xpeng Motors dropped nearly 8%, NIO fell nearly 3%, while Li Auto saw a slight increase [1] - International gold prices experienced slight fluctuations, with London gold spot prices remaining above $4200 and silver prices rising above $58 per ounce [1] - The market is focused on the upcoming Federal Reserve meeting in December, with current rate cut probabilities nearing 90% [1]

Core Viewpoint - The cryptocurrency market experienced a significant collapse, with Bitcoin dropping 6% to below $86,000 and Ethereum falling 7% to around $2,800, leading to widespread declines in major altcoins [1][3]. Market Impact - The turmoil in the cryptocurrency market quickly spread to traditional financial markets, causing the Nasdaq 100 futures to drop by 1%, particularly affecting tech stocks [3]. - MicroStrategy, a major holder of Bitcoin with $56 billion in assets, indicated that they might be forced to sell part of their holdings if the mNAV ratio turns negative, which is currently at 1.19, close to the warning threshold [3][13]. - The correlation between Bitcoin and U.S. stocks has intensified, with Bitcoin's sudden drop reversing a positive market sentiment that followed Nvidia's strong earnings report, ultimately leading to a 300-point decline in the Dow [3][13]. Preceding Indicators - The collapse was foreshadowed by a $19 billion leveraged liquidation in early October, which initiated a selling spree that saw Bitcoin drop 16.7% in November [3][6]. - Despite a brief rebound above $90,000, the recovery was weak and unsustainable [3]. Structural Weaknesses - The market is facing structural vulnerabilities, with a significant lack of new capital inflows into Bitcoin ETFs and a recent net outflow exceeding $1 billion in a single week [6][8]. - The tightening of global liquidity, driven by signals from the Bank of Japan and hawkish comments from the Federal Reserve, has put additional pressure on high-risk assets [6][8]. Regulatory Environment - Regulatory concerns are also impacting market confidence, with warnings from the People's Bank of China about the risks associated with virtual currencies and the EU's MiCA legislation imposing strict limits on stablecoins [9]. - The downgrade of USDT's stability rating by S&P Global Ratings raises concerns about collateral adequacy, which could undermine the entire crypto ecosystem reliant on stablecoins [9]. Market Dynamics - The simultaneous decline of both risk assets like Bitcoin and traditional safe-haven assets like gold indicates a systemic liquidity contraction, forcing investors to liquidate assets for cash [11]. - The recent downturn has led to a significant number of liquidations, with over 260,000 traders losing approximately $941 million in just 24 hours [8]. Future Outlook - The market is now focused on upcoming U.S. non-farm payroll and inflation data, which will provide insights into the Federal Reserve's monetary policy direction [13]. - The potential selling pressure from MicroStrategy looms over the market, and without new capital inflows, the sustainability of any price recovery remains in doubt [13].

Core Insights - Saxo Bank has released its 2026 "Outrageous Predictions" list, which includes scenarios such as breakthroughs in quantum computing, gold prices soaring to $10,000, and widespread failures of AI systems [1][3][4] Group 1: 2025 Predictions - Some 2025 predictions are already materializing, including the impact of Trump's tariff policies on the dollar, which has fallen 8% this year, marking its worst performance since 2017 [1][2] - Nvidia's market capitalization has increased by 34% to $4.37 trillion, approaching double that of Apple, which stands at $4.18 trillion [1][2] Group 2: Quantum Computing - Saxo Bank strategist Neil Wilson predicts that breakthroughs in quantum computing will occur faster than expected, leading to panic in financial markets [3] - This scenario could drive investors towards safe-haven assets like silver and gold, pushing gold prices to $10,000 [3] Group 3: AI Automation Crisis - Saxo Bank's investment strategy head Jacob Falkencrone forecasts that by 2026, AI systems will be widely used for optimization and automation, potentially leading to a comprehensive crisis due to various failures [4] - Specific risks include algorithm errors causing market crashes and AI-driven accounting violations, which could result in significant financial repercussions [4] Group 4: Other Outrageous Predictions - The 2026 predictions also include unconventional scenarios such as a wedding between Taylor Swift and Travis Kelce saving the global economy, and the widespread use of weight-loss drugs even for pets [5] - Other predictions involve SpaceX announcing an IPO and Fortune 500 companies appointing AI models as CEOs [5]