北京商报讯（记者 宋亦桐 周义力）贵金属市场集体迎来"高光"时刻。12月22日，黄金、白银、铂金、 钯金四大贵金属品种同步发力，奏响上涨"主旋律"。Wind数据显示，截至15:00，伦敦金现盘中冲高至 4420.070美元/盎司，突破10月20日4381.48美元/盎司的前期高点，刷新历史纪录；伦敦银现更是首度站 上69美元/盎司关口，盘中最高触及69.45美元/盎司，同步改写历史峰值。国际期货市场亦同步跟涨， COMEX黄金攀升至4443.5美元/盎司，COMEX白银期货冲高至69.525美元/盎司，均再创历史新高。 体工业需求的复苏程度，其走势与全球宏观经济景气度的绑定更深，与黄金的相关性可能减弱。"2026 年大概率将形成黄金引领、白银高波动跟随、铂金钯金回归自身供需基本面的分化格局。"武泽伟如是 说道。 行情火热之下，投资者的参与策略备受关注，明明提示，尽管当前宏观环境对贵金属板块整体有利，但 核心品种价格已处于历史高位区间，投资者需充分认知潜在风险，结合自身风险承受能力谨慎参与交 易。 武泽伟则进一步强调，投资者需理性认识本轮上涨的核心逻辑，其本质是长期驱动因素累积的结果，而 非短期投机炒作催生的行 ...

指数大涨的情况下，美中不足的是，今天市场有大约一半的个股处于下跌状态，市场共2984只个股上涨，105只个 股涨停，2265只个股下跌。 今天全市场暴涨，又能开开心心找原因了！一起来看看发生了什么事情。 股市暴涨 12月22日，A股全天走强，沪指重返3900点上方，截至收盘，沪指涨0.69%，深成指涨1.47%，创业板指涨2.23%。 黄金、白银也在暴涨。石油大涨。 为何今天市场大涨？ 接下来分析一下原因。 首先，海南的利好。 12月18日，海南自由贸易港正式实施全岛封关运作，标志着区域开放迈入新阶段。随着政策落地，消费者在岛内 购买电子产品等商品迎来价格利好。 在三亚海旅免税城，苹果手机门店人山人海，免税叠加"满15000减1000"的优惠活动，使得一台最贵的 iPhone17proMax手机比官网便宜2140元；在三亚国际免税城，封关首日限时"三件一折"活动让人们在商场结账处 排起了长队。更加便宜的免税品仅仅是封关带来的基本利好。事实上，从封关这一天开始，一扇面向全球的大门 自海南轰然打开：绝大多数进口商品零关税，对符合条件的货物实施"径予放行"，海南与境外之间的货物、资 金、人员往来，将享有前所未有的自 ...

Core Viewpoint - Global precious metal prices are on the rise, with gold and silver reaching historical highs, driven by multiple favorable factors including geopolitical tensions and expectations of a dovish Federal Reserve policy [1][2]. Group 1: Precious Metal Price Trends - As of December 22, spot gold prices surpassed $4,400 per ounce, marking a year-to-date increase of over 67% [1] - Silver prices climbed above $69 per ounce, achieving a year-to-date increase of over 140% [1] - Platinum prices broke the $2,000 per ounce mark for the first time since 2008, with a year-to-date increase exceeding 127% [1] - Palladium reached a peak price of $1,839 per ounce, with a year-to-date increase of over 96% [1] Group 2: Future Outlook and Influencing Factors - Analysts predict that gold and silver prices will maintain an upward trend due to geopolitical conflicts, the onset of a Federal Reserve rate cut cycle, and a decline in the dollar's credibility [1][2] - The Federal Reserve's December meeting indicated a more dovish stance than market expectations, which is expected to drive liquidity and support precious metal prices [2] - The narrative of shrinking dollar credit is anticipated to continue influencing the upward trend of precious metals, with expectations of economic recovery supporting silver's potential for greater price elasticity [2] Group 3: Investment Demand and Supply Dynamics - Global central bank gold purchases are at a high level, with investment demand expected to reach historical highs in the first three quarters of 2025 [2] - The influx of funds into global gold ETFs is projected to continue, with Asian investments replacing North American dominance, leading to record high total holdings [2] - A tight balance between gold supply and demand is expected to support price increases, with significant growth in investment demand anticipated for 2025 [2] Group 4: Silver and Other Precious Metals Forecast - The silver market is expected to show more significant performance in 2026, driven by persistent supply-demand imbalances [3] - Price targets for silver in 2026 are projected to reach approximately $75 per ounce, with stronger driving factors expected in the first half of the year [3] - Platinum and palladium prices are also expected to rise in 2026, with platinum likely to outperform palladium due to better fundamentals and financial attributes [3] - Price ranges for platinum and palladium in 2026 are estimated between $1,500-$2,800 per ounce and $1,200-$2,250 per ounce, respectively [3]

今天全市场暴涨，又能开开心心找原因了！一起来看看发生了什么事情。 股市暴涨 12月22日，A股全天走强，沪指重返3900点上方，截至收盘，沪指涨0.69%，深成指涨1.47%，创业板指涨2.23%。 指数大涨的情况下，美中不足的是，今天市场有大约一半的个股处于下跌状态，市场共2984只个股上涨，105只个股涨停，2265只个股下 跌。 | 880005 张跌家数 | | | | --- | --- | --- | | 日日 | 涨停 | 105 | | 涨幅 | > 7% | 169 | | 涨幅 | 5-7% | 128 | | 涨幅 | 3-5% | 299 | | 涨幅 | 0-3% | 2388 | | 跌幅 | 0-3% | 2107 | | 跌幅 | 3-5% | 100 | | 跌幅 | 5-7% | 23 | | 跌幅 | > 7% | 29 | | 其中 跌停 | | 33 | | 上涨家数 | | 2984 | | 下跌家数 | | 2265 | | 第二章 | | 213 | | 总品种数 | | 5462 | | 总成交额 | | 18821.94亿 | | 总成交量 | | 1186 ...

12月22日，A股全天走强， 沪指重返3900点上方，截至收盘， 沪指涨0.69%，深成指涨1.47%，创业板指涨2.23%。 指数大涨的情况下，美中不足的是，今天市场有大约一半的个股处于下跌状态，市场共 2984只个股上涨，105只个股涨 停，2265只个股下跌。 | 880005 张跌家数 | | | | --- | --- | --- | | 日中 | 涨停 | 105 | | 涨幅 | > 7% | 169 | | 涨幅 | 5-7% | 128 | | 涨幅 | 3-5% | 299 | | 张悼 | 0-3% | 2388 | | 跌幅 | 0-3% | 2107 | | 跌幅 | 3-5% | 100 | | 跌幅 | 5-7% | 29 | | 跌幅 | > 7% | 29 | | 章中 | 跌停 | 8 | | 上涨家数 | | 2984 | | 下跌家药 | | 2265 | | 平盘停牌 当日种数 | | 213 | | | | 5462 | | 总成交额 | | 18821.94 Z | | 总成交量 | | 118609.07 | | 涨家增减 | | 253 | | 涨家增幅 | ...

Group 1 - The main contract of Shanghai silver futures experienced a rapid increase, with a minimum drop to 16,282.00 yuan and a current price of 16,075.00 yuan, reflecting a rise of 5.18% [1] Group 2 - According to Xinyi Futures, the Shanghai silver 02 contract should be held with a stop-loss strategy, as the current market shows a high degree of crowded long positions, and new positions should be observed cautiously [2] - Zhongcai Futures indicates that the price center of precious metals still has upward potential, supported by macroeconomic factors and industrial demand, despite some negative influences from inflation expectations [3] - Guoxin Futures suggests that the precious metals sector is likely to maintain a strong trend in the short term, while cautioning about increased volatility after significant price increases [3]

Core Viewpoint - Precious metals, including silver, platinum, and palladium, are experiencing significant price increases as the global market enters the "Christmas mode," with silver up 137% year-to-date and tungsten prices up 202% [3][5][9] Precious Metals Market - On December 22, silver rose over 6%, while platinum and palladium futures hit their daily limit [2] - The price of spot gold reached $4,384 per ounce, marking a nearly 1% increase and surpassing the previous record set on October 20 [5] - Year-to-date, international spot gold prices have increased over 65%, while silver prices have exceeded $68.8 per ounce [5] - Domestic silver futures surpassed 16,000 yuan per kilogram, setting a new historical high [5] - The precious metals sector in the domestic stock market has seen a rise of over 80% year-to-date, with significant inflows into gold-related funds [5] Tungsten Market - Tungsten prices have shown remarkable increases, with tungsten concentrate prices rising by 202% year-to-date [3][8] - Recent data indicates that tungsten powder prices have reached 1,030,000 yuan per ton, reflecting a 225.92% increase since the beginning of the year [8] - The supply of tungsten is constrained due to declining ore grades and stricter regulations, while global demand is expected to grow, leading to a projected long-term price increase [9] - The global tungsten supply is anticipated to remain tight over the next 3-5 years, with demand expected to rise from 96,200 tons to 110,000 tons [9]

中辉有色观点 | 品种 | 核心观点 | 主要逻辑 | | --- | --- | --- | | 黄金 ★ | 长线持有 | 美国政策数据喜忧参半，日本政策符合预期，短期重大事件落地，流动性风险偏好 尚可，短期缺乏重大事件驱动。中长期来看，地缘秩序重塑，不确定性持续存在， | | | | 央行继续买黄金，长期战略配置价值不变。 | | 白银 | | 白银交割故事或将持续重演，长期来看市场押注降息持续、供需缺口连续 5 年持续， | | ★★ | 长线持有 | 全球大财政均对白银长期有利，长期做多逻辑不变。短期金银比价大幅快速降低， 盘面进入超买区间，谨防高波动风险 | | 铜 | | 美通胀不及预期，美国虹吸全球铜库存，26 年铜精矿长协 TC 报 0 美元/吨，铜短期 | | ★ | 长线持有 | 易涨难跌，建议铜多单继续持有，回调仍是布局良机，中长期对铜依旧看好。 | | | | 盘面进入超买区间，谨防高波动风险 | | --- | --- | --- | | 铜 | 长线持有 | 易涨难跌，建议铜多单继续持有，回调仍是布局良机，中长期对铜依旧看好。 | | ★ | | | 锌 ★ 承压 海外锌库存持续 ...

12月22日消息，港股黄金白银股拉升走强，其中，中国黄金国际、灵宝黄金涨超6%，中国白银集团涨 近6%，赤峰黄金、招金矿业涨超5%，山东黄金涨超4%，紫金矿业、潼关黄金、珠峰黄金涨超3%。 消息上，亚洲早盘，现货白银涨破68美元/盎司关口，刷新历史高点，日内涨超1.4%，年内累涨约1.36 倍；现货黄金日内涨超1%，突破4380美元/盎司，再创历史新高。 中信建投研报称，美国11月CPI超预期降温，令市场对美联储2026年降息幅度有所上修，黄金、白银、 铂钯等贵金属价格走强，锡、铜、铝等工业金属亦表现强势。一面是充裕的流动性，一面是供给的强约 束，推动商品价格不断挑战阶段性高点。另外，基础原材料对经济发展的重要性越来越被相关国家重 视，甚至启用关税的手段获得这类产品，加剧了市场的区域性缺口，进一步推动价格的上行。 责任编辑：郝欣煜 12月22日消息，港股黄金白银股拉升走强，其中，中国黄金国际、灵宝黄金涨超6%，中国白银集团涨 近6%，赤峰黄金、招金矿业涨超5%，山东黄金涨超4%，紫金矿业、潼关黄金、珠峰黄金涨超3%。 消息上，亚洲早盘，现货白银涨破68美元/盎司关口，刷新历史高点，日内涨超1.4%，年内累涨约 ...

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