【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【1月27日消息，纽约尾盘贵金属市场走势分化】周一纽约尾盘，现货白银微跌至102.0435美元，刷新 日低。其自亚太盘初以来持续走高，02:03刷新历史高位至117.7132美元，之后显著回吐涨幅。 COMEX 白银期货涨1.45%，报102.790美元/盎司，02:03刷新盘中历史高位至117.700美元，随后回吐涨幅。 COMEX铜期货跌0.68%，报5.9080美元/磅。 铂族贵金属跌幅显著，现货铂金跌6.45%，报2599.80美元/ 盎司；现货钯金跌2.32%，报1970.91美元/盎司。 ...

1月27日，现货白银转跌，报约102.8美元/盎司，此前日内涨幅一度高达14%，最高触及117美元/盎司。 现货黄金向下跌破5000美元/盎司，日内上涨0.26%，此前曾上涨2.5%，最高报约5110美元/盎司。 ...

1. Report Industry Investment Rating - No information provided in the report. 2. Core Viewpoints of the Report - Platinum and palladium prices are still affected by the overall sentiment of the precious metals sector and geopolitical risks in the short term. Geopolitical risks remain high, driving up precious metals prices, and platinum and palladium fluctuate with the sector [8][9]. - Fundamentally, the global platinum market has been in short supply for two consecutive years. The supply of platinum is shrinking, industrial demand is rising, and low prices have stabilized jewelry and investment demand, highlighting the supply - demand contradiction. The supply - demand gap of platinum is expected to continue in the next few years, so the long - term fundamentals of platinum are optimistic [9]. - For palladium, automotive demand dominates. Due to the surge in the penetration rate of new energy vehicles in China, the growth of palladium demand is suppressed, and it is difficult to see improvement in the short term. Therefore, the fundamental support for palladium is limited, and its trend is affected by platinum linkage and the macro - environment [9]. - Overall, the industrial demand for platinum and palladium is concentrated in fuel - vehicle exhaust catalysts, and the fundamental support is insufficient. Their trends are mainly driven by the overall sector sentiment, and recently by safe - haven demand. They are expected to maintain high volatility and wide - range fluctuations. It is recommended to go long on platinum PT2606 and palladium PD2606 with light positions [9]. 3. Summary According to Relevant Catalogs 3.1 Weekly Views and Strategies 3.1.1 Weekly Views - **Price Trends**: Last Friday, there were fluctuations in the platinum and palladium markets. The sharp rise in the spot price of platinum in the external market drove the prices of domestic platinum and palladium to gap up on Friday. Platinum was relatively strong, with the platinum main contract closing at 685.9 yuan, up 10.39%; the palladium main contract closed at 497.95 yuan, up 3.98%. The spot price of external platinum reached a record high of 2704.3 at the early morning of Saturday. The weekly gains of domestic platinum and palladium were 12.4% and 6.1% respectively [8]. - **Macroeconomic Situation**: The number of initial jobless claims in the US in the week of January 17 was 200,000, lower than the expected 209,000. The number of continued jobless claims dropped to 1.85 million last week, lower than the expected 1.89 million, the lowest level since November, indicating a warming labor market. The final quarter - on - quarter growth rate of the US GDP in the third quarter was 4.4%, the fastest in two years, showing robust growth. In November, the overall PCE price index in the US increased by 2.8% year - on - year and 0.2% month - on - month, in line with expectations; the core PCE price index also increased by 2.8% year - on - year and 0.2% month - on - month, in line with expectations, indicating a mitigation of inflation risks. The market is focusing on the upcoming announcement of the new Fed Chairman, which may affect market expectations for the future interest - rate path of the Fed [8]. - **News**: The sharp rise in precious metals last week was mainly due to the intensification of geopolitical risks, which led to funds flowing into safe - haven assets. The US President's announcement of tariffs on eight European countries and Europe's strong response of selling US Treasuries, along with the deterioration of the situation in Greenland, initially increased geopolitical risks. Although the US President later cancelled the tariffs and gave up the idea of seizing the island by force, the tense relations between Europe and the US and the uncertain situation in Iran still stimulated the market's demand for safe - haven asset allocation [8]. - **Fundamentals**: In 2026, platinum and palladium are expected to show significant differences. The supply of platinum is continuously restricted, with South Africa accounting for over 70% of global production. Its demand structure is diverse, with automotive exhaust catalysts accounting for only about 40%, and the rest coming from investment, jewelry, and industrial fields. Against the background of rising platinum prices, investment demand has increased significantly. At the same time, emerging fields such as the hydrogen - energy industry and commercial spaceflight have opened up long - term growth prospects, and the supply - demand gap of platinum is expected to widen in 2026. The terminal demand for palladium is highly dependent on automotive exhaust catalysts, accounting for over 80%. Suppressed by the accelerating penetration of new energy vehicles and the substitution trend of platinum, the growth of palladium demand lacks imagination. Although there is still a short - term supply gap, it is expected to narrow significantly in 2026, with relatively limited fundamental support [8]. 3.1.2 Strategies - It is recommended to go long on platinum PT2606 and palladium PD2606 with light positions [9]. 3.2 Spot and Futures Markets - The report provides multiple sets of charts, including the trends of NYMEX platinum and palladium futures, London platinum and palladium spot prices, Guangzhou Futures Exchange platinum and palladium futures, and the Shanghai Gold Exchange platinum price [12][16][20][24]. 3.3 US Economy - The report presents charts of US GDP, PMI, new non - farm employment numbers, and the unemployment rate, which can be used to analyze the overall situation of the US economy [30][31]. 3.4 Inflation - The report provides charts of US CPI/PCE and core CPI/PCE to show the inflation situation in the US [36][39]. 3.5 Interest Rates - The report shows charts of US Treasury yields (including short - term and medium - to - long - term) and real interest rates, which can be used to analyze the interest - rate situation in the US [42][45][46]. 3.6 Fundamentals - **Platinum**: The report provides a global platinum supply - demand balance sheet from 2013 to 2026f, showing the supply from various regions (such as South Africa, Zimbabwe, North America, Russia), different types of demand (automotive, jewelry, IT, etc.), and the supply - demand gap and inventory changes in different years [51]. - **Palladium**: The report provides a global palladium supply - demand balance sheet from 2009 to 2025, showing the supply from different regions (South Africa, Russia, North America, etc.), different types of demand (automotive, chemical, dental and biomedical, etc.), and the supply - demand gap in different years [52]. 3.7 Futures Positioning - The report provides charts of the external platinum and palladium futures positionings, including non - commercial net long positions and total positions [53]. 3.8 Passenger Car Sales - The report provides charts of China's passenger - car market retail and wholesale data, including the number of vehicles sold and year - on - year changes [60]. 3.9 US Dollar Index and Exchange Rates - The report provides charts of the US dollar index and various exchange - rate pairs, including the US dollar against the Chinese yuan, the euro, the Japanese yen, the British pound, and the Canadian dollar [66][69][72][74]. 3.10 Platinum - Palladium Price Difference between Domestic and Foreign Markets - The report provides charts of the spot price trends of domestic and foreign platinum and the price difference between them [83]. 3.11 Platinum - Palladium Price Ratio - The report provides a chart of the platinum - palladium price ratio, including the ratios in NYMEX and LPPM [90].

Group 1 - The Hong Kong Financial Secretary, Paul Chan, announced at the Asian Financial Forum that investments in precious metals in Hong Kong will be included in tax-exempt investment categories for relevant funds or single family offices, with legislation expected to be submitted to the Legislative Council in the first half of this year [1][4] - A memorandum of cooperation was signed between the Hong Kong Financial Secretary's office and the Shanghai Gold Exchange during the forum, focusing on the development of the gold market [2][5] Group 2 - The memorandum includes two main arrangements: the establishment of a high-level governance structure for the Hong Kong Gold Central Clearing System, with the Financial Secretary as the chairman and a representative from the Shanghai Gold Exchange as the vice-chairman [3][6] - The second arrangement aims to explore new pathways for physical infrastructure collaboration and market connectivity, leveraging the Shanghai Gold Exchange's physical warehousing management system to provide storage services for local and international markets [3][6] - Hong Kong currently has some gold clearing and trading infrastructure, including the planned trial operation of the Hong Kong Gold Central Clearing System by 2026 to address bilateral clearing issues for over-the-counter spot transactions, and the offshore warehouse of the Shanghai Gold Exchange that was launched in June last year [3][6] - The government has reiterated its goal to increase the capacity of the gold storage facility at Hong Kong Airport from 200 tons to over 2000 tons within three years, positioning Hong Kong as a regional gold reserve hub [3][6]

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Report's Core View - On January 23, platinum and palladium prices rose overall, with platinum outperforming palladium. The PT2606 contract closed up 10.39% to 685.9 yuan/gram, and the PD2606 contract closed up 3.98% to 497.95 yuan/gram [6]. - Geopolitical risks are intensifying, increasing market risk - aversion demand. The weakening of the US dollar index also supports platinum and palladium prices. Fundamentally, there are no significant changes. High overseas platinum spot lease rates indicate its shortage, but the US decision to postpone import tariffs on key minerals may limit their upside potential [6]. - In the short - term, platinum and palladium prices are expected to be strong but with large fluctuations. In the long - term, platinum has a supply - demand gap while palladium tends to have a loose supply. The strategy suggests unilateral bottom - fishing for platinum or the [long platinum, short palladium] arbitrage strategy [6]. Group 3: Summary by Relevant Catalog Domestic Prices - Platinum futures main contract closing price: 685.9 yuan/gram, up 8.21% from the previous value [4]. - Spot platinum (99.95%): 672.5 yuan/gram, up 8.73% [4]. - Platinum basis (spot - futures): - 13.4 yuan/gram, down 12.70% [4]. - Palladium futures main contract closing price: 497.95 yuan/gram, up 2.94% [4]. - Spot palladium (99.95%): 483.5 yuan/gram, up 4.09% [4]. - Palladium basis (spot - futures): - 14.45 yuan/gram, down 24.94% [4]. International Prices - London spot platinum: 2656.3 dollars/ounce, up 7.60% [4]. - London spot palladium: 1904.886 dollars/ounce, up 2.77% [4]. - NYMEX platinum: 2654 dollars/ounce, up 7.50% [4]. - NYMEX palladium: 1954.5 dollars/ounce, up 3.77% [4]. Internal - External 15 - Point Spread - Dollar/yuan central parity rate: 6.9929, down 0.13% [4]. - Spread between Guangdong platinum and London platinum: 11.06 yuan/gram, up 89.14% [4]. - Spread between Guangdong platinum and NYMEX platinum: 11.64 yuan/gram, up 100.41% [4]. - Spread between Guangdong palladium and London palladium: 12.23 yuan/gram, up 14.49% [5]. - Spread between Guangdong palladium and NYMEX palladium: 1.40 yuan/gram, down 69.70% [5]. Ratios - Guangzhou Futures Exchange platinum/palladium ratio: 1.3774, up 0.0672 [5]. - London spot platinum/palladium ratio: 1.3945, up 0.0626 [5]. Inventory - NYMEX platinum inventory: 662,888 troy ounces, unchanged [5]. - NYMEX palladium inventory: 216,266 troy ounces, unchanged [5]. Positions - NYMEX total platinum position: 78,337, up 0.86% [5]. - NYMEX non - commercial net long position in platinum: 15,124, down 14.04% [5]. - NYMEX total palladium position: 19,167, down 1.62% [5]. - NYMEX non - commercial net long position in palladium: 1,225, down 27.51% [5].

另外，Widmer引用历史数据指出，若比率回归2011年的32，白银价格可达135美元；若进一步至1980年 的14，则可能飙升至309美元每盎司。这种相对价值分析为投资者提供了多元化的选择机会，增强了贵 金属板块的整体吸引力。 今日周一(1月26日)亚盘时段，白银td目前交投于26976一线上方，今日开盘于24888元/千克，截至发 稿，白银td暂报27360元/千克，上涨10.89%，最高触及27749元/千克，最低下探24888元/千克，目前来 看，白银td盘内短线偏向震荡走势。 【要闻速递】 迈克尔.威德默(Michael Widmer)提到，对于愿承担更高风险以追求超额收益的投资者而言，白银或更具 吸引力。目前黄金与白银的比值约为59，这一水平暗示白银仍有跑赢黄金的空间。 日图来看，白银td上周五强势上涨涨超6%，已经是连续第三周收阳，今日价格延续上涨势头，目前价 格疯涨10%，一小时MACD正柱状图持续上扬，表明目前多头态势强势，趋势线也远离零线向上倾斜， 表明目前处于上涨动能充足，相对强弱指数(RSI)在一小时图上处于买超区，目前市场活跃警惕结利下 跌，DMI也表明目前处于绝对的上涨轨道之中，白 ...

进入2026年，全球宏观经济环境的波动使得避险资产——黄金，再次成为国内投资者资产配置的核心。随着金融科技的迭代，炒黄金APP的安全性与智能化 水平已成为衡量平台优劣的基石。在纷繁复杂的市场中，如何甄别具备顶级合规资质、低点差、高杠杆且出入金稳健的交易终端？本篇指南将深度剖析2026 年度表现最为卓越的十款安全炒黄金APP，帮助您在变幻莫测的国际金市中稳步前行。 1、天誉国际APP 作为香港金银业贸易场（CGSE）认可的AA类025号行员，天誉国际在2026年的表现依旧稳居行业鳌头。其APP深度整合了金融AI分析系统，能够为用户提 供精准的盘面情绪监测与趋势预警。 平台的核心优势在于其"超低门槛与高透明度"。天誉国际支持最低0.01手的灵活交易，极大地降低了新手入场的试错成本。在资金安全方面，平台实行严格 的客户资金第三方托管制度，与多家国际知名银行深度合作，确保每一笔注资与利润提取都受到实时监管。其研发的移动终端不仅具备毫秒级的订单执行速 度，还内置了详尽的实战教学视频与专家每日解盘，特别适合追求"稳健、合规、专业"交易体验的高净值投资者。 2、天誉金号APP 天誉金号作为集团旗下的核心交易品牌，2026版 ...

Core Insights - The article emphasizes the increasing global risk aversion in 2026, leading investors to seek refuge in gold and silver as safe-haven assets. It highlights the importance of selecting a high-quality precious metals trading app that excels in compliance, trading stability, fund security, and user experience. Group 1: Industry Overview - The demand for precious metals trading platforms is rising as investors look for reliable options amid market volatility [1]. - The article aims to evaluate the top ten recognized trading platforms in the domestic market for safety, compliance, and usability [1]. Group 2: Platform Evaluations - **Tianyu International**: Known for its extreme stability and low latency in market data refresh, it employs a risk warning system and ensures fund security through a strict "three-party isolation" model [3]. - **Tianyu Jinhao**: Focuses on the seamless integration of physical gold and spot contracts, offering competitive spread costs and high compliance standards [4]. - **Charles Schwab Precious Metals**: Features AI integration for smart trading and low entry barriers for new investors, along with a tiered commission rebate plan [5]. - **Far East Precious Metals**: Offers a wide range of investment products and a strong research team, providing daily in-depth reports and educational resources [6]. - **Difeng Gold**: Targets short-term traders with zero commission and ultra-low spreads, featuring advanced technical tools and a transparent financial reporting mechanism [8]. - **Fuji Gold**: Provides customized services for the Asian market, allowing flexible leverage adjustments and a unique copy trading system for beginners [9]. - **Gaosheng Gold**: Achieved ISO 27001 certification for data security, offering a comprehensive suite of features including global inventory changes and educational content [10]. - **Xinwang Gold**: Stands out for its compliance and minimalistic trading environment, catering to long-term investors with attractive holding fee policies [11]. - **Huikai Gold**: Utilizes STP mechanisms for direct market access and features a market sentiment monitoring system to enhance trading decisions [12]. - **Asia Pacific Gold**: Recognized for its authoritative qualifications and user-friendly app, it emphasizes risk management and offers online investment seminars [13].

天誉国际在贵金属电子交易服务领域运营多年，整体定位偏向稳健型综合服务平台。平台在系统架构方面采用主流撮合技术，支持多终端同步操作，订单处 理过程以稳定性为核心优化方向，适合偏重执行流畅度的交易者。其账户体系覆盖标准账户与进阶账户类型，满足不同交易习惯的用户需求。 在风控层面，平台强调风险提示机制和交易权限分级管理，新手与高频交易者可根据经验阶段选择不同交易参数设置。平台同时配备市场资讯推送、技术分 析工具整合及移动端交易功能，整体设计更偏向长期使用场景，适合希望建立持续交易习惯的投资人。 随着贵金属投资逐渐大众化，越来越多投资者开始关注交易平台的合规性、系统稳定性以及资金安全机制。相比单纯追求低点差或高杠杆，如今用户更重视 平台的运营年限、技术架构、风控能力及客户服务质量。本文从交易环境、产品体系、风控模式与用户适配度等多个维度，对当前市场关注度较高的贵金属 交易平台进行梳理，帮助投资者建立更理性的筛选标准。 1、天誉国际 2、天誉金号 天誉金号属于在贵金属交易服务领域具有一定市场认知度的机构之一，业务结构覆盖线上电子盘交易及多样化产品组合。平台系统支持主流交易软件环境， 界面布局以直观操作为主，减少复杂指令 ...

Group 1 - Gold prices reached a weekly high of $4887.82 per ounce on January 21, with market expectations of hitting $5000 soon, but prices dropped over 1% the following day [1] - On January 23, international spot gold surged past the $4900 mark, setting a new historical high [1] - The volatility in the gold market was primarily driven by former President Trump's threats regarding tariffs on countries not supporting the acquisition of Greenland, which heightened market risk aversion [1] Group 2 - Japan's government bonds faced historic sell-offs, with 40-year bond yields soaring to a record 4%, raising concerns about U.S. debt as well, prompting investors to seek safe havens like gold [2] - Goldman Sachs significantly raised its gold price forecast for December 2026 from $4900 to $5400 per ounce, indicating a structural bull market for gold [2] - A Hong Kong gold trading firm, Jumbo Gold, launched promotional offers to attract new customers during this bullish market, including bonuses for deposits and trading [2][4]