贵金属早报 研究中心宏观团队 2025/05/22 价 格 表 现 品种 伦敦金 伦敦银 伦敦铂 伦敦钯 WTI原油 LME铜 最新 3299.65 33.16 1025.00 996.00 61.57 9575.50 变化 38.10 0.66 33.00 36.00 -0.46 103.50 品种 美元指数 欧元兑美元 英镑兑美元 美元兑日元 美国10年期TIPS 最新 99.60 1.13 1.34 143.68 2.23 变化 -0.42 0.00 0.00 -0.82 0.10 交 易 数 据 日期 COMEX白银 库存 上期所白银 库存 黄金ETF持仓 白银ETF持仓 上金所白银 库存 上金所黄金 递延费支付方向 上金所白银 递延费支付方向 最新 15570.34 940.80 919.88 14054.90 1574.34 1 1 变化 -14.65 11.58 -1.72 0.00 0.00 0.00 0.00 贵 金 属 比 价 升 贴 水 、 库 存 、 E T F 持 仓 变 化 易后果，凡据此入市者，我公司不承担任何责任。未经公司授权，不得随意转载、复制、传播本网站中所有研究分析报告、 ...

Core Viewpoint - The Shanghai Gold Exchange reported an increase in gold and silver prices on May 22, with gold T+D rising by 0.97% and silver T+D increasing by 0.84% [1] Price Movements - Gold T+D price reached 776.0 yuan per gram, reflecting a 0.97% increase [1] - Silver T+D price reached 8268.0 yuan per kilogram, reflecting a 0.84% increase [1]

上海黄金交易所黄金T+D 5月21日（周三）晚盘收盘上涨0.8%报774.7元/克； 上海黄金交易所白银T+D 5月21日（周三）晚盘收盘上涨0.56%报8245.0元/千克。 ...

上海黄金交易所黄金T+D 5月21日（周三）晚盘盘初上涨0.64%报773.5元/克； 上海黄金交易所白银T+D 5月21日（周三）晚盘盘初上涨0.29%报8223.0元/千克。 ...

| Au99.95 | | | | Au99.99 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 开盘价 | 771.00 | 最高价 | 771.00 | 开盘价 | 757.00 | 最高价 | 775.79 | | 最低价 | 771.00 | 收盘价 | 771.00 | 最低价 | 757.00 | 收盘价 | 773.82 | | 涨跌(元) | ↑ 19.2 | 涨跌幅 | ↑ 2.55% | 涨跌(元) | ↑ 20.33 | 涨跌幅 | 1 2.70% | | 加权平均价 | 771.00 | 成交量 | 2 | 加权平均价 | 772.89 | 成交量 | 8872.48 | | 成交金额 | 1542000 | 市场持仓 | | 成交金额 | 6857486828.2 | 市场持仓 | | | 交收方向 | | 交收量 | | 交收方向 | | 交收量 | | 金十图示：2025年05月21日（周三）上海黄金交易所市场行情 | Au100g | | | | iAu100g | | | | | --- | --- | ...

Core Viewpoint - The article emphasizes the importance of flexibility in gold investment and risk management capabilities for investors, particularly in the context of rising gold prices in 2025. It highlights the trading mechanisms provided by Kingrong China, a member of the Hong Kong Gold Exchange, which offers a comprehensive trading system for investors [1]. Group 1: Trading Time - The trading time is designed to seamlessly connect with global markets, operating 24 hours a day, with specific timings for summer and winter daylight saving periods [3]. - The trading sessions are categorized into Asian, European, and American sessions, each with distinct characteristics that affect liquidity and volatility [3]. - Compared to the Shanghai Gold Exchange's 10-hour segmented trading, Kingrong China's continuous trading mechanism allows investors to respond to sudden events in real-time, reducing the risk of missing trading opportunities [3]. Group 2: Core Trading Rules - The platform supports T+0 trading and allows for both long and short positions, providing tools for hedging against market volatility, especially during uncertain periods influenced by Federal Reserve policies [4]. - Each contract is 100 ounces with a basic margin requirement of $1,000, offering a leverage of approximately 30 times, and a forced liquidation line is set to mitigate extreme market risks [5]. - The cost structure is transparent, with spreads as low as $0.2 per ounce and no commissions or fees, while overnight positions incur clear interest costs [6]. - Unlike the Shanghai Gold Exchange's 15% price limit, Kingrong China allows for free price fluctuations, offering greater profit potential for trend traders [6]. Group 3: Platform Advantages - Kingrong China operates under the regulatory framework of the Hong Kong Gold Exchange with an AA license, ensuring client funds are securely held in third-party international banks to prevent misuse [9]. - The platform utilizes the MT5 system for order execution with minimal delay and incorporates SSL encryption and distributed server architecture for data security and system stability [9]. Group 4: Investor Strategy Recommendations - Investors are advised to focus on the American trading session, particularly around key economic data releases and Federal Reserve announcements, to optimize their trading strategies [10]. - The platform offers a range of services for new investors, including demo accounts and micro contracts to lower trial costs, as well as professional tools for market analysis [11]. - Risk control measures are emphasized, such as limiting individual trade positions to 5% of total capital and setting stop-loss points to manage potential losses effectively [11].

上海黄金交易所黄金T+D 5月21日（周三）收盘上涨2.83%报773.8元/克； 上海黄金交易所白银T+D 5月21日（周三）收盘上涨2.06%报8238.0元/千克。 ...

Group 1 - The Shanghai Gold Exchange's gold T+D rose by 2.75% to 773.23 yuan per gram on May 21 [1] - The Shanghai Gold Exchange's silver T+D increased by 2.08% to 8240.0 yuan per kilogram on May 21 [1]

上海黄金交易所黄金T+D 5月20日（周二）晚盘收盘上涨2.19%报769.0元/克； 上海黄金交易所白银T+D 5月20日（周二）晚盘收盘上涨1.81%报8218.0元/千克。 ...

上海黄金交易所黄金T+D 5月20日（周二）晚盘盘初上涨0.66%报757.5元/克； 上海黄金交易所白银T+D 5月20日（周二）晚盘盘初上涨0.59%报8120.0元/千克。 ...