回顾过去一年的投资，林岳（化名）很庆幸自己重仓了黄金。 从去年初就开始断断续续买进黄金的他，一年下来，购买了包括实物黄金在内的各种黄金投资近50万元。随着黄金价格暴涨，林岳有了十几万的收 益，"庆幸自己坚定看好了黄金的涨势。" 不仅是黄金，2025年堪称贵金属"史诗级一年"，国际金银均创1979年以来最大年度涨幅。新年伊始，投资黄金白银是不是好的选择？又有什么需要注意的 方面？ 贵金属新年开门红 1月2日，贵金属集体迎来开门红。 Wind数据显示，现货黄金一度涨近2%，突破4400美元/盎司，收盘报4332.505美元/盎司，涨0.33%。现货白银日内涨幅一度扩大至4.17%，触及74美元/盎 司，收盘报72.824美元/盎司，涨1.74%。此外，现货铂金、现货钯金纷纷走高，涨超3%与1.5%。 社交平台截图 中国外汇投资研究院研究总监李钢对潮新闻记者表示，黄金在去年继续表现出较强的避险属性，特别是在全球经济受制于关税恶化预期和地缘政治紧张叠 加的背景下。美国和其他主要经济体的货币政策松中有稳，通胀压力虽已明显降温，但高位顽固性仍存，这推动了投资者对黄金的需求。在2025年末，黄 金价格逐渐稳定在高位，成为市 ...

来源：新浪新闻 #今年黄金白银还涨吗# 【2026年，黄金白银价格还涨吗？】#专家谈20206年黄金价势#据中新网，2026 年，贵金属价格是否继续上涨？有哪些投资标的值得关注？普通人该如何投资理财？据央行公布的数 据，截至2025年11月末，中国黄金储备规模达到7412万盎司，环比增加3万盎司，已连续第13个月增持 黄金。美联储自今年9月以来已累计降息75个基点，市场普遍预计，2026年美联储可能再进行约两次降 息。 万喆也提醒，白银市场已连续多年处于结构性短缺状态，在2026年仍具备较强的基本面支撑，但其价格 波动幅度预计将明显高于黄金。 与此同时，白银的工业属性近年来持续强化。在新能源产业带动下，光伏产业对白银的需求快速增长， 目前每年光伏领域对白银的消耗量已超过2亿盎司。此外，电子元器件等制造领域对白银的需求也在同 步上升。 0 6 @每日经济新闻 I T PARTS IN BE 8 の駅 65 @每日经济新闻 北京师范大学教授万喆在接受记者采访时表示，央行持续购金仍是支撑黄金价格的重要因素。从宏观环 境看，美联储已进入降息周期，实际利率下行将降低持有黄金的机会成本，对金价形成中长期支撑。同 时，全球 ...

Core Viewpoint - Precious metal stocks are experiencing a pre-market rise, driven by increasing gold and silver prices, with expectations for strong performance in 2026 due to factors like potential U.S. interest rate cuts and a weakening dollar [1] Group 1: Market Performance - Coeur Mining (CDE.US) rose nearly 4%, Pan American Silver (PAAS.US) increased over 2%, and Barrick Gold (B.US), Newmont Mining (NEM.US), and Harmony Gold (HMY.US) all gained over 1% [1] - Spot gold prices increased by over 1%, reaching a peak of $4,400, while spot silver surged by 3%, reclaiming the $73 mark [1] Group 2: Influencing Factors - The rise in precious metals is attributed to expectations of further U.S. interest rate cuts and a weaker dollar, which may support prices in 2026 [1] - In 2025, precious metals experienced a significant upward trend, with gold prices hitting a series of historical highs due to central bank gold purchases, Federal Reserve easing policies, and a weaker dollar [1] - Geopolitical tensions and trade frictions led by the U.S. have also contributed to increased demand for safe-haven assets [1]

Core Viewpoint - Precious metal stocks showed pre-market gains, with notable increases in companies such as Coeur Mining (CDE.US) and Pan American Silver (PAAS.US), driven by rising gold and silver prices [1] Group 1: Market Performance - Gold prices increased by over 1%, reaching a peak of $4,400 during the day, while silver surged by 3%, surpassing $73 [1] - Major mining companies including Barrick Mining (B.US), Newmont Mining (NEM.US), and Harmony Gold (HMY.US) also experienced gains of over 1% [1] Group 2: Market Influences - The rise in precious metals is attributed to expectations of further interest rate cuts in the U.S. and a weakening dollar, which may lead to strong performance in 2026 [1] - Concerns about broad index rebalancing may exert pressure on prices in the near term [1] Group 3: Historical Context - The year 2025 saw a significant rally in precious metals, with gold prices reaching a series of historical highs due to central bank purchases, Federal Reserve easing policies, and a weaker dollar [1] - Geopolitical tensions and trade frictions led by the U.S. have also contributed to increased demand for safe-haven assets [1]

Core Viewpoint - Gold and silver prices have risen on the first trading day of 2026, continuing the best annual performance since 1979, with gold reaching approximately $4,375 per ounce and silver increasing over 2% [1][4]. Group 1: Market Performance - Gold prices increased by 1.3% to $4,375.15 per ounce, while silver rose by 2.5% to $73.4459 per ounce [2][5]. - The Bloomberg Dollar Spot Index declined by 0.1%, indicating a weaker dollar which is favorable for precious metals [2]. Group 2: Future Outlook - Traders expect that further interest rate cuts by the Federal Reserve and a weaker dollar will support precious metals in 2026, although there is caution regarding potential price pressure from index rebalancing [1][4]. - Daniel Galley, a senior commodity strategist at TD Securities, predicts that 13% of positions in silver futures on the New York Mercantile Exchange may be sold off in the next two weeks, potentially leading to a significant drop in silver prices [1][4]. Group 3: Influencing Factors - The rise in gold prices in 2025 was supported by significant purchases from central banks, a loose monetary policy from the Federal Reserve, a weaker dollar, and increased demand for safe-haven assets due to geopolitical tensions and trade frictions led by the U.S. [1][4]. - Multiple leading investment banks are optimistic about gold prices continuing to rise in 2026, with Goldman Sachs projecting a price of $4,900 per ounce under baseline expectations, indicating potential for upside surprises [2][5].

Core Viewpoint - Precious metals, including gold and silver, are expected to perform well in 2026, continuing the strong performance seen in 2025, driven by factors such as potential further interest rate cuts by the Federal Reserve and a weaker dollar [1][3]. Group 1: Market Performance - Gold prices are nearing $4,400 per ounce, while silver has surpassed $74, indicating a strong start to 2026 [1]. - The precious metals market experienced significant volatility in late December 2025 due to profit-taking by investors, but the fundamental factors are regaining focus as the year begins [3]. - In 2025, gold reached multiple historical highs, supported by central bank purchases, the Federal Reserve's easing policies, and geopolitical tensions that increased safe-haven demand [3]. Group 2: Market Dynamics - Silver's price increase in 2025 was even more pronounced than gold's, reaching levels previously deemed unattainable, influenced by concerns over potential U.S. import tariffs on refined metals [3]. - Analysts predict that up to 13% of total positions in the Comex silver market may be liquidated in the next two weeks, which could lead to a significant price reevaluation and decline [3]. - Major banks remain bullish on gold prices for 2026, with Goldman Sachs projecting a rise to $4,900 per ounce, indicating an upward risk bias [4].

更为重要的是，央行强劲买盘成为黄金上涨的坚实后盾。各大国央行持续增持黄金，以多元化储备、对冲通胀和地缘风险。只有少数如俄罗斯因战争需要而 出售黄金，其他央行则成为净买家。这种结构性需求，推动黄金价格稳步上行。此外，资金大量流入黄金ETF，也为市场注入了强大流动性。这些因素共同 作用，让黄金在2025年实现了64%的惊人涨幅。交易者未来将继续留意国际基本面变化对金价更多影响。 技术面： 基本面： 周五（1月2日）亚盘时段，现货黄金跳空并扩大反弹空间试图挑战4400关口，目前暂交投于4371美元 附近。周三（12月31日）现货黄金价格下跌0.6%至每 盎司4318.67美元，但这丝毫无法掩盖2025年金价耀眼的业绩。黄金全年累计涨幅约64%，这不仅是近年来最强劲的表现，更是自1979年以来最大的年度涨 幅，创下了46年来的新纪录。这一波上涨，让黄金从年初的相对低位一路飙升，多次刷新历史高点，吸引了全球投资者的目光。 不仅仅是黄金，其他贵金属的表现更是令人惊叹。白银全年涨幅超过147%，远远甩开黄金，成为有史以来最强劲的年度表现者。周三白银价格虽大跌6.2% 至71.48美元，但此前已触及83.94美元的历史巅峰。 ...

Fundamental Analysis - On January 2, 2026, spot gold showed a slight increase, trading around $4044, up approximately 0.6%, while spot silver rose 1.6% to $72.64 per ounce [1] - The significant rise in gold prices in 2025 was attributed to multiple favorable factors, including the Federal Reserve's interest rate cuts, which lowered the opportunity cost of holding non-yielding assets like gold [1] - Geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, have further enhanced gold's appeal as a safe-haven asset, driving investors towards gold amid global uncertainties [1] Market Performance - In 2025, the global precious metals market experienced a historic surge, with gold prices increasing by approximately 64%, marking the largest annual gain since 1979 [3] - Silver outperformed gold with an annual increase of over 147%, while platinum and palladium also saw significant gains of over 126% and 75%, respectively, indicating a strong bull market across the sector [3] - Despite a notable decline in prices at the end of the year, the overall performance of precious metals in 2025 was remarkable, attracting global investor interest [3] Central Bank Activity - Central banks have been strong buyers of gold, diversifying reserves and hedging against inflation and geopolitical risks, with most central banks being net buyers [4] - This structural demand from central banks has contributed to the steady rise in gold prices, alongside significant inflows into gold ETFs, enhancing market liquidity [4] Outlook for 2026 - Analysts maintain an optimistic outlook for 2026, predicting that gold prices could reach $5000 per ounce and silver could hit $100 per ounce, despite potential short-term volatility [5] - The ongoing bull market for precious metals is expected to continue, supported by central bank purchases, miner stockpiling, and speculative interest, alongside persistent geopolitical risks and further easing from the Federal Reserve [5] - The closing price on January 2, 2026, is seen as a critical indicator for future price movements, with a close near the high suggesting continued upward momentum [5]

元旦快乐，感恩您一直的支持和厚爱，新的一年，祝您如星璀璨，诸事顺遂，马到成功，马年大吉！回 顾过往，我们结伴而行，彼此信任，相拥取暖，同舟共济，不管是在逆势中进取，还是在顺势中欢喜， 感谢大家每一次的信任和托举，也珍惜未来的互相和共赢！25年得到了很多，也错过了很多，胜不骄， 败不馁，不过我需要总结，需要进步，打好基础，为未来创造更多可能！新的一年即将开始，在26年 里，晟富还是一如既往的，负责，认真，竭尽全力的为大家创造更多价值和可能！跟大家一起共勉！愿 大家交易之路步步为赢，日子红红火火，未来马上发财！ 前言： 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（1月2日），2026年的第一个交易日亚市早盘，现货黄金震荡微涨，目前交投于4053美元附近，涨 幅约0.68%；现货白银目前上涨1.6%至72.64美元/盎司附近。黄金全年累计涨幅约64%，这不仅是近年 来最强劲的表现，更是自1979年以来最大的年度涨幅，创下了46年来的新纪录。这一波上涨，让黄金从 年初的相对低位一路飙升，多次刷新历史高点，吸引了全球投资者的目光。尽管年末金价出现回落，但 这更多是短期技术性调整，而非趋势反转。芝加 ...

2025年12月31日午后，现货黄金直线下跌，一度下跌1.50%失守4300美元/盎司。 金价下跌同步传导至水贝黄金和品牌金。蓝鲸新闻记者了解到，1月1日，紫锦城珠宝交易中心足金价格为1012元/克，古法金价格为1032 元/克。 蓝鲸新闻 2026-01-01 14:00发布于北京蓝鲸财经官方账号 蓝鲸新闻1月1日讯（记者 郝妍）贵金属的火热在过山车般的行情后再度被推高，新年伊始，叠加节日效应，被称为"上海水贝"的紫锦城 珠宝交易中心今天一大早就挤满了买金的消费者。 蓝鲸新闻记者从多位水贝黄金商户处了解到，由于近几天金价经历了急涨急跌，因此叠加假日生意本来就很火爆。其中一位水贝商户表 示，今天来买金的消费者中有不少年轻夫妻来购置结婚"三金"，"这两天金价跌不少，很划算的。" 此外，多家黄金珠宝品牌公布的境内足金首饰价格较昨日也有所下调，老凤祥报价1360元/克，老庙黄金报价1354元，周生生报价1345 元/克，六福珠宝报价1361元/克。 和此前紫锦城只有黄金相关柜台火热不同，1月1日，不少铂金饰品和银饰也吸引了消费者询价，甚至有不少消费者购买投资银条时出现 断货缺货情况。 蓝鲸新闻记者从一位商户处了解到 ...