市场环境层面，年末交易流动性收紧，投机性资金活跃度提升，加剧价格波动。市场对货币政策宽松的预期升温， 美元走弱降低贵金属持有机会成本，推动资金涌入。白银、铂金等工业金属则受供需结构支撑：白银广泛应用于电 子、光伏等工业领域，需求持续增长叠加供应端压力；铂金受汽车行业政策调整及主产地区供应受限影响，面临阶 段性短缺，均对价格形成有力支撑。 近期贵金属市场走势强劲，黄金、白银、铂金等主要品种价格均触及历史高位。 最新数据显示，现货黄金突破每盎司4500美元，现货白银升至每盎司74美元以上，铂金价格同步显著上行。此轮涨 势由多重市场因素共同驱动。 程，将进一步影响其价格走向。 当前贵金属价格上涨，是市场交易结构、宏观预期与部分品种基本面共振的结果。投资者参与相关市场需综合考量 多维度变量，理性评估波动风险。后续价格走势仍取决于货币政策动向、经济增长趋势及供需格局演变。 黄金长期具备避险属性，宏观经济不确定性上升时，易吸引资金流入。年内黄金累计涨幅明显，白银表现更为突 出，涨幅显著超越黄金，核心源于工业属性与投资需求的双重拉动。 展望后市，货币政策预期仍是影响贵金属走势的关键变量。若流动性维持宽松、利率处于相对低位， ...

Group 1: Market Developments - The UK has officially recognized cryptocurrencies and stablecoins as legal property through the Property (Digital Assets etc) Bill, enhancing the legal framework for digital assets [1] - The cryptocurrency market capitalization increased by 7.4%, reaching $3.24 trillion, with 95 of the top 100 coins appreciating in value [5][6] - Bitcoin (BTC) rose by 7% to $92,992, while Ethereum (ETH) increased by 9.1% to $3,055, indicating a positive trend in the market [5][11] Group 2: Institutional Involvement - Vanguard has reopened access to Bitcoin ETFs for over 50 million clients, which could act as a catalyst for BTC's price movement towards $100,000 [2][16] - Bank of America has permitted more than 15,000 wealth advisers to recommend Bitcoin ETFs, potentially increasing liquidity in the crypto market [8][16] - The US BTC spot ETFs saw inflows of $58.5 million, marking the fifth consecutive day of inflows, while ETH spot ETFs experienced outflows of $9.91 million [5][13] Group 3: Market Sentiment and Predictions - The crypto market sentiment has improved, moving out of extreme fear territory, with the fear and greed index rising to 22 from 16 [12] - Analysts suggest that BTC's price could push above $100,000 if it breaks through key resistance levels between $93,000 and $95,000 [9][10] - There is optimism for December, with expectations of a potential "Santa rally" as market conditions appear more favorable [10]