Core Insights - Gold and silver prices have reached record highs in 2025, with predictions for further increases in 2026 driven by supply shortages, geopolitical tensions, and concerns over central bank independence [1][4] - The concept of "resource nationalism" is emerging, contributing to the upward trend in precious metal prices, as geopolitical risks escalate [2][3] Price Trends - In 2025, spot gold prices surged approximately 65%, while spot silver prices increased by about 150% [3] - As of early 2026, gold prices have risen over 7%, and silver prices have increased by more than 25% [3] Geopolitical Factors - The ongoing geopolitical uncertainties, including the U.S. controlling Venezuela and potential military actions regarding Greenland, are intensifying political risks that support precious metal prices [2] - The investigation into Federal Reserve Chairman Jerome Powell regarding the $2.5 billion renovation project has raised concerns about the Fed's independence, enhancing gold's appeal as a safe-haven asset [4] Market Dynamics - The silver market is experiencing a supply shortage due to export control measures from China, leading to significant price premiums in the Shanghai market compared to international prices [3] - The demand for silver is driven by its critical role in various industries, including electronics and automotive, indicating substantial potential for price increases [3] Investment Outlook - Analysts predict that gold could reach $5,000 per ounce and silver could surpass $100 per ounce in 2026, based on current market dynamics and geopolitical factors [2][3] - The expectation of continued loose monetary policy from the Federal Reserve is likely to support gold prices, with no immediate factors suggesting a decline in precious metal prices [4]

2026年1月14日，贵金属市场再迎历史性时刻，现货白银开盘强势拉升，首次站上90美元/盎司关口，再创历史新高。截至发稿，现货白银报91.13美元/盎 司，日内涨幅达4.85%，2026年开年以来，白银现货、期货价格累计涨幅已达25%左右，涨势远超市场预期。 银价狂飙市值登顶，贵金属板块应声大涨 银价的持续走高推动白银资产市值大幅攀升，1月14日市值数据平台CompaniesMarketCap数据显示，白银总市值首次突破5万亿美元大关，达5.039万亿美 元，超越芯片巨头英伟达的4.523万亿美元，成为全球第二大资产，黄金则以32.162万亿美元市值稳居榜首。 资本市场对银价大涨迅速作出反应，1月14日上午收盘，A股贵金属板块集体走高，其中湖南白银领涨，涨幅达9.53%，山金国际、四川黄金、中金黄金 等标的纷纷跟涨，贵金属投资热情持续升温。 此次银价飙升背后有明确的基本面支撑，1月13日美国劳工部公布2025年12月通胀数据，CPI同比上涨2.7%、核心CPI同比上涨2.6%，数据公布后，市场 对美联储较早降息的预期升温，交易员押注美联储4月降息概率从38%升至42%，成为白银价格走高的直接推手。而这一轮涨势 ...

Core Insights - The international gold price experienced a significant increase in 2025, with an annual rise of nearly 70%, marking the largest annual increase since the 1979 oil crisis [1] - The surge in gold prices is attributed to rising global risk aversion and a decline in the credibility of the US dollar, as well as geopolitical tensions and economic uncertainties [2] Group 1: Gold Price Trends - The current upward trend in international gold prices began in the second half of 2019, with a rise of approximately 18% that year [1] - By 2024, international gold prices surpassed $2800 per ounce, with a yearly increase of about 27%, and in 2025, prices broke through $3000 in March and $4000 in October, reaching nearly $4600 by year-end [1] - Domestic gold prices also rose significantly, with gold jewelry prices increasing from around 800 yuan per gram to approximately 1360 yuan per gram [1] Group 2: Factors Influencing Gold Prices - Geopolitical risks, such as the US tariff war, the ongoing Russia-Ukraine conflict, and instability in the Middle East, have heightened market risk aversion, leading to increased demand for gold as a traditional safe-haven asset [2] - Central banks globally have accelerated diversification of reserves, significantly increasing gold holdings, which has been a crucial factor in driving up gold prices [2] - From early 2025 to late November, global central banks reported a net purchase of 297 tons of gold, indicating robust demand [2] Group 3: Broader Precious Metals Market - The rise in international gold prices has also led to substantial increases in other precious metals, with silver and platinum prices rising over 140% and palladium over 100% [3] - The strong performance of gold has activated a rotation in the precious metals sector, attracting capital into silver and platinum group metals [3] - Industrial demand for certain precious metals, driven by sectors like photovoltaics and electric vehicles, has also supported price increases [3] Group 4: Future Outlook - The future trajectory of gold prices will be influenced by factors such as the direction of US monetary policy, ongoing central bank purchases, geopolitical developments, and the stability of the US dollar credit system [3] - The gold market is expected to enter a new phase characterized by multiple interwoven forces and dynamic balance, with persistent structural demand from investors and central banks likely to support prices [3]

1月9日，2025年对于贵金属市场而言是极具里程碑意义的一年。EasyMarkets易信观察到，在史无前例 的投资需求推动下，黄金和白银价格双双飙升至历史高点。然而，通过分析全球三大铸币厂的最新销售 数据可以发现，实物贵金属的需求在不同地区呈现出显著的差异化特征。尽管整体市场热度高涨，但北 美等传统市场的实物需求却意外显得有些"后劲不足"。 从区域表现来看，北美投资者虽然在衍生品市场占据主导，但对实物金币的兴趣有所回落。 EasyMarkets易信表示，美国铸币局去年售出的美国鹰扬金币仅为183，500盎司，同比降幅超过55%。 与之形成对比的是，澳大利亚珀斯铸币局的实物黄金销量增长了16%，达到454，514盎司。该铸币局认 为，对2026年初降息的强烈预期、主要经济体的前景不明朗以及地缘局势的动荡，共同支撑了实物金条 作为避险核心资产的地位。 英国市场则展现出了惊人的爆发力。英国皇家铸币局表示，其黄金销量在去年第四季度猛增144%，单 克金价更是在10月首次突破100英镑。EasyMarkets易信认为，实物市场的结构正在发生变化，大批"新 面孔"的加入为市场注入了动力。数据显示，去年该铸币局的客户数量创 ...

2025年，黄金市场以超过70%的年涨幅和创纪录的54次历史新高震撼了全球投资者。在美联储降息周期 深化、全球央行持续购金以及地缘政治不确定性延续的背景下，黄金市场在年终岁初迎来新的机遇，而 选择一个靠谱的交易平台，是投资人的第一步。领峰环球凭借其国际权威监管、尖端科技与专业服务， 成为众多投资者参与黄金投资的首选平台。 02 创新服务模式：教育与实时指导并重 领峰环球的直播间课堂是平台的一大特色服务。由经验丰富的实战派分析师团队每日授课教学，涵盖宏 观经济分析、技术指标解读、风险控制策略等内容，实时追踪黄金新动态，免费分享布局策略和投资心 得。遇上非农报告、利率决议等重大行情时，还有专场课程解码数据背后玄机，帮助投资者理清金价波 动轨迹，把握市场机遇。 平台的教学资源适合不同投资者的需求。新手投资者可以通过官网《投资知识》专栏系统性学习投资基 础知识与技巧，以及《MT5教学》、《财经事 轻松聊》等视频进一步丰富拓展知识面。 03 新岁献礼：特别优惠活动助力投资启航 2026新岁启新程，领峰环球推出一系列优惠活动，为投资者提供实实在在的交易成本优化。 01 四大核心优势：构筑领峰环球的实力基石 ◇在贵金属投资 ...

说实话，我觉得很多新手一开始容易忽略最重要的一点：平台正不正规。这就好比盖房子，地基不稳，其他都白搭。我一般会建议，先查查它有没有拿得出 手的监管牌照。比如，是不是香港黄金交易所的AA类行员。有这个身份的平台，通常规矩都比较严，必须把客户的钱和公司自己的钱分开管，而且每一笔 符合要求的交易都能提供一个单独的"交易编码"，你可以自己去交易所查证。像金盛贵金属，就是持有这样的牌照，这算是给了投资者一个最基本的保障。 先把安全底线守住了，再谈别的。 体验好不好，细节说了算 如果你刚开始接触黄金投资，想找个靠谱的炒黄金平台，可能已经看花了眼。最近金价波动挺大的，选对一个清晰、好上手的平台，对新手来说，真的能少 走很多弯路。 先别看功能多炫，安全合规才是"地基" 4. 保持平常心：对那些吹嘘"稳赚不赔"、"超高回报"的宣传，一定要保持警惕。黄金投资本身就有风险，理性认识风险，比盲目追求收益更重要。 1. 亲自核实牌照：别光看平台自己怎么说，最好亲自去香港黄金交易所的官网，查一下它宣称的牌照编号是不是真的、状态是否正常。 2. 体验资金流程：不妨先小额尝试一下入金和出金，感受一下速度和流程是否顺畅，这比任何宣传都实在。 ...

1月3日，美国对委内瑞拉发动军事行动并宣称"执掌其政务"，这一地缘风暴迅速席卷全球金融市场，引发了该地区可能会长期动荡的担忧。同时，特朗普发 表"美国需要格陵兰岛，以及指责哥伦比亚总统佩特罗生产毒品，并威胁小心点"的言论。黄金作为传统的避险资产，今天开盘后直接高开高走，重回4400美 元上方， 南美地区局势的后续变化，将从避险、通胀预期和美元信用等多方面对黄金构成支撑。 美国频繁以军事和金融手段干预他国，特别是此次的单边干预行为，使得全球对美元的信用进一步削弱，更多的国家在能源结算中尝试使用非美货币，加速 全球货币的多元化。美元作为黄金的定价货币，其信用弱化将提升黄金的配置价值，各国对战略储备资产的重视程度将再上一个台阶，黄金作为终极储备资 产的地位进一步强化。 地缘引发避险 与通胀形成共振 此次入侵事件类似于1989年入侵巴拿马的事件，属于美国在拉美地区的军事干预，结束了马杜罗的长期统治，使得委内瑞拉的国内局势陷入不确定性。委内 瑞拉拥有丰富的原油资源和地缘战略位置，这一事件的影响将长期存在，全球投资者正在密切关注事态的发展动向。 美国对委内瑞拉的军事行动，导致委内瑞拉本就不多的原油出口瘫痪，据船舶追踪网站 ...

Group 1: Precious Metals Market - Gold prices have experienced a significant increase, reaching a historical high of $4,525.83 per ounce by December 24, 2025, marking an annual increase of over 70% [5][7] - Silver also saw substantial growth, with prices surpassing $72.7 per ounce, resulting in an annual increase of nearly 150% [7][8] - The rise in precious metals is attributed to factors such as U.S. tariff disruptions, global central bank gold purchases, and geopolitical tensions [7] Group 2: Technology Sector - The technology sector is undergoing a "revaluation bull market," driven by innovations in AI, computing power, and robotics, with significant stock price increases observed [10][12] - A notable surge in A-share technology stocks occurred, with the Shanghai Composite Index reaching a ten-year high and the total market capitalization of A-shares exceeding 100 trillion yuan [11][12] - Over 90% of new stocks in 2025 were in the high-tech sector, indicating a strong correlation between capital markets and industrial upgrades [12]

根据最新的美联储会议纪要，FOMC在12月会议上同意降息，但就美国经济目前面临的风险进行了深入细致的辩论。根据会议纪 要，鉴于美国经济面临的各种风险，即使是一些支持降息的官员也承认，"这一决定是权衡利弊后的结果，或者他们也本可能支持 维持目标利率区间不变"。 全球最大白银etf--iShares Silver Trust持仓报告显示，12月30日白银etf持有量为16455.42吨，较上一交易日上涨149.46吨。周二（12月 30日）现货白银尾盘收于76.18美元/盎司，上涨5.58%，盘中白银价格最高上探至78.05美元/盎司，最低触及71.12美元/盎司。 周二公布的政府数据显示，美国10月房价年率涨幅为逾13年来新低，表明长期低迷的房地产市场正逐步恢复可负担性。美国联邦住 房金融署(FHFA)表示，10月份房价较上年同期上涨1.7%，9月份的涨幅经上修后为1.8%。这是自2012年3月以来最低的年度价格涨 幅。当前房价涨幅仅为疫情期间及疫情刚结束时的一小部分。当时，广泛实施的居家办公政策曾引发房地产市场狂热，推动房价以 接近20%的年增长率持续飙升。 【市场要闻速递】 ...

在昨夜暴涨后，12月31日白银又现暴跌。 责编：梁秋燕 现货黄金短线走低20美元，截至发稿，报4347.175美元/盎司，现货白银大跌超5%。现货钯金跌逾4%。 现货铂金跌幅扩大至8%， 有分析人士称，当前参与白银投资的首要任务是充分认知并敬畏其高波动的固有属性。 ...