今日周二（11月25日）亚盘时段，伦敦金目前交投于4155美元附近，截至发稿，伦敦金最新报4143.45 美元/盎司，涨幅0.21%，最高上探至4155.44美元/盎司，最低触及4122.12美元/盎司。目前来看，伦敦金 短线偏向震荡走势。 摘要今日周二（11月25日）亚盘时段，伦敦金目前交投于4155美元附近，截至发稿，伦敦金最新报 4143.45美元/盎司，涨幅0.21%，最高上探至4155.44美元/盎司，最低触及4122.12美元/盎司。目前来 看，伦敦金短线偏向震荡走势。 美联储逐步重启宽松政策，同时资产负债表缩减进程宣告结束，这为美债市场的稳定提供了有力支撑。 尽管近期美联储对于在通胀水平仍然较高的情况下过快放松政策持谨慎态度，但这种审慎的态度却在一 定程度上呵护了市场对于"旧美联储"坚守2%通胀目标的信心。更为重要的是，规模近30万亿美元的美 国国债市场，凭借其在全球金融体系中的核心地位，以及美元在全球储蓄银行业中的主导作用，在金融 市场中占据着特殊的位置，成为一个独特的存在。在这种复杂的背景之下，美元的信誉显得至关重要。 【最新伦敦金行情解析】 今晨，金价以4133为起点拉开交易序幕，先是小幅 ...

Core Viewpoint - The recent end of the U.S. federal government shutdown has reignited concerns about market valuations, with investors closely monitoring upcoming economic data releases and the Federal Reserve's interest rate outlook [2][3]. Economic Data and Market Reactions - The September employment report is expected to be the first significant data release post-shutdown, as it was believed to be compiled before the government closure [3]. - Following the end of the 43-day shutdown, various economic data releases are anticipated, including manufacturing surveys from the New York and Philadelphia Federal Reserve Banks [4]. - The upcoming earnings reports from major companies like Nvidia, Walmart, and Target will provide insights into consumer demand in the U.S. [4]. Federal Reserve and Interest Rates - Investors are adopting a cautious stance due to uncertainties surrounding the timing and reliability of key economic data, particularly employment figures, which may affect the Fed's decision on interest rates in December [3][6]. - Current market pricing indicates an almost even split between expectations for a rate cut and maintaining the current rate in December [3]. Oil and Gold Markets - International oil prices have risen due to supply disruptions from Russia, with WTI crude oil increasing by 0.57% to $60.09 per barrel and Brent crude oil rising by 1.19% to $64.39 per barrel [5]. - The gold market saw a rise of 2.21%, with COMEX gold futures reaching $4087.60 per ounce, as investors weigh the prospects of further monetary easing by the Federal Reserve [5]. European Economic Outlook - The European Union's autumn economic outlook report is set to be released, with a focus on the latest purchasing managers' index (PMI) data from France, Germany, and the Eurozone [9]. - Upcoming data releases in the Eurozone include Germany's producer price index (PPI) and the Eurozone's consumer confidence index [8][10].

美联储立场面临考验 经济数据的快速发布将对美联储的政策前景形成考验。 该协议正式结束为期43天的停摆，使联邦政府运营得以恢复至2026年1月30日。 随着政府重启，市场焦点正转向积压的经济数据，这将迅速考验当前的货币政策前景。 ·关键缺失报告：联邦机构将开始发布两个月的滞后数据，包括9月和10月非农就业报告（NFP）及10月消费者物价指数（CPI）。 ·发布时间表：根据以往停摆经验，美国劳工统计局（BLS）预计将在复工后2–5个工作日内发布NFP数据——最早可能在本周末，或更可能在下周 初。 与此同时，本周黄金上涨超过5%，显示在美联储政策不确定性下避险需求回升。 根据CME FedWatch工具，市场预计12月降息25个基点的概率为66.9%，但相比一个月前的92%已大幅下降。 外汇展望：美元盘整与政策关注 美国政府停摆的解决及滞后经济数据的即将发布，使外汇市场进入波动阶段。 美元指数（USDX）在99.00附近维持盘整，但技术偏向仍偏多，得益于美联储政策按兵不动的预期及未来政策不确定性。 USDX，日线图| Ultima Market MT5 技术上看，99.00–100.00区间继续定义短期交易范围。 ...

美国参议院当地时间周一晚上通过妥协法案，将结束长达41天的史上最长政府停摆。这场停摆导致数百 万人的食品福利中断、数十万联邦雇员停薪、空中交通瘫痪，更关键的是让就业和通胀等核心经济指标 彻底"失踪"。 高盛预计，一旦政府在本周晚些时候恢复运转，美国劳工统计局将在11月13日至17日之间公布新的数据 时间表，而9月就业报告很可能在11月18日或19日闪电发布。 11月12日，COMEX白银库存录得14873.44吨，较上一日减少11.39吨；comex白银周三（11月12日）收 报53.27美元/盎司，上涨4.29%，comex白银价格日内最高上探至53.63美元/盎司，最低触及50.76美元/盎 司。 最新comex白银库存数据： 日期 comex白银库存量(吨) 增持/减持（吨） 2025-11-12 14873.44 -11.39 2025-11-11 14884.83 -17 【要闻回顾】 此外当地时间11月11日，政府"停摆"仍严重影响美国航空运营。当天，全美约6%的航班被取消，包括 芝加哥、纽约、华盛顿、亚特兰大等主要机场。截至当天上午，美国境内已有超过1100趟航班被取消、 850趟航班延误。 联 ...

White House Press Secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on Nov. 12, 2025 in Washington, DC.Key economic reports for October may not be released at all because of the government shutdown, a senior White House official said Wednesday.With the spending impasse appearing to be near an end, White House press secretary Karoline Leavitt told reporters that part of the fallout could be lasting damage to the government's data collection ...

Key Insights - The current federal government shutdown lacks a debt ceiling component, which reduces immediate risks compared to past shutdowns [6][7] - Economic data releases are delayed or postponed, impacting market navigation and decision-making for investors [6][8] - The U.S. Treasury market is expected to operate normally without concerns over redemptions or new issuances due to the increased debt ceiling [7][8] Economic Data - Major economic indicators such as the Consumer Price Index (CPI), Retail Sales, and Gross Domestic Product (GDP) are likely to be delayed if the shutdown continues [6][8] - Investors may need to rely on alternative private data sources, such as ISM and S&P Global PMI, until official data is released [13] Federal Reserve & Interest Rates - The Federal Reserve is not expected to cut rates during the current FOMC meeting despite the shutdown, maintaining a focus on risk management [13] - The UST 10-Year yield is anticipated to remain stable until economic data resumes [13]

Group 1 - Senator Warren urges the government to release the September employment report despite the government shutdown, emphasizing its importance for the Federal Reserve's decision-making on interest rates [1][2] - The Bureau of Labor Statistics (BLS) has reportedly completed the collection of September labor data, and the employment report is likely ready for release if the government reopens [1][2] - The government shutdown is causing a disruption in the release of key economic data, leading to a reliance on alternative data sources, such as the ADP report, which indicates a significant decline in private sector employment [2][3] Group 2 - The monthly employment report is considered one of the most critical economic data points in the U.S., especially amid concerns over a weakening job market and rising unemployment [3] - The White House attributes the government shutdown to the Democrats, claiming it undermines the economy and disrupts timely public data essential for decision-making by businesses and policymakers [3]

Group 1 - Gold futures have turned lower after reaching new highs for five consecutive sessions, with today's close being the third-highest in gold's history [1] - The market is experiencing a pause as gold prices approach $4,000 per troy ounce, indicating a potential consolidation phase [1] - Traders are on edge due to the ongoing government shutdown and its implications for data releases, highlighting the sensitivity of the market to political developments [1] Group 2 - In the absence of significant upcoming economic data, traders are expected to closely monitor oil prices and U.S. government developments [2]

Core Points - The Labor Department is preparing for a potential government shutdown, which would lead to a suspension of operations and a significant impact on economic data releases [1][2] - The Bureau of Labor Statistics (BLS) will halt all operations, meaning scheduled economic data releases will not occur during the shutdown [2] - Key reports that may be affected include the monthly nonfarm payrolls report and the initial jobless claims report, both critical for assessing job growth trends [2] - The consumer price index, a vital inflation indicator, is scheduled for release on October 15, which is the last reading before the Federal Reserve's meeting on October 28-29 [3]

Core Point - The U.S. Bureau of Labor Statistics (BLS) will suspend all operations and will not release economic data in the event of a government shutdown [1] Group 1 - The BLS is responsible for providing key economic data, which will be halted during a government shutdown [1]