对于黄金，威尔逊表示："黄金在不确定性中蓬勃发展。我们在去年看到了这一点——去年黄金价格屡创新高——而现在我们继续看到这种不确定性 在起作用。""目前，你看到的所有支撑黄金价格的因素都在起作用。我们在去年11月预测，认为黄金迟早会达到5000美元。在去年11月看来，这似乎 是个相当大胆的预测，但现在你看看，黄金价格已经在每盎司4700美元了。5000美元并非遥不可及。" 值得一提的是，主要金融机构对黄金的预测依然乐观。澳新银行分析师团队表示，市场地缘政治动荡与避险背景应继续提振全球资金对于黄金的需 求。分析师指出，地缘政治紧张局势、全球宽松的货币政策、不断上升的美国债务负担以及市场对美联储独立性的担忧加剧，这些因素将共同支撑 黄金在今年下半年价格突破每盎司5,000美元点位。 高盛指出，在强劲的结构性需求(特别是新兴市场央行持续大规模购置黄金)和周期性因素(比如美联储潜在降息)双重驱动下，黄金价格有望在2026年 12月攀升至约每盎司4900美元。摩根大通的分析师团队则预计，到2026年第四季度，金价可能平均达到约5055美元/盎司。 花旗对于贵金属的看涨预期则更加激进，花旗表示，预计白银价格近期将大幅上涨至 ...

Group 1 - The decline in Bitcoin prices has negatively impacted cryptocurrency-related stocks, with significant drops observed in companies like Strategy, SharpLink Gaming, and MARA Holdings, which fell more than the broader market [1][2] - Bitcoin's price fell below $90,000, reaching a low of $89,281, while Ethereum dropped below $3,000, leading to increased trading activity with a 14% rise in Bitcoin's 24-hour trading volume to $68.6 billion [1] - The market is experiencing heightened volatility due to the recent geopolitical uncertainties, particularly related to Trump's tariff proposals, which add pressure to the already fragile market conditions [2] Group 2 - Strategy announced a $2.1 billion investment to increase its Bitcoin holdings, yet its stock price fell over 6% to $160.23 after opening [2] - SharpLink Gaming's stock dropped by 9.59% to $9.945, despite holding approximately $2.4 billion in Ethereum, which the CEO referred to as "permanent capital" [2] - MARA Holdings' stock decreased by 8.71% to $10.37, following a recent agreement with MPLX for natural gas supply to its Texas data center [2] Group 3 - Analysts suggest that the decline in Bitcoin prices tends to have a more pronounced effect on mining companies' stock prices, indicating that the current drop is more of a consolidation phase rather than a free-fall [3] - The psychological support level at $90,000 is critical; failure to maintain this level could lead to a potential test of the $85,000 mark [3]

1月20日，国际金价在避险需求推动下再度刷新历史新高，伦敦金现货价格、COMEX黄金期货价格双 双突破4700美元/盎司。2026年以来，国际贵金属市场延续强势格局，铜价亦在高位运行。 随着全球宏观不确定性加剧，贵金属及基本金属的市场走势备受关注。瑞银贵金属策略师Joni Teves日 前在接受中国证券报记者专访时表示，多元化配置需求是本轮金价上行的核心驱动力，机构投资者、零 售投资者及各国央行均在增持黄金以应对宏观不确定性。她预计金价上半年仍有上攻动能，若市场对美 联储独立性的担忧持续升温，金价在上半年有望冲击5000美元/盎司关口。白银则受益于金价上涨的带 动及自身供需缺口收窄，今年或挑战100美元/盎司。铜市场在能源转型需求拉动下，供需格局趋紧，价 格中枢有望抬升。 ● 本报记者葛瑶 金价后市仍有上涨空间 Teves表示，黄金市场正经历结构性变化，多元化配置已成为推动金价上涨的核心动力。这一趋势体现 在机构投资者、零售投资者和官方部门等各类需求主体。在宏观环境充满不确定性、政策可预测性下降 的当下，投资者迫切需要分散风险，而黄金正是这一趋势的最大受益者。 从价格走势看，瑞银对今年年末金价的基准预测为45 ...

不过，市场上也有不同声音。在达沃斯举行的世界经济论坛期间，古根海姆合伙公司首席投资官Anne Walsh对AkademikerPension的做法表示不认同。她认为，尽管地缘政治不确定性加剧了市场紧张情绪， 美国作为全球最大经济体，其信用基本面依然稳健，至少在今年上半年，信贷和股市基础仍然良好。 Walsh指出，美联储在当前周期中相对审慎，政策立场较历史更偏向宽松，通胀仍在放缓，这对美国信 用环境构成支撑。她同时强调，自2025年关税引发的市场动荡以来，资产配置多元化已成为投资者共 识，资金正逐步从过度集中于美国的结构，转向更均衡的全球布局。 在不确定性上升的背景下，贵金属表现尤为突出。Walsh特别提到黄金的强劲走势，称其有望继续受益 于市场动荡。数据显示，金价自年初以来已累计上涨近10%，再次凸显其在美元资产波动时期的避险属 性。 Schelde还提到，特朗普有关"接管格陵兰岛"的言论，是促使该基金撤离美债的重要因素之一。围绕财 政纪律的担忧、美元走弱预期，也共同削弱了其对美国资产的信心。格陵兰岛隶属于丹麦王国，当地及 丹麦方面已多次明确表示该岛"并非出售品"。随着特朗普不断升级相关言论，丹麦在欧洲的盟友 ...

Group 1 - Spot gold has surpassed $4,700 per ounce, reaching a new historical high on January 20 [1] - COMEX silver futures rose by 6.49%, also achieving a new high [1] - Increased geopolitical uncertainty and rising market risk aversion are driving gold prices higher [1] Group 2 - President Trump announced a 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1, with plans to increase it to 25% by June 1 unless an agreement on the purchase of Greenland is reached [2] - Short-term geopolitical risks may see a temporary decrease after initial emotional reactions, but uncertainty regarding Trump's policies remains high [2] - Financial attributes, including potential interest rate cuts by the Federal Reserve, are expected to support gold prices in the future [2]

周二(1月20日)亚市盘中，现货黄金价格持续走涨，目前交投于4698.07美元/盎司附近，因避险情绪持续 升温，且美元指数延续跌势刷新逾一周低点，现货黄金午后持续走高，在EMA50上方的动态支撑持续 下，强化了主看涨趋势的稳定和短期主导地位，仍有上涨空间。 若这种信心的逐渐侵蚀在未来数个交易日内得到巩固，市场可能转向更具风险规避倾向的环境，从而推 高对避险资产的需求。在此情境下，黄金作为资本保值工具的重要性将凸显，短期内或持续维持买盘压 力。 过去数月，黄金始终维持着稳健的看涨结构，表现为高点与低点不断上移，屡次持续推动价格创下历史 新高。目前尚未出现明确的技术信号预示趋势反转，但价格接近关键心理关口(4700美元)时，可能在涨 势重启前进入盘整阶段或技术性回调。 金价昨日高开高走收涨，稳于短期均线上方，但目前触及趋势线压力附近，有遇阻回调的风险，不过， 鉴于看涨前景良好，如有回撤，下方5/10日均线等支撑，仍是触及看涨的支撑位置。并等待趋势线压力 的突破。 只要现货黄金价格维持在每盎司4650美元的关键支撑位上方，其后续上行目标区间仍指向每盎司4718美 元至4749美元。通道技术与波浪投影分析共同指向这一 ...

Core Viewpoint - Gold prices have surged over 1.5% this week, approaching a historical high of $4700 per ounce, driven by geopolitical uncertainties and increased demand for safe-haven assets [1][2]. Group 1: Geopolitical Factors - The U.S. government is considering reinstating tariffs on European countries, particularly Denmark and Sweden, which oppose the acquisition of Greenland, with tariffs starting at 10% on February 1 and potentially rising to 25% in June [1]. - European nations have rejected the tariff threats, emphasizing that Greenland is "not a negotiable commodity," warning that such actions could lead to trade retaliation and damage U.S.-EU relations [2]. Group 2: Market Sentiment and Demand - The uncertainty surrounding trade negotiations has increased demand for gold as a hedge, with the U.S. dollar index falling from 99.4 to around 99.05, indicating a weakening dollar [2]. - The CNN Fear and Greed Index is currently at 62, indicating a "greed" sentiment, but the curve is flattening, suggesting rising hesitation in the market [2]. Group 3: Technical Analysis of Gold Prices - The current trend for gold remains bullish, characterized by a pattern of higher highs and higher lows, with no clear technical signals indicating an imminent reversal [3]. - The Relative Strength Index (RSI) is in the overbought zone around 70, showing signs of potential short-term correction, while the MACD histogram indicates a balance between buying and selling pressures [3]. - Key price levels to watch include $4700 as a psychological resistance, with $4538 serving as a support level, and $4333 aligning with the 50-period simple moving average as a critical support point [3].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 【导读】国际金价、银价齐涨，再创历史新高 中国基金报记者 晨曦 国际金价、银价，双双大涨！ 1月19日，伦敦现货黄金价格最高达4690美元/盎司，涨幅超2%，刷新历史纪录。 | < | | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | SPTAUUSDOZ.IDC | | | | | | 4677.628 | | 昨结 | 4595.515 | 开盘 | 4595.860 | | | +82.113 +1.79% | | 总量(kq) | 0.00 | 现手 | | 0 | | 最高价 4690.880 | | 持 仓 | 0 | ar 물 | | 0 | | 最低价 4595.860 | | 增 仓 | 0 | 内 盘 | | 0 | | સ્ત્ર B4 | 五日 日K 月K | | 周K | | 更多 | (0) | | 叠加 | 均价: -- | | | | 필 | | | 4690.880 | | 2.08% 卖1 4677.960 0 | | ...

Core Viewpoint - The gold and silver markets have shown strong trading activity, with both metals reaching historical highs, but there was a slight decline in gold prices on January 16, 2026, due to profit-taking ahead of a long weekend in the U.S. [1] Group 1: Gold Market - The February 2026 gold futures price closed at $4601.10 per ounce, reflecting a decrease of 0.49% [1] - The World Gold Council reported that geopolitical uncertainties have contributed to a continued upward trend in gold prices, which rose nearly 6% in the first 13 days of the new year, setting five historical highs and surpassing the $4600 per ounce mark [1] - In December 2025, gold prices increased by 4.2%, culminating in a remarkable annual increase of 67% for the year, the highest since 1979 [1] - The next upward target for gold futures bulls is to break through the strong resistance level of $4750, while bears aim for a drop below the technical support level of $4400 [1] Group 2: Silver Market - The March silver futures price closed at $89.94 per ounce, down by 2.60% [1] - Silver futures bulls are looking to regain strength, with the next upward target set at breaking the strong technical resistance level of $100, while bears are targeting a drop below the strong support level of $80 [1]

前景如何 从历史上看，黄金一直是这两种贵金属中价值更高的品种，在金融与贸易领域常被奉为 "金本位"的标 杆。然而，随着市场趋势与工业需求的转变，白银的价值正在被挖掘。 首先通胀会侵蚀纸币储蓄的价值，促使更多人投向白银等有形资产。而地缘政治不确定性以及最新升级 的美联储独立性担忧的局面，可能会为白银价格进一步冲高创造必要条件。 全球央行与政府政策对贵金属的价值有着显著影响。历史上，央行一直将黄金作为储备资产，但如今部 分投资者和政府对白银的兴趣正日益浓厚。若央行采取行动丰富储备资产组合，也可能增加对白银的需 求，从而影响其市场价格。 推动白银这一轮涨势的并非只有避险资产需求。供需平衡是一个不可忽视的因素。白银拥有众多工业用 途，其需求正呈现结构性增长，在电动汽车和太阳能电池板领域的需求增长尤为显著。以太阳能电池板 为例，其光伏电池严重依赖白银来实现光能到电能的转换。鉴于各国政府和企业正大力投资可再生能 源，该领域的白银需求必将持续上升，进而可能推动其价值上涨。 另一方面，白银市场的潜在风险与不确定性还在于特朗普政府已经将其纳入关键矿产清单，投资者担忧 美国或对其加征关税 ——若实施将锁定已流入美国的白银，叠加中 ...