摘要今日周二(12月23日)亚盘时段，黄金市场短期回调，国内外同步温和调整，但整体强势未改。截至 今早9时10分，伦敦金现报4478.24美元/盎司，涨0.41%；Au(t+d)报972.3元/克，跌0.88%，沪金主连失守 短期支撑。圣诞假期临近交投清淡，获利了结致回调，但降息预期、地缘风险及央行购金等核心支撑仍 在，中长期上行逻辑稳固。 【要闻速递】 最新市场数据显示，黄金呈现"内外分化、实物与期货同步调整"特征。国际方面，伦敦金现小幅收涨但 盘中波动加剧，折射假期前市场谨慎情绪；国内回调更明显，人民币计价黄金品种普跌，各地金店实物 金价同步下行：北京周大福足金999报1360元/克(日跌8元)，上海老凤祥1358元/克(跌0.51%)，广州中国 黄金（600916）1248元/克(议价空间扩大)；银行投资金条跟调，建行928元/克、中行926元/克、工行929 元/克，较前日跌6-7元，回调温和无恐慌抛售，深圳水贝批发价1125元/克显实物需求支撑。 美联储政策仍是核心变量：12月FOMC降息25基点至3.50%-3.75%，但3张反对票(2019年来最多)显内部 分歧，短期1月维持利率概率升至79%抑 ...

值得关注的是，此次领涨的COMEX黄金与现货黄金分属不同交易品种，交易规则存在差异。 作为全球黄金定价基准之一，COMEX黄金是纽约商品交易所（隶属于芝加哥商业交易所集团）推出的 美式黄金期货合约（交易代码GC），每宗交易量100金衡盎司、标的为99.5%成色金，涵盖期货、迷你 期货等多种交易类型，迷你期货每宗交易量50盎司、最小波动0.25美元/盎司，实行保证金制度并支持 实物交割；其市场参与者以大型对冲基金及机构为主、流动性充足，价格受美联储政策和地缘风险等因 素显著影响，交易时段主要分为夏令时（北京时间6:00-次日5:00）和冬令时（7:00-次日5:00）。 （原标题：突破历史极值！黄金期货现货携手飙升 国内金价站上千元大关） 21世纪经济报道记者 张欣 延续本周一的上涨热潮，12月23日11点17分，黄金期货与现货黄金价格双双暴涨并再创历史新高。其 中，COMEX黄金升破4500美元/盎司，年内涨幅超71%；现货黄金升破4485美元/盎司，年内涨幅超 70%，两大品种均刷新历史纪录。 此次新高行情并非突然爆发，12月22日国际金价已率先发力，现货黄金盘中首次突破4400美元/盎司整 数关口，为后续 ...

Core Viewpoint - The gold prices have surged to historic highs, with COMEX gold surpassing $4500 per ounce and spot gold exceeding $4485 per ounce, marking annual increases of over 71% and 70% respectively [1][12]. Price Movements - As of December 23, 2025, COMEX gold reached $4519.2 per ounce, reflecting a 1.11% increase on that day and a 71.23% increase year-to-date [2][13]. - Spot platinum and palladium also saw significant increases, with platinum at $2211.3 per ounce (up 5.83% for the day) and palladium at $1807.00 per ounce (up 1.85% for the day) [2][13]. - Domestic gold prices have crossed the 1000 RMB per gram mark, with prices reported at 1009 RMB per gram, corresponding to an international price of $4479 per ounce [3][14]. Market Dynamics - The surge in gold prices is attributed to multiple factors, including expectations of interest rate cuts by the Federal Reserve, geopolitical uncertainties, and a trend towards de-dollarization [9][20]. - Central banks globally are increasing their gold reserves, with a reported net addition of 1045 tons in 2024, which is 21% of the global gold production for that year [10][21]. Regulatory Changes - The Shanghai Gold Exchange has announced fee adjustments for trading in 2026, including reduced fees for various contracts, aiming to manage the market's volatility [17]. - The Shanghai Futures Exchange has also set limits on the maximum number of contracts for silver futures trading, effective December 24, 2025 [19]. Future Outlook - Analysts predict that gold prices may stabilize between $4500 and $5000 per ounce, with extreme scenarios potentially exceeding $5200 per ounce [11][22]. - The ongoing trend of central banks increasing gold holdings is expected to remain a significant factor influencing the gold market in 2026 [21].

记者丨 张欣 编辑丨肖嘉 视频丨曾婷芳 见习编辑陈泽锴 延续本周一的上涨热潮，截至12月23日12：43，黄金期货与现货黄金价格双双暴涨并再创历史新高。 其中，COMEX黄金升破4500美元/盎司，年内涨幅超71%；现货黄金升破4485美元/盎司，年内涨幅超70%，两大品种均刷新历史纪录。国内金 价站上千元大关。 | | 你需要屋 | | | | | --- | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | 年初至今 | | NYMEX铂 | 2211.3d | 121.9 | 5.83% | 142.89% | | NYMEX铝 | 1904.50d | 73.60 | 4.02% | 109.40% | | 现货铂金(美元/盎司) | 2178.90 | 49.20 | 2.31% | 141.03% | | 现货把金(美元/盎司) | 1807.00 | 32.90 | 1.85% | 98.90% | | COMEX自银 | 69.730d | 1.165 | 1.70% | 138.07% | | COMEX黄金 | 4519.2d | 49.8 | ...

现货黄金5分钟图 具体行情显示，现货黄金日内一度涨超2.3%报每盎司4442.22美元，现货白银一度涨3.3%报每盎司69.46美元，双双刷新历史纪录，年内金银分别累涨69%和 137%，势将创下1979年以来的最大年度涨幅。 现货黄金日线图 周一（12月22日）纽约时段，现货黄金价格加速上涨，日内涨幅扩大至2%，有望与现货白银一同录得逾四十年来最强劲的年度表现。 12月23日消息，国际金银续创新高。COMEX黄金期货涨2.13%，报4480.6美元/盎司；COMEX白银期货涨2.37%，报69.09美元/盎司。 根据每天更新的价格，12月23日黄金实物价格如下： | 国内现货 | 国际现货 | 黄金实物 | | | --- | --- | --- | --- | | 品牌 | 银行 回收 | | | | 品牌 | | 价格(元/克) | 日涨跌幅 | | 周大福 | | 1368 | +0.59% | | 老凤祥 | | 1365 | +0.22% | | 周六福 | | 1319 | +0.53% | | 周生生 | | 1367 | +0.59% | | 六福珠宝 | | 1366 | +0.59% | ...

（来源：大众新闻-大众日报） 当地时间周一，市场对美联储明年多次降息的预期升温，叠加美国和委内瑞拉局势引发避险交易活跃，国 际金价显著上涨，突破每盎司4400美元整数关口，创盘中和收盘历史新高。与此同时，受美联储降息、供 应紧缺、投资需求和工业需求显著增加等因素综合影响，白银期价也延续强劲涨势，周一收盘再创历史新 高。 22日美国三大股指集体收涨 当地时间周一，随着年末的临近，美股受到季节性与技术性因素支撑，三大股指高开高走。随着美国11月 通胀数据意外回落、失业率反弹，市场更多押注美联储明年至少降息两次，同时也看好美国上市企业明年 的盈利增长前景。 受降息预期升温推动，金融、材料和工业等类别的周期股和小盘股领涨美股，同时，此前接连遭抛售的热 门AI概念股被部分投资者逢低买入，七大科技巨头与热门芯片股多数上涨，美国三大股指集体收涨。截至 收盘，道指涨0.47%，标普500指数涨0.64%，纳指涨0.52%。个股方面，特斯拉是美股周一成交额最高的个 股，收涨1.56%，股价创盘中新高；存储芯片股周一集体走高，美光科技预计整个行业供应紧缺的情况可 能持续数年，美光科技周一收涨4.01%。 22日欧洲三大股指集体收 ...

Core Viewpoint - Nickel prices are experiencing a significant upward trend, influenced by improved macro sentiment and short-term supply-demand changes [1] Group 1: Price Trends - As of December 23, 2025, the spot market price for 1 nickel ranges from 122,700 to 128,900 yuan/ton, with an average of 125,800 yuan/ton, reflecting an increase of 3,850 yuan/ton from the previous day [1] - The futures market shows even stronger performance, with the main contract for nickel on the Shanghai Futures Exchange rising by over 3% during trading [1] - LME nickel prices also saw a significant increase in overnight trading, leading gains in the base metals sector [1] Group 2: Supply and Demand Dynamics - The global nickel market is undergoing profound changes in supply and demand structures due to the green transition and industrial chain restructuring [2] - Indonesia's policy adjustments are a core variable affecting supply, with changes in quota approval and new capacity thresholds continuing to disrupt medium to long-term supply expectations [2] - Demand from the stainless steel industry remains cautious due to terminal consumption and industry profit constraints, while the anticipated growth in the new energy battery sector is showing seasonal slowdowns [2] Group 3: Industry Chain Analysis - Nickel ore price fluctuations directly impact the cost curves of various smelting paths, with integrated resource-smelting companies enjoying significant cost advantages [3] - Nickel iron prices show some resilience at low points, indicating a tight balance in the spot market, while nickel sulfate prices are under pressure due to a slowdown in downstream demand [3] - The overall industry chain is currently in a state of "weak supply and demand, dynamic balance" [3] Group 4: Strategic Adjustments by Leading Companies - Leading companies are actively adjusting strategies in response to the current industry environment, with some implementing planned production cuts or line maintenance due to short-term profit pressures [4] - Companies are accelerating the development of high-value projects such as high-grade nickel and nickel sulfate, pushing the industry structure towards deeper processing [4] - Market focus is heavily concentrated on Indonesian policy developments, particularly regarding the recent reduction in domestic benchmark prices for nickel ore [4][5] Group 5: Short-term Price Outlook - Nickel prices are expected to maintain a strong oscillating pattern in the short term, with a core range of 122,000 to 130,000 yuan/ton [6] - The main logic behind this outlook includes macro sentiment support, limited supply elasticity due to policy uncertainties in major producing countries, and resilient demand from stainless steel [6] - Key factors for future price movements include the execution of Indonesian policies, recovery in stainless steel consumption, and the evolution of inventory replenishment in the new energy supply chain [6]

Group 1 - Gold prices have surged significantly, with COMEX gold reaching $4524.9 per ounce and London gold at $4490.08 per ounce, marking annual increases of over 62% and 71% respectively, representing the strongest annual performance in over 40 years [1][6] - Physical gold prices have also hit record highs, with brands like Chow Tai Fook and Lao Miao Gold quoting prices above 1400 yuan per gram [3][4] - The recent surge in gold prices is driven by increased demand for safe-haven assets and expectations of further monetary easing by the Federal Reserve, amid geopolitical tensions and potential sanctions on Russia [6] Group 2 - The World Gold Council reported a net increase of 53 tons in global official gold reserves in October, the largest monthly net demand for gold this year, contributing to the upward trend in gold prices [6] - Looking ahead to 2026, the gold market is expected to enter a new phase characterized by multiple forces, with potential price increases of 5% to 15% under certain economic conditions, and even 15% to 30% in extreme scenarios [7] - Factors such as global economic recovery, changes in interest rate cycles, and potential dollar strength could exert pressure on gold prices, with possible declines of 5% to 20% if these conditions materialize [7]

【导读】国际金价持续刷新历史新高 中国基金报记者 忆山 金价仍在一路狂飙！ 继前一日大幅上涨、创下历史新高后，12月23日，COMEX黄金又相继突破4500美元/盎 司、4510美元/盎司、4520美元/盎司关口，截至发稿，报4524.9美元/盎司，年内涨幅超 62%；伦敦金现也突破4490美元/盎司关口，截至发稿，报4490.08美元/盎司，年内涨幅超 71%。 至此，现货、期货黄金均录得逾四十年来最强劲的年度表现。 COMEX黄金 < Q GC.CMX 3.33万 4469.4 总手 昨结 4524 9 4481.8 现手 6 +1.24% 开盘 +55.5 1.60万 最高价 4526.5 持 仓 36.21万 外 盘 最低价 4479.8 增 仓 1.73万 1.05万 内 盘 分时 | 五日 | 日K | 周K | 月K 更多 ◎ 叠加 设均线 MA5:4421.9↑ 10:4367.3↑ 20:4298.8↑ 前复权 4660.4 -4526-5- 3808.1 08-11 12-23 10-16 成交量 总手:3万 总额:0 VMA5:17万 VMA10:19万 VMA20:18万 × 实物黄金 ...

10:49 黄金ETF持仓报告 公布机构：美国SPDR Gold Trust 当前总持仓 1064.56 吨黄金 黄金ETF总持合变化 更新时间:2025-12-2 1,070 1.060 1,050 1.040 1.030 1,020 1.010 2025-11-13 2025-10-27 2025-12-03 2025 -- EBC黄金ETF持仓报告解读 截至12月22日，全球最大的黄金ETF SPDR Gold Trust持仓量为1064.56吨，较前一个交易日大幅增加12.02吨。12月22日，受到地缘政治紧张局势和美联储降 息预期推动，现货黄金大幅攀升，一举冲破4400美元/盎司关口，最高飙涨至4449.22美元/盎司，再创历史新高，收于4443.65美元/盎司，涨105.10美 元/2.42%。 今年以来，黄金累计上涨67%，屡创新高，并首次突破3,000美元和4,000美元两大关口，有望录得自1979年以来的最大年度涨幅。在黄金大涨之际，白银的 涨势更为猛烈，逼近70美元关口，年内涨幅高达138%，大幅跑赢黄金，主要受强劲的投资资金流入以及持续的供应受限支撑。 分析人士指出，12月通常是黄金和白 ...