Core Viewpoint - Gold and silver prices are reaching all-time highs due to escalating geopolitical tensions and macroeconomic conditions that are expected to persist, driven by central bank diversification into gold and increased demand from ETFs [1][2][6]. Geopolitical Factors - Ongoing geopolitical tensions, such as the situation in Venezuela and rising militancy in Nigeria, are contributing to a renewed risk premium in the market [2][3]. - Concerns regarding the independence of the Federal Reserve and potential fiscal issues, including a Supreme Court tariff decision, could further impact market dynamics [3]. Market Dynamics - Central banks are expected to maintain a structural demand for gold as they diversify away from dollar assets, which is anticipated to support prices for years [2]. - White metals have been added to the critical minerals list, raising the possibility of tariffs that could influence market conditions [4]. Demand from ETFs - ETFs have significantly increased their purchases of gold, surpassing central bank buying for the first time in five years, indicating strong retail interest in the market [6][7]. - This influx of ETF investment is seen as a potential tailwind for gold prices, although it also poses risks of sharp market corrections if sentiment shifts [7][8]. Economic Considerations - A potential reacceleration of the economy, driven by tax reforms from the Trump administration, could positively impact industrial metals like platinum, silver, and copper [5].

责任编辑：栎树 | 代码 | 名标 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 002731 | 萃年珠宝 | | 5.21 | 35.14亿 | 47.05 | | 002716 | 湖南日银 | 東 | 4.94 | 192亿 | 100.59 | | 601212 | 白銀有色 | 办 | 4.81 | 435 乙 | 111.51 | | 000688 | 国城矿业 | | 4.00 | 326亿 | 131.62 | | 600362 | 江西铜业 | 1 | 3.83 | 1579亿 | 129.92 | | 601168 | 11-18586 | 1 | 3.36 | 638亿 | 77.33 | | 603993 | 洛阳钼业 | 1 | 2.83 | 4114 Z | 198.32 | | 601969 | 海南矿业 | 长 | 2.76 | 223亿 | 60.07 | | 000878 | 云南铜业 | 1 | 2.73 | 377亿 | 57.49 | | 000630 | 铜陵有色 | | ...

Core Viewpoint - Oil prices have increased in the morning Asian session due to ongoing geopolitical tensions [1] Group 1 - The rise in oil prices is attributed to heightened geopolitical tensions in various regions [1]

Core Viewpoint - The current oil production landscape is influenced by various geopolitical factors, with a focus on U.S. production levels, OPEC dynamics, and potential disruptions from countries like Venezuela and Iran. Group 1: U.S. Production and Market Environment - U.S. production remains high, but there are concerns about the price environment affecting producers' sentiments, particularly regarding tariffs and commodity prices [2][3] - WTI prices are expected to stabilize in the mid to high $50s range for the year, which is not optimal for U.S. producers in the long term, although they can manage this price for about a year [5] - The Dallas Fed surveys indicate that U.S. producers appreciate President Trump's deregulatory agenda and permitting reforms, which may support production levels [2] Group 2: Geopolitical Factors Impacting Oil Supply - Venezuela's oil production has significantly declined, and any potential regime change could unlock future production, requiring an investment of about $10 billion annually and a stable security environment [6][7] - The situation in Israel regarding Iran's ballistic missile program could lead to increased tensions, which may impact regional oil supply if conflicts arise [8] - The ongoing conflict in Ukraine and its impact on Russian energy supply is also a critical factor, with market expectations that a resolution could influence oil prices [9][10]

Core Viewpoint - Oil prices are experiencing support due to escalating geopolitical tensions, despite a looming oversupply in the market, with Brent futures trading above $62 a barrel, marking a 6% increase from recent lows [1][2]. Group 1: Market Dynamics - The global oil benchmark is on track for its largest annual decline since 2020, with major oil traders anticipating a supply glut in the coming year due to increased production from OPEC+ and non-OPEC+ members [2]. - Concerns regarding potential disruptions in supply, particularly from OPEC+ members like Russia and Venezuela, are providing some price support [2][6]. - The US is actively pursuing oil tankers off the coast of Venezuela, with several tankers having already departed, indicating ongoing efforts to limit oil revenues for the Maduro regime [3]. Group 2: Supply and Inventory Trends - Russian crude oil volumes at sea have surged by 48% since the end of August, raising concerns among shippers and buyers about potential US actions targeting their shipments [4]. - In the US, crude oil stockpiles rose by 2.4 million barrels last week, alongside increases in gasoline and distillate inventories, indicating a growing supply situation [5]. - Official inventory data is delayed due to a federal holiday, which may impact market reactions [5]. Group 3: Analyst Insights - Analysts suggest that geopolitical premiums have not yet been fully accounted for, with various tensions from Venezuela to Russia influencing market sentiment [6]. - Despite the current price support, analysts warn that the anticipated supply glut could limit further price increases in the near future [6].

gold bitcoin, gold all time high, silver, gold prices,. Photo by BeInCrypto Another day, another all-time high for precious metals. Gold, silver, and platinum all reached new record levels today. Market experts view this surge as a warning signal, pointing to declining trust in financial systems and persistent inflation risks. Meanwhile, the crypto community is assessing whether this momentum in precious metals could eventually translate into capital rotation toward Bitcoin in 2026. Gold, Silver, and Pl ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions, including investments or purchases [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to exercise their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1]. - Users are encouraged to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1]. - The website may feature advertisements and promotional content, and FX Empire may receive compensation from third parties related to such content [1].

Group 1 - Tensions between the U.S. and Venezuela have escalated further [1] - Frictions between China and Japan remain elevated [1] - Risks in Eastern Europe continue to increase [1]

Market Performance - NASDAQ 100 index is up approximately 22% year-to-date [3] - S&P 500 index has increased by about 18% [3] - Russell 2000 small cap index is up around 16% year-to-date [4] - Dow Jones index has risen by approximately 15% [4] - Technology sector has seen the best performance, increasing by about 25% year-to-date [4] - Communication services sector is up approximately 21% [4] - Gold has increased by 65% and silver by 139% [5] ETF Performance - iShares MSCI Global Silver Miners ETF is up about 206% [7] - Global X Gold Explorer ETF (GOEX) has increased by approximately 195% [7] - ProShares S&P Global Core Battery Metal ETF (ION) is up about 106% [9] - Sprott Critical Materials ETF has risen by approximately 96% [9] - Global X Disruptive Materials ETF (DMAT) is also up about 96% [9] - VanEck Rare Earth and Strategic Metals ETF (REMX) has increased by approximately 94% [9] - Global X Defense Tech ETF (SHLD) is up about 77% [13] - Stoxx Europe Aerospace and Defence ETF (EAD) has risen by approximately 73% [13] Key Drivers & Themes - Gains in gold are driven by persistent central bank buying [5] - Precious metals benefit from investors seeking alternatives to US dollar denominated assets [6] - Critical materials are driven by electrification, digitization, clean energy transition, and supply chain concentration [8] - Rising geopolitical tensions are fueling a boom in defense spending [13]

Gold rose to another record, extending gains on heightened geopolitical tensions and bets on more US interest-rate cuts https://t.co/DM68d7ZURm ...