Core Viewpoint - The platinum market is experiencing a revival, with a significant price increase of 25% year-to-date, driven by strong investment demand and a shift in consumer preferences from gold to platinum [1][2][19]. Group 1: Market Dynamics - Platinum prices surged, with the New York Mercantile Exchange's main futures contract reaching a high of $1,104.8 per ounce, marking a significant increase in investor interest [2][3]. - The global demand for platinum increased by 10% year-on-year in Q1 2025, reaching approximately 71 tons, with notable growth in China where demand for investment-grade platinum bars surged by 140% [3][19]. - The current market conditions have led to a shortage of platinum inventory, with many retailers reporting zero stock and requiring full payment for pre-orders [13][14]. Group 2: Consumer Behavior - Consumers are increasingly shifting their focus from gold to platinum due to high gold prices, with many finding platinum to be a more attractive investment option [6][7][10]. - The rise in platinum prices has led to increased activity in online sales channels, with consumers purchasing platinum jewelry through live-streaming platforms [7][11]. - Retail demand for platinum jewelry remains subdued, with many traditional jewelry stores reducing their platinum offerings in favor of gold [9][10]. Group 3: Industry Insights - The platinum market is characterized by a strong industrial demand, particularly in automotive catalytic converters, which accounted for 39% of total demand in 2019 [17]. - The recent surge in platinum prices is seen as a response to the high gold prices, positioning platinum as a value opportunity in the current market [15][19]. - Industry experts suggest that the current platinum market dynamics are driven by upstream supply adjustments, with a need for greater participation from downstream retail to sustain growth [19][20].

近日，世界铂金投资协会发布数据显示，2025年第一季度，全球铂金总供应量同比下降10%，为45.3 吨；需求端同比增长10%，达70.7吨。在需求方面，全球铂金首饰和投资需求显著增长，首饰需求同比 增长9%，投资需求则增至14.3吨。 《中国经营报》记者采访了解到，在全球央行宽松货币周期背景下，贵金属特别是黄金白银在类通货的 属性下成为央行和金融机构的重要投资标的。随着金银价格大幅上涨，铂金的性价比优势逐渐显现，进 而带动了消费和投资需求的提升。 铂金市场供不应求 全球铂金供应持续紧张。世界铂金投资协会中国市场研究负责人张文斌介绍，2025年全球铂金总供应量 为五年来最低，下降4%至217.7吨，预计2025年全球铂金总需求将达到247.7吨。 从用途来看，广发期货高级黄金投资分析师叶倩宁告诉记者，铂金作为一种贵金属，由于其优良的物理 和化学性质，在工业生产中有广泛用途，同时因为亮丽的外观作为首饰制品受到消费者、投资者的青 睐。铂金从过去全球的供需量来看总体保持紧平衡的状态，因此需求对价格影响更大。从需求的角度来 看，全球每年铂金的需求量中，工业、投资和首饰消费分别占66%、9%和25%，其中工业需求中又有 ...

黄金，作为亘古不变的"金融避风港"，其价格波动始终与全球经济脉搏紧密相连。其中，美国通胀指数 是影响黄金走势的核心变量之一。投资者想要把准市场风向，密切关注通胀指数的波动趋势与政策联动 效应是很有必要的。那么，如何理解这些指数与黄金的关系？投资者又该如何借助专业平台捕捉数据行 情？今天，领峰贵金属将与大家一起揭晓美国通胀指数的奥秘，以及我们应如何借助这股东风在黄金投 资中乘风破浪。 一、美国三大通胀指数：黄金市场的"晴雨表" 通胀数据的每一次波动，都可能触动黄金市场敏感神经。作为美联储政策调整的核心依据，CPI、PPI、 PCE三大指数不仅映射着美国经济的冷热交替，更通过复杂的传导机制，改写黄金的定价逻辑。这些数 据的细微变化，或是政策转向的"预警信号"，或是市场情绪的"催化剂"，唯有深入剖析其内在关联，投 资者方能穿透数据迷雾，捕捉黄金市场的真实动向。 1.消费者物价指数(CPI) CPI是美国劳工统计局发布的，反映一篮子消费品和服务价格变化的指标。它直接关联民众生活成本， 是衡量通胀水平的常用指标。例如，当CPI数据持续攀升，意味着货币购买力下降，生活成本上升，市 场通胀压力增大。 2.生产者物价指数(P ...

Core Viewpoint - The Federal Reserve is adopting a cautious approach to interest rate cuts due to high uncertainty and inflation risks, indicating potential challenges ahead [1] Group 1: Federal Reserve and Interest Rates - The Federal Reserve's meeting minutes highlight a consensus on the risks of inflation, suggesting that rate cuts may be difficult [1] - The expectation for rate cuts has been pushed back to September or December due to concerns over consumer inflation driven by tariffs [1] Group 2: Global Central Bank Actions - The European Central Bank (ECB) cut rates by 25 basis points in April, with expectations for further cuts later in the year [1] - The Bank of England reduced its key rate to 4.25% in May, with market expectations for only one more cut by the end of the year [1] - The Bank of Japan is anticipated to raise rates around July, following a recent increase to 0.5% [1] Group 3: Bond Market Dynamics - The 5-year U.S. Treasury auction showed strong overseas demand, reaching a historical high [1] - The upcoming maturity of U.S. Treasury bonds, totaling $1.2 trillion and $1.46 trillion in June and July respectively, may lead to liquidity shocks [1] - Japan's 40-year bond auction saw a bidding ratio at its lowest since July 2024, although results were better than the previous week [1] Group 4: Precious Metals Investment Outlook - Due to the cautious stance of the Federal Reserve and geopolitical risks, precious metal prices may experience fluctuations, with potential for recovery after initial declines [1] - Investors are advised to consider long positions during market pullbacks, paying attention to support and resistance levels for various commodities [1]

Market Overview - The international spot gold price experienced fluctuations, opening below $3330 per ounce with a decline of 1.2% due to Trump's announcement to delay a 50% tariff on the EU, which briefly improved market risk sentiment [1] - However, during the US trading session, gold prices rebounded due to escalating geopolitical tensions and a decline in the US dollar index, closing at $3342.23 per ounce, with a daily decline narrowed to 0.5% [1] Current Market Dynamics - The gold market is characterized by a "tug-of-war" between bullish and bearish sentiments driven by policy uncertainties, such as Trump's sanctions on Russia and delays in US-EU trade negotiations, which alternate between safe-haven demand and risk sentiment [3] - Geopolitical risks, including controversies over uranium enrichment in the Middle East and the spillover risks from the Russia-Ukraine conflict, provide long-term support for gold prices [4] - The US dollar index fell to a four-week low of 99.69, but hawkish signals from Federal Reserve officials have intensified policy expectation divergences [5] Investment Strategy - In a complex market environment, gold investment should balance short-term volatility with long-term value [6] - Gold trading platforms like Jinrong China offer low entry barriers and flexible trading mechanisms, allowing for micro-contract trading with a minimum deposit of $70, suitable for beginners to test high-low strategies in a volatile market [6][7] - Risk management tools are available to ensure trading safety, including negative balance protection and real-time stop-loss and take-profit features [8][9] - Data and educational resources are provided to empower decision-making, including economic calendars and market analysis to help investors anticipate price fluctuations [10][11] Platform Value - Jinrong China's core advantages include compliance guarantees, with client funds independently held by third-party banks, and a stable technology infrastructure that ensures rapid order execution even during market volatility [14] - The platform offers transparency and cost control, with zero commissions and spreads as low as $0.2 per ounce, significantly reducing trading costs for frequent transactions [14] Conclusion - The recent fluctuations in gold prices highlight the need for investors to balance risks and opportunities in gold investment [18] - The choice of trading platform is crucial for investment success, emphasizing the importance of reliable technology and adaptable services in navigating the gold investment landscape [18]

Core Viewpoint - Recent controversies surrounding precious metal platforms, particularly the false rumors about "Jinsheng Precious Metals Investment being scammed," have drawn investor attention to the risks of fraud in the market [1] Compliance and Security - Jinsheng Precious Metals is a compliant platform with qualifications from the Hong Kong Stock Exchange, supported by a global service network and a user base exceeding 30 million, with daily spot gold trading volume surpassing 1 billion USD [3] - As a member of the Hong Kong Gold Exchange, Jinsheng meets the highest industry standards for trading qualifications and risk control, ensuring that every transaction over 0.1 lots generates a unique "transaction code" for real-time verification [4] - The platform employs a three-tiered security system of "bank custody + independent auditing + risk reserve," ensuring client funds are stored separately in licensed bank accounts and undergo regular audits by third-party firms [4] Technological Advantage - Jinsheng's trading system boasts a transaction execution speed of under 0.03 seconds, with a slippage rate of only 0.05%, allowing investors to capitalize on market opportunities even during volatile periods [5] - The platform has introduced an "intelligent market alert system" that uses AI algorithms to analyze global financial data and send alerts when prices exceed preset thresholds, aligning with market trends [5] User Service - Jinsheng offers a comprehensive service system that includes support for novice investors through simulated accounts and educational resources, while advanced traders can develop personalized analysis models using 25 technical indicators [6] - The platform has achieved a leading position in customer service response times, with a 5-second response for inquiries and a complaint resolution time of no more than 1.5 hours [6] - Transaction costs are minimized with competitive spreads and a zero-commission policy, allowing investors to save over 35% on trading costs [6] Market Context - Despite Jinsheng's robust compliance and technological innovations, investors are advised to remain rational, especially given the rising risks of data manipulation in the precious metals market [7] - The company emphasizes the importance of verifying platform qualifications through regulatory numbers, transaction codes, and audit reports, while also warning against platforms promising guaranteed returns [7]

Core Viewpoint - Kingrong China has been awarded the "Best Regulated Broker Award" by FXDailyInfo for 2025, highlighting its compliance and operational standards in the global precious metals investment industry [1] Group 1: Compliance and Regulation - Since its establishment in Hong Kong in 2010, Kingrong China has prioritized compliance as its foundation, adhering to the strict regulations of the Hong Kong Gold Exchange [3] - Kingrong China is one of the most active traders on the Hong Kong Gold Exchange and is recognized as a leading compliant platform in the precious metals investment industry [3] - The company provides free trading codes for clients, significantly reducing trading costs and enhancing transaction transparency [3] Group 2: Customer Service - Kingrong China emphasizes a customer-first service philosophy, continuously optimizing its service system to enhance the investment experience [6] - A dedicated customer service team is available 24/7 to provide one-on-one assistance, addressing various investor inquiries [6] - The platform features experienced analysts who offer market analysis and investment strategies to help investors make informed decisions [6] Group 3: Risk Management - Kingrong China implements a robust risk control system to ensure the safety of client investments, focusing on financial risk prevention [7] - The company has established a comprehensive risk management framework to enhance its operational stability and safeguard client accounts, funds, transactions, and data [7] - The effective risk control measures have contributed to Kingrong China's recognition and success in providing wealth management services to millions of clients globally [9] Group 4: Strategic Partnerships - Kingrong China collaborates with the Hong Kong Gold Exchange to leverage its status as the "Best Regulated Broker" to accelerate the establishment of Hong Kong as an international gold trading center [9] - This partnership aims to offer diverse investment opportunities and high-quality services to global investors, marking a new chapter in gold trading [9]

Group 1 - The international gold market has experienced significant volatility since May, with a notable surge in early May followed by a recent pullback, yet there remains a consensus on gold's long-term allocation value [1] - On May 5, gold prices saw a daily increase of over 2.7%, reaching a peak of $3,320 per ounce, marking a new high in two weeks, reflecting deep global economic and geopolitical dynamics [1][3] - The weakening of the US dollar and policy uncertainties have driven demand for gold, with the dollar index dropping to 99.684, enhancing gold's appeal [3] Group 2 - Market expectations for potential interest rate cuts by the Federal Reserve have fluctuated, with strong economic data delaying these expectations and causing increased volatility in gold prices [4] - Central banks globally have been net buyers of gold for six consecutive years, with a notable increase of 244 tons in Q1 2025, while investment demand surged by 170% year-on-year, highlighting gold's growing financial attributes [5] Group 3 - For ordinary investors, the current volatility in the gold market presents both risks and opportunities, with recommendations to closely monitor policy signals and consider strategic positions around key support levels [7] - A suggested allocation of 5%-15% of household assets to gold, utilizing gold ETFs or physical gold bars for risk diversification, is advised, as institutional holdings in domestic gold ETFs have increased by 327% since the beginning of the year [7] - Investors are encouraged to choose compliant platforms to reduce trading costs and manage risks effectively, with some platforms offering low spreads and zero transaction fees [8] Group 4 - The fluctuations in gold prices reflect the uncertainty in the global economy, suggesting that investors should focus on long-term value through diversified allocations and risk awareness rather than chasing short-term volatility [11]

值得注意的是，此轮金价涨势并非仅由传统的"黑天鹅"事件推动，新能源革命带来的工业需求增量也为黄金投资注入了新动能。光伏与半导体 产业对白银的爆发式需求，间接拉动了贵金属板块的估值重构。 在金价大幅拉升的背后，是市场对美联储降息预期、央行购金潮以及黑天鹅事件的集体反应。此轮金价上涨，不仅仅是短期避险情绪的推动， 更是全球货币宽松政策与"去美元化"趋势的长线信号。 面对金价的高波动性，传统的单向做多策略已难以适应市场变化。普通投资者常常陷入两难境地：盲目追高容易被套牢，而观望等待又可能错 失行情。而专业机构早已通过"多空双向+杠杆工具"来捕捉波段收益。以万洲金业为例，其现货黄金产品支持T+0交易，投资者在涨跌中均可 获利。在5月19日这种振幅超3%的行情中，投资者可以精准捕捉金价波动中的短线机会，通过日内多次交易获取价差收益，将避险需求转化为 实际收益。 在当今多重危机相互交织的复杂局势下，黄金市场正掀起一场前所未有的波动风暴。5月19日，国际金价单日涨幅一举突破40美元，现货黄金 价格盘中飙升至3244美元/盎司，创下年内最高单日涨幅纪录。这波凌厉的涨势，其导火索是穆迪突然下调美国主权信用评级，将评级展望 从" ...

Group 1 - The core factors driving the recent rise in gold prices include increased market uncertainty due to the Federal Reserve's policy shifts, ongoing geopolitical risks, and fluctuations in the US dollar and bond yields [3][5][6] - The Federal Reserve's decision to maintain interest rates in May, coupled with higher-than-expected CPI data, has led to divided expectations regarding potential rate cuts in September, enhancing gold's appeal as a non-USD asset [3][5] - Geopolitical tensions, such as the ongoing Russia-Ukraine conflict and Middle East instability, have prompted central banks to increase gold reserves, with a record net addition of 1136 tons in 2024, supporting long-term gold prices [3][5] Group 2 - The current gold market is characterized by high volatility and differentiation, necessitating a strategic approach to capture structural opportunities [5][6] - Investors are advised to combine technical and fundamental analysis for trading decisions, focusing on key price levels such as the resistance at $3280 and potential breakout points [5][6] - Diversification is recommended, with gold constituting 10%-20% of an asset portfolio, utilizing various gold products to balance long-term value and short-term trading opportunities [6][7] Group 3 - Utilizing trading platform tools can enhance the trading experience, such as tracking Federal Reserve policy changes and employing stop-loss mechanisms to manage risks during market fluctuations [7][10] - The inherent volatility of leveraged trading in spot gold necessitates strict position control and risk management strategies to mitigate potential losses [9][10]