Gold Market Outlook - Goldman Sachs认为，由于各国央行（尤其是新兴市场央行）为实现储备多元化而持续购买黄金，且黄金供应无法快速响应需求，因此长期看好黄金，预计2026年金价将上涨[1][2] - 各国央行购买黄金，是为了对冲美元资产的风险，类似于一种金融对冲[5][6] - 中国央行的黄金储备占比约为10%，而发达国家央行的黄金储备占比超过70%，因此中国和其他新兴市场央行有理由继续增加黄金储备[4][5] - 随着美联储降息预期，ETF对黄金的配置也在增加，进一步加剧了对有限实物黄金的竞争[3] European Natural Gas Market - 欧洲已经逐渐摆脱对俄罗斯天然气的依赖，增加了液化天然气的进口[7] - 预计2025年将是全球液化天然气供应大幅增长的七年中的第一年，这将缓解欧洲的天然气供应压力，从而对欧洲天然气价格构成下行压力[7][8] - 俄罗斯和乌克兰之间的和平协议可能会加速并加剧欧洲天然气价格的下跌[9] Crude Oil Market - Goldman Sachs的基本假设是委内瑞拉石油产量维持现状，即日产约90万桶原油[9][10] - 市场对委内瑞拉局势变化（如政权更迭）可能导致石油供应增加的担忧，已经对远期石油价格产生了一定的影响[10][11] - 即使没有委内瑞拉额外的石油供应，预计明年WTI原油均价为每桶52美元，因为巴西和圭亚那等地的项目将增加石油供应[12]

RT Michaël van de Poppe (@CryptoMichNL)An absolutely insane chart on Gold.In 2020, the first move upwards took place.Now, the second leg upwards has taken place, resulting into a move of more than 100% on the asset itself.Great for everyone in commodities, as Silver and Platinum are following hand-in-hand.However, I do think that we'll stall for some time. I don't know how long, this could be 3-6 months, this could be 1-3 years.Gold is in a bull market, however, during those windows of stalling, those are t ...

An absolutely insane chart on Gold.In 2020, the first move upwards took place.Now, the second leg upwards has taken place, resulting into a move of more than 100% on the asset itself.Great for everyone in commodities, as Silver and Platinum are following hand-in-hand.However, I do think that we'll stall for some time. I don't know how long, this could be 3-6 months, this could be 1-3 years.Gold is in a bull market, however, during those windows of stalling, those are the windows where risk-on assets are lik ...

Natgas & many commods charts are some of the best out there, no clue what this meansicyponds ( |=0==0=|, |=0==0=| ) (@icyponds):ideally can scale into boil once/if natgas retraces to here https://t.co/gtg3vCjys0 ...

Silver just pushed past $58/oz, a 100% surge in 2025! 📈While #crypto is catching its breath this year, commodities like #gold and #silver have continued slicing into fresh highs. 🔥And yes, you can tap into spot silver exposure on BitMart instantly, with just a click of a button! 👇 (1/5) ...

Market Trends - The copper market is anticipated to potentially revitalize the commodities sector in the coming year [1]

🇺🇸 UPDATE: New Senate bill could unlock real clarity for markets.It aims to finally define which crypto assets are securities vs. commodities, and who regulates them (SEC vs. CFTC). https://t.co/M3iWi8JAhR ...

Geopolitics and Trade - China's pursuit of commodities is interpreted by some as a sign of paranoia, possibly linked to preparations for a Taiwan invasion [1] - This commodity acquisition strategy strengthens China's position, making it more difficult to pressure and enhancing its leverage in trade negotiations [1]

Some see China’s scramble for commodities as a symptom of paranoia, perhaps even preparation for an invasion of Taiwan. Whatever the motive, the campaign is making the country harder to bully, giving it an edge in trade talks https://t.co/3muQIujYUS ...

For more on the commodities trade, let's bring in Francisco Blanch. He's head of commodities and derivatives research at B ofA Securities. Francisco, thank you so much for for joining us here.Obviously do all commodities, but I would like to talk about gold because for so much of the year, we've just seen this continuous run. Obviously, a little bit of a pullback. Love to get your take sort of on the year so far and then what we've seen in the last couple days and then lastly what it portends for going forw ...