截至2026年2月25日，加元兑美元实时汇率报0.7302，较前一交易日微涨0.027%，昨收0.7300、今开 0.7301，近期呈窄幅震荡、整体偏弱态势。加元走势受多重因素影响，加拿大央行利率维稳提供短期支 撑，但经济疲软、出口承压及美国贸易扰动，使其短期难破震荡区间，中期取决于经济复苏与货币政策 导向。 关键点位方面，上方0.7350-0.7360压力凸显，多次未能突破，站稳后可看向0.7400关口；下方0.7280为 关键支撑，跌破或下探0.7250-0.7270区间。 2025年加元兑美元震荡下行，围绕0.72-0.74区间波动，主要受央行降息、经济放缓及美国贸易扰动影 响。当年10月央行将利率降至2.25%后暂停降息，汇率进入窄幅震荡，年底收于0.73附近。 2026年机构预判谨慎，多数认为央行维稳将限制加元下行，经济疲软与出口压力制约上行，预计全年波 动于0.72-0.745区间。中加经贸落地、原油回升将提振加元；美国贸易收紧、经济复苏不及预期则可能 导致其走弱。 投资者短期关注加拿大通胀、失业率及美国贸易动向，中期跟踪经济复苏、央行政策及大宗商品走势。 当前汇率震荡博弈，建议谨慎操作、控制仓位 ...

美元走弱之外，地缘政治紧张局势升温进一步放大黄金的避险属性，推升市场需求。一月份以来，全球地缘格局不确定性显著上升，特朗普政府的一系列激 进外交和贸易表态持续搅动市场。他曾公开威胁接管格陵兰、计划对欧洲国家加征更多关税，甚至对美联储主席杰罗姆·鲍威尔提出刑事指控，还被曝出监 督对委内瑞拉总统的绑架行动，这些极端言行大幅加剧全球市场恐慌情绪。 周六，特朗普的最新表态再度引发市场震动：若加拿大与中国达成贸易协议，将对加拿大商品征收100%关税。这种单边贸易威胁破坏全球贸易秩序稳定， 也让投资者对全球经济复苏前景更添忧虑。黄金作为全球公认的传统避险资产，成为投资者规避风险、保全资产的首选，大量资金涌入直接推动金价进一步 走高，这也是其逼近历史新高的核心动力之一。 当前市场焦点全部集中在周三稍后美联储的利率决议上。从市场普遍预期来看，美国中央银行大概率维持联邦基金利率在3.50%至3.75%的现有区间。此次 暂停调整利率，是去年年底美联储连续三次下调基准利率后的谨慎选择，体现出美联储对当前美国经济形势的判断——需兼顾经济复苏节奏与通胀、市场波 动压力，因此选择暂稳利率，观察后续经济数据变化。 对黄金市场而言，利率决议 ...

Group 1 - The core point of the news is the fluctuation in gold prices, which reached a high of 4145.39 USD/oz before retreating to around 4122 USD/oz, influenced by the impending end of the U.S. government shutdown, the resumption of economic data releases, and signals from Federal Reserve officials regarding potential interest rate cuts [1] Group 2 - As of 12:50 PM on the reporting day, international gold prices showed strong performance, with London spot gold at 4106 USD/oz and U.S. gold at 4112 USD/oz. Silver prices were reported at 50.8 USD/oz in London and 50.9 USD/oz in the U.S. [3] - In the domestic market, real-time gold prices reached 945.88 CNY/g, silver at 11.6 CNY/g, and platinum at 365 CNY/g, with gold recovery prices at 937 CNY/g [3] Group 3 - Retail prices for branded gold jewelry showed variations, with Shui Bei gold at 1025 CNY/g and other brands like Chow Tai Fook and King Fook at 1313 CNY/g, reflecting a 5 CNY increase from the previous day [5] - Bank gold bar prices were reported as follows: ICBC at 969.17 CNY/g, CCB at 961.80 CNY/g, BOC at 961.68 CNY/g, and ABC at 975.55 CNY/g [5] Group 4 - The recent increase in gold prices is primarily driven by global economic expectations and monetary policy directions, leading to higher costs for consumers purchasing gold jewelry. Investors are advised to consider gold as a safe-haven asset while being cautious of short-term volatility [7] - The gold market remains influenced by multiple factors, and future price trends should be monitored in relation to international economic data and Federal Reserve policy dynamics [7]