Core Viewpoint - The precious metals market is experiencing a buildup of momentum as it approaches year-end, driven by the Federal Reserve's interest rate cut cycle, which remains the strongest support for the bull market in precious metals [3][12]. Group 1: Market Performance - Last week, gold and silver reached new highs, with gold increasing over 2% and silver rising more than 6% on a weekly basis [2][10]. - After reaching these highs, both metals experienced a pullback due to a rebound in the US dollar, as investors took profits at elevated levels [2][10]. Group 2: Technical Analysis - The technical outlook remains strong, with gold maintaining its position near historical highs, indicating a healthy technical correction [5][12]. - Silver's momentum is even stronger than gold, having set new highs for five consecutive days, suggesting that any pullback is a natural pause after rapid gains [5][12]. Group 3: Key Support Factors - Confirmation of the monetary policy path is crucial; any indications of further rate cuts or sustained low rates in 2025 will directly benefit gold [6][12]. - Signs of weakening economic data, particularly in employment and consumption, could enhance expectations for quicker and deeper rate cuts by the Federal Reserve, significantly boosting the appeal of non-yielding assets like gold [6][12]. Group 4: Geopolitical and Industrial Demand - Ongoing geopolitical uncertainties will continue to provide a solid foundation for safe-haven buying of gold [7][13]. - Silver benefits from its dual attributes, with strong industrial demand (in green energy, photovoltaics, and electronics) providing additional upward potential [7][13]. Group 5: Upcoming Economic Indicators - The upcoming US November non-farm payroll report and CPI inflation data will be critical catalysts for determining the market direction before year-end [7][13]. - A scenario of slowing employment combined with cooling inflation would be most favorable for gold and silver, potentially leading to a significant breakout above previous highs [7][13][15]. - Conversely, if employment remains strong and inflation persists, it may lead to skepticism about the Federal Reserve's easing intentions, resulting in a rebound of the dollar and upward pressure on interest rates, which could create selling pressure on precious metals [15].

基本面： 周一（12月15日）亚市早盘，现货白衣交投于62.00美元/盎司附近。基本面上周现货白银更是一度上涨1.44%至62.87美元/盎司，白银创纪录新高后获利了 结，短期回调压力增大与黄金形成鲜明对比的是白银的表现。现货白银一度飙升至64.64美元/盎司的历史性新高，但随后遭遇大规模获利了结，上周五下跌 近3%，收于61.7美元附近。上周白银累计上涨近5%，今年以来涨幅更是惊人地达到112%。推动白银大涨的主要因素包括库存持续收紧、工业需求强劲增 长，尤其是太阳能、电动汽车和数据中心等领域的应用需求爆发，以及白银被列入美国重要矿产清单。这些基本面因素让白银的长期前景依然看好，但分析 师指出，价格上涨已经有些过度，短期需要谨慎对待。 目前白银行情为价格上涨趋势。可以布局支撑多单和压力位空单思路。 1. 白银技术图表显示目前K线支撑位59.50附近 2. 大周期MACD图形呈现均线相交箭头向上大趋势看涨，目前盘整为主要MACD亚盘方向。能量柱显示波峰平缓且处于能量柱0轴上方且能量减弱。市场活 跃 度减弱，交易需要谨慎并且可参考低位多高空轻仓操作。 从长期来看，工业需求预计还将增加，但当前的高位可能引发更多抛 ...

Core Insights - The article discusses the rising popularity of gold trading apps in 2025, highlighting the performance of three major platforms: Lingfeng Precious Metals APP, Huangyu Precious Metals APP, and Yongfeng Financial APP. It emphasizes the importance of choosing a reliable trading app for successful gold investment. Group 1: App Evaluation - Three gold trading apps were evaluated based on key metrics such as compliance, user experience, and cost-effectiveness. Lingfeng Precious Metals APP emerged as the top choice due to its compliance with Hong Kong Gold Exchange regulations and its status as one of the most active London gold and silver traders in 2025 [2][3]. - All three platforms offer stable trading systems capable of handling market fluctuations, with Lingfeng and Huangyu providing professional commentary and live broadcasts to assist users in making informed trading decisions [4]. - Lingfeng offers a low entry point for trading, starting at $10, and both Lingfeng and Huangyu provide commission-free trading and free account opening, while Yongfeng utilizes floating spreads to enhance trading flexibility [5]. Group 2: Lingfeng Precious Metals APP Features - The Lingfeng APP includes a one-click order feature on the market page, allowing users to quickly open positions during market volatility, which is beneficial for short-term traders [7]. - The app offers a visual stop-loss and take-profit feature, enabling users to easily adjust their settings, making it user-friendly for beginners [8]. - Lingfeng provides a point spread rebate program, where users can receive up to $26 per hand upon closing a position, creating an immediate financial incentive for trading [8]. Group 3: User Guidance for New Traders - The article outlines a simple process for new users to open an account on the Lingfeng APP, which includes downloading the app, completing a quick registration, and activating the trading account without the need for printing or video verification [10]. - New users are encouraged to utilize a simulated trading account to practice before transitioning to real trading, with a recommendation to achieve a win rate of over 60% in the simulation before investing real money [11]. - The article explains the cost of trading, noting that the margin for 0.01 lots is as low as $10, making it accessible for new investors [12].

Price Performance - London Gold's latest price is 4346.95 with a change of 116.60 [4] - London Silver's latest price is 64.51 with a change of 2.39 [4] - London Platinum's latest price is 1669.00 with a change of 4.00 [4] - London Palladium's latest price is 1471.00 with a change of -10.00 [4] - WTI Crude's latest price is 57.44 with a change of -0.16 [4] - LME Copper's latest price is 11898.00 with a change of 273.00 [4] - US Dollar Index's latest value is 98.40 with a change of 0.06 [4] - Euro to US Dollar's latest rate is 1.17 with a change of 0.00 [4] - British Pound to US Dollar's latest rate is 1.34 with a change of -0.00 [4] - US Dollar to Japanese Yen's latest rate is 155.84 with a change of 0.27 [4] - US 10 - year TIPS's latest value is 1.93 with a change of 0.04 [4] Trading Data - SHFE Silver's latest inventory is 820.92 with a change of 40.32 [5] - Gold ETF's latest holding is 1053.12 with a change of 2.29 [5] - Silver ETF's latest holding is 16102.90 with a change of 19.74 [5] - SGE Gold's deferred fee payment direction is 1 with a change of 0.00 [5] - SGE Silver's deferred fee payment direction is 2 with a change of 0.00 [5]

北京时间周一(12月15日)亚盘时段，美元指数交投于98.446附近，现货白银今日开盘于61.79美元/盎司， 目前交投于61.96美元/盎司附近，白银t+d交投于14500元/千克附近，沪银主力交投于14498元/千克附 近。今日基本面关注美联储理事米兰将发表讲话。 上周五(12月12日)美元指数上涨0.04%，收报98.395，现货白银收报62.01美元/盎司，下跌2.42%，由于 美联储继续上演"鹰鸽大乱斗"，现货黄金盘中一度冲上4350美元，但随后急跌近百美元，现货白银价格 将历史新高刷新至64.6美元上方，但随后大幅跳水：现货黄金上涨0.48%，报4299.39美元/盎司，现货铂 金收涨3.05%，报1745.10美元/盎司；现货钯金收跌0.35%，至1487.25元/盎司。 【最新数据一览】 12月12日白银ETF持仓16102.9吨，较前一交易日上涨19.74吨； 12月12日延期补偿费支付方向：Ag(T+D)--空付多。 【要闻速递】 09:30中国70个大中城市住宅售价月报 10:00中国11月社会消费品零售总额同比 10:00中国11月规模以上工业增加值同比 1.美联储古尔斯比：应等待更多 ...

This Has Been A Wild Day Of Trading In The Gold & Silver Markets This has been a wild day of trading in the gold and silver markets.Now it’s gold’s turnDecember 12 (King World News) – Alasdair Macleod:  Wednesday’s FOMC statement confirmed that money-printing resumes, set to undermine the dollar in 2026. Estimates of future inflation will increase and gold and silver rise further. The star of the show this week was silver, as the chart below illustrates. The message being sent to derivative markets should ...

12月12日，贵金属市场依旧展现出显著韧性，白银再创历史新高，黄金亦逼近纪录区间。在这一背景 下，ZFX山海证券认为，目前的走势同时受到技术形态确认与美元持续走弱的双重推动，为关注避险资 产的投资者提供了鲜明的市场指引。 形态在上周二获得确认后，白银经历了四日横盘整固，用以吸收前期涨幅并为下一段升势蓄力。本周 二，白银开启了新一轮连续三天的强劲上攻，价格被推升至前所未见的高度。ZFX山海证券表示，在最 新交易日中，白银期货上涨1.79美元、涨幅2.89%，收报63.99美元，盘中更触及64.72美元的历史高位， 再度印证"三白兵"形态的有效性与市场持续旺盛的买盘力量。 与白银齐头并进，黄金亦维持稳健涨势。最新活跃合约上涨51.20美元、涨幅1.20%，至4309.50美元， 创出自10月25日以来的最高水平，并逼近10月20日创下的4436美元纪录价位。ZFX山海证券认为，两大 贵金属的同步走强反映了更广泛的宏观力量正在发挥作用。 贵金属强势的核心基本面来自于美元的连续疲软。数据显示，美元指数已连续三周下跌，期间累计跌幅 1.95%，若本周剩余交易日继续承压，跌幅甚至可能突破2%。ZFX山海证券表示，在美元持 ...

美联储宣布将联邦基金利率下调25个基点，目标区间由3.75%-4.00%降至3.50%-3.75%。这是2025年以来 的第三次降息，累计降幅达到75个基点，延续了年内的宽松节奏。 与此同时，美联储还同步下调了多项关键利率工具：超额准备金利率（IORB）、逆回购利率（ON RRP）以及贴现率均随基准利率下调25个基点，同时取消了常设回购操作的上限，以增强短期流动性调 节能力。 值得注意的是，会议还宣布一项重要流动性管理措施：自12月12日起重启储备管理购债，计划在30天内 购买约400亿美元短期国债，未来几个月将维持较高的初始购买规模，后续则会"大幅降低"购买力度。 12月11日，COMEX白银库存录得14177.51吨，较上一日减少18.6吨；comex白银周四（12月11日）收报 63.97美元/盎司，上涨2.93%，comex白银价格日内最高上探至64.72美元/盎司，最低触及61.78美元/盎 司。 最新comex白银库存数据： | 日期 | comex白银库存量(吨) | 增持/减持（吨） | | --- | --- | --- | | 2025-12-10 | 14177.51 | -18.6 | ...

Core Viewpoint - Gold prices are expected to record a weekly increase following the Federal Reserve's anticipated 25 basis point rate cut this week, with investors hoping for further policy easing next year [1] Group 1: Gold Market - New York futures prices rose 0.2% to $4,322.20 per ounce, marking a cumulative increase of 1.9% for the week [1] - Gold's price movement is closely tied to broader policy outlooks and real yields, with expectations that it will continue to serve as a reliable macro sentiment indicator [1] Group 2: Silver Market - Silver futures reached a record high of $64 per ounce, driven by speculative interest amid supply shortage narratives [1] - Analysts suggest that while silver attracts speculation, gold's performance remains more influenced by macroeconomic factors [1]

摘要今日周五（12月12日）亚欧时段，美联储宣布降息25个基点后，金价于周四小幅攀升。此次降息举 措为市场注入了一定的流动性，对黄金价格形成了支撑。与此同时，白银价格也展现出强劲走势。在利 率下降和供应紧张的双重利好因素推动下，纽约商品交易所的白银价格再创新高。投资者对贵金属的需 求增加，进一步推升了白银价格。交易员们正密切关注俄罗斯与乌克兰之间的和平谈判进展。地缘政治 局势的缓和预期对贵金属产生了一定支撑。 北约秘书长马克·吕特在柏林发表讲话时警告称，俄乌冲突持续近四年后，北约已成为俄罗斯的下一个 目标，且已经处于危险之中。他呼吁各国为可能发生的大规模战争做好准备。 值得注意的是，在6月之前的每次会议上，美联储都一致同意保持利率不变。然而，在最近的会议上， 却出现了三种不同的意见分歧。其中，米兰呼吁降息50个基点，另外两名官员则敦促维持利率不变，而 最终九名官员决定降息25个基点。 鲍威尔表示，他希望在明年5月美国经济状况良好的情况下离开美联储。他还指出，关税是导致通胀超 调的主要原因之一。此前，特朗普曾多次批评他没有大幅削减借贷成本。 技术分析 现货黄金：金价因交易员关注美元回调而走高。疲弱的初请失业金人 ...