Core Insights - The article discusses the increasing interest of beginners in gold trading as a common investment method, emphasizing the need to understand its fundamental mechanisms to assess potential risks and opportunities [1] Group 1: Gold Trading Basics - Gold trading primarily involves buying and selling gold contracts to capture price fluctuations, allowing for capital appreciation without physical delivery [3] - The entry steps for beginners include understanding market drivers, selecting compliant platforms, and practicing through simulated trading [3][4] - The importance of gradual learning and risk awareness is highlighted for new investors before engaging in actual gold trading [3] Group 2: Market Dynamics and Recent Trends - In November 2025, significant policy changes and price fluctuations were observed in the gold trading market, particularly due to a new tax policy implemented by the National Taxation Bureau [4] - The new tax policy categorizes transactions into "investment" and "non-investment," aiming to enhance market transparency and compliance [4] - Gold prices experienced a "V" shaped rebound, influenced by macroeconomic factors such as U.S. Federal Reserve policies and geopolitical risks, with prices fluctuating around $4000 to $4200 per ounce [4][5] Group 3: Platform Selection and Compliance - Choosing a compliant trading platform is crucial for beginners, with emphasis on evaluating regulatory compliance and service efficiency [6] - The Hong Kong Gold Exchange is highlighted as a reputable institution, ensuring transaction transparency and efficient service [6] - Key considerations for platform selection include verifying membership numbers, assessing fund segregation mechanisms, and testing customer service responsiveness [9] Group 4: Trading Rules and Risk Management - Understanding trading rules and risk management is essential, with details on contract specifications, margin requirements, and trading hours provided [8] - Risk control measures, such as leverage management and transparent overnight interest rates, are emphasized to prevent significant losses [8] - The article suggests starting with small contract sizes and setting stop-loss prices to manage volatility effectively [8]

Core Insights - The precious metals market experienced a significant decline, with gold and silver prices dropping notably, reflecting broader market adjustments [1][2][4] Precious Metals Market Summary - As of November 14, gold spot prices fell by 2.69% to $4058.79 per ounce, while COMEX gold dropped by 3.24% to $4058.6 per ounce [1][2] - Silver spot prices decreased by 3.35% to $50.536 per ounce, with COMEX silver down by 5.28% to $50.365 per ounce [1][2] - Platinum and palladium also saw declines, with platinum falling over 2% and NYMEX platinum down nearly 4% [1][2] Global Gold Demand Trends - The World Gold Council reported that global gold demand reached a record high of 1313 tons in Q3 2025, with a total value of $146 billion [2] - Factors driving this demand include geopolitical tensions, persistent inflation, and uncertainties in global trade policies, which have increased the appeal of gold as a safe-haven asset [3] Investment Trends in Gold ETFs - Investors have significantly increased their holdings in physical gold ETFs, with an additional 222 tons added in Q3 2025, translating to $26 billion in inflows [3] - For the first three quarters of 2025, total global gold ETF holdings increased by 619 tons, approximately $640 billion [3] Market Outlook - Citic Securities suggests that the ongoing liquidity easing and continued inflows into ETFs will support precious metal prices in the long term [4] - The firm maintains a bullish outlook on gold and silver prices, anticipating a recovery after current adjustments, positioning them as key commodities for Q4 2025 to 2026 [4]

Group 1: Precious Metals Market Overview - The precious metals market experienced a significant decline, with gold prices dropping by 2.69% to $4058.79 per ounce, and COMEX gold falling by 3.24% to $4058.6 per ounce [2] - Silver prices also saw a notable decrease, with spot silver down 3.35% to $50.536 per ounce, and COMEX silver down 5.28% to $50.365 per ounce [2] - Other precious metals such as platinum and palladium also faced declines, with NYMEX platinum dropping over 4% and spot palladium falling more than 3% [2] Group 2: Global Gold Demand Trends - According to the World Gold Council's Q3 2025 Global Gold Demand Trends Report, global gold demand reached a record high of 1313 tons in Q3, with a total value of $146 billion [3] - Factors driving gold demand include geopolitical tensions, persistent inflation, and uncertainties in global trade policies, which have increased investor interest in gold as a safe-haven asset [3] - The report indicates that gold prices have the potential for further increases, supported by a weakening dollar, expectations of interest rate cuts, and the risk of stagflation [3] Group 3: Market Sentiment and Future Outlook - CITIC Securities suggests that the ongoing inflow into ETFs will provide significant support for precious metal prices in a liquidity-friendly environment [4] - The long-term bullish outlook for precious metals remains unchanged, with expectations for gold and silver prices to rebound after a phase of adjustment [4] - The global market is currently experiencing a broad adjustment, with major stock indices in Asia-Pacific and the U.S. showing declines of over 1% [4]

Core Insights - The foreign exchange market experienced increased volatility due to a stock market sell-off, leading investors to seek safe-haven assets [1] - A report indicated that the UK budget for this month will not raise income taxes, which negatively impacted the British pound [1] - The primary driver of market movements is the perception that the likelihood of the Federal Reserve lowering interest rates in December is significantly lower than a few weeks ago [1] Market Reactions - More Federal Reserve officials issued cautious signals overnight, expressing reservations about further easing due to inflation concerns and signs of a relatively stable labor market [1] - This shift in expectations triggered a sell-off in high-valuation U.S. stocks and government bonds, which spread to Asian and European markets [1] - In the foreign exchange market, this led to a flow of funds towards the Swiss franc and Japanese yen, with the latest quotes showing a 0.5% decline in both USD/CHF and USD/JPY [1]

换资前言： 早安，屏幕前的你，我们总是把短板聚焦到自己身上，但或许恰恰忽略长处。做好每一点，其他的就看 天意。对于刚入市投资金银油的朋友可能会因为工作、生活等问题无法获取国际市场第一新闻或消息， 这对做黄金原油来讲是很大的困扰，所以晟富欢迎做投资的朋友找到我一起共同探讨与进步，让各位随 时随地第一时间知道国际市场动向，做最稳健的单子。晟富每天早7点至凌晨2点实时在线指导，提供投 资信息共享、行情分析、现价策略、做单技巧、仓位管理及风险控制计划！ 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？ 周五（11月14日）亚市早盘，现货黄金窄幅震荡，目前交投于4180.13美元/盎司附近。周四金价在盘中 一度上涨逾1%触及4244.96美元的三周高点后急速回落，转为下跌1%最低触及4145.25美元/盎司，收盘 下跌0.58%至4171.22美元每盎司。白银表现更惨，现货银下跌近2%至52.26美元，盘中虽曾升至10月17 日以来高位，但最终难逃抛售命运。交易员地指出，这是一场典型的"买消息、卖事实"行情：政府重开 消除了不确定性，却让投资者集体获利了结，贵金属市场被卷入股票、债券、美元的集体下跌漩涡中。 ...

Core Insights - The price of gold has experienced significant fluctuations, reaching a high of $4,360 per troy ounce on October 20, before dropping to $3,970 and then rebounding to around $4,260 recently, indicating ongoing volatility in the market [2][3][7] - Analysts suggest that despite the end of the federal government shutdown, the demand for gold remains strong due to economic uncertainty and potential political risks, with UBS projecting a possible price increase to $4,700 if risks escalate [3][4][7] Investment Demand - There has been a notable increase in investment demand for gold, particularly from North American exchange-traded funds (ETFs), which have significantly boosted trading volumes [3][8] - U.S. gold trading volume reached a record high of $208 billion per day in October, with a 59% increase in September and a further 51% rise in October, driven primarily by ETF demand [8] Market Environment - The current market environment remains uncertain, with potential for further government shutdowns and legal challenges to tariff policies, which could sustain support for gold prices [9][10] - UBS anticipates that global gold demand could reach its highest level since 2011 due to factors such as potential interest rate cuts, a weakening U.S. dollar, and high levels of global government debt [11] Retail Demand - Retail demand for gold has shown improvement, particularly for gold bars in the U.S., with reports of strong sales from retailers like Costco, driven by consumer trust and stable pricing in a rising market [12]

最近后台有不少粉丝在问黄金的事。11月初，美国结束了政府停摆，按理说市场风险降低了，黄金应该 跌才对。 但实际情况正好相反，国际金价不仅没跌，反而稳稳站在高位，国内金价也跟着涨，周大福、老庙这些 品牌的金饰价格已经突破了1300元/克。 不过金饰卖不动了，但金条却卖得火热。这到底是怎么回事？今天咱就从几个方面来聊聊黄金这波行 情。 政府停摆结束后的资金流动 美国政府停摆确实结束了。根据美国财政部的数据，停摆期间有大约75万联邦雇员没有拿到工资，很多 政府合同也被暂停。现在政府重新开门，这些欠薪和欠款需要补上。 美联储的降息预期 比短期资金流动更重要的，是市场对美联储政策的预期。根据芝加哥商品交易所的FedWatch工具显 示，市场预期美联储在12月降息的概率确实比较高。 美联储在2024年9月、11月和12月连续三次降息，每次降25个基点，累计降息75个基点。联邦基金利率 从5.25%到5.5%的区间降到了4.25%到4.5%。这是美联储自2020年以来首次降息周期。 美联储主席鲍威尔在11月7日的新闻发布会上表示，美联储将根据经济数据来决定是否继续降息。他提 到，虽然通胀率已经从高点回落，但距离2%的目标还 ...

COMEX黄金重回4200美元上方。 受国际金价上涨影响，13日国内多家金店调整金饰价格。周大福、周大生足金饰品价格由前一日的1313 元/克，上涨至1333元/克，克价一夜上涨20元；周生生足金饰品价格由前一日的1309元/克上涨至1326 元/克，克价一夜上涨17元。 消息面上，路透社报道，美国国债收益率在众议院投票重新开放政府之前下滑；同时，美国政府结 束"停摆"后可能会恢复经济数据发布，并提振对美联储12月降息的预期。 报道指出，美国政府为期42天的"停摆"对经济造成了压力，并导致政府数据中断，促使政策制定者和市 场依赖私人指标来衡量经济状况。而美国自动数据处理公司(ADP)公布数据显示，美国劳动力市场持续 疲软。此外，乌克兰停止与俄罗斯谈判，也让地缘政治风险加剧。 中新网11月13日电(记者 左雨晴) 价格巨震后，黄金迎来"4连涨"。 当地时间11月12日，国际金价连续第4个交易日上涨，在重回4100美元两天后，再次突破4200美元关 口。COMEX黄金涨2.07%，报4201.4美元/盎司；伦敦现货黄金突破4200美元关口后回落，收报4194.605 美元/盎司，涨1.68%。11月13日，国际金 ...

Core Insights - International gold prices have experienced a significant increase, marking a fourth consecutive day of gains, with prices surpassing $4200 per ounce [1][3]. Gold Market Dynamics - On November 12, COMEX gold rose by 2.07% to $4201.4 per ounce, while London spot gold closed at $4194.605 per ounce, up 1.68% [1]. - Domestic gold jewelry prices have adjusted accordingly, with notable increases in prices from major retailers such as Chow Tai Fook and Chow Sang Sang [3]. - The recent rise in gold prices is influenced by a decline in U.S. Treasury yields and expectations of a potential interest rate cut by the Federal Reserve in December [3][4]. Economic Factors - The U.S. government shutdown has created economic pressures, leading to a reliance on private indicators for economic assessment [3]. - The labor market in the U.S. remains weak, as indicated by data from ADP, contributing to the demand for gold as a safe-haven asset [3][4]. Central Bank Actions - The trend of monetary easing continues, with expectations of a cumulative 25 basis points rate cut by the Federal Reserve this year, supporting the value of gold [4]. - Global central banks have maintained a strong demand for gold, with an average net purchase of over 1000 tons per year since 2022, significantly above previous averages [4]. Investor Behavior - The demand for gold as a hedge against uncertainty remains robust, driven by various geopolitical risks [4]. - Investors are advised to monitor market changes closely and manage their gold investments based on personal risk tolerance and investment needs [4]. Banking Adjustments - Recent adjustments in gold accumulation business by domestic banks, such as Citic Bank and China Construction Bank, reflect changing market conditions [4][6]. - China Construction Bank has introduced new rules regarding large redemptions, which may affect liquidity for investors [6].

Core Insights - The recent surge in gold prices, with international gold reaching over $4200 per ounce and a year-to-date increase of nearly 50%, is primarily driven by strong market expectations for a Federal Reserve interest rate cut in December [1] - Domestic gold jewelry prices have also risen, with brands like Chow Tai Fook increasing their prices to 1313 yuan per gram, reflecting the overall upward trend in the gold market [1] Market Dynamics - The expectation of a 66% probability for a Federal Reserve rate cut is influencing investor behavior, as lower interest rates typically lead to increased demand for safe-haven assets like gold [1] - Additional factors contributing to the rise in gold prices include growing global economic uncertainty and heightened geopolitical risks, which further enhance the demand for gold as a safe-haven asset [1] Consumer vs. Investor Strategies - Consumers looking to purchase gold jewelry are encouraged to act decisively, as the primary function of jewelry is for adornment, and price fluctuations have minimal impact on its use value [2] - In contrast, investors considering gold bars should exercise caution due to the recent volatility in gold prices and the evolving interpretations of market regulations, suggesting a more measured approach is necessary [2] Rational Response - The current gold market presents both opportunities and challenges; consumers can take advantage of rising prices for jewelry, while investors should avoid impulsive decisions based on short-term price movements [3] - A rational analysis and long-term planning are essential for both consumers and investors to navigate the gold market effectively and capitalize on genuine opportunities without being swayed by market emotions [3]