伦敦金银市场协会（LBMA）发布的《2026年预测调查》显示，专业分析师与交易员目前预计，今年黄 金日均价格将较2025年上涨近五分之二，白银年均价格则有望翻倍。 【华通白银网1月21日讯】周二，黄金白银价格双双创下历史新高，这也是特朗普重返白宫的一周年。 贵金属在2026年延续连创新高的势头，而此前严重误判行情的分析师们，当前已作出本世纪迄今最乐观 的价格预测。 这两项对白银和黄金的价格预测，是LBMA自21世纪初开展调查以来最看涨的平均预测值。 在此次调查中，前银行与精炼业高管、LBMA预测竞赛中长期表现最出色的贵金属预测师之一Ross Norman此次提出的所谓"超常"预测，在黄金品类中被其他3位分析师超越，在白银品类中被1位超越， 在铂金和钯金品类中则分别被4位和2位分析师的预测超过。 （伦LBMA年度预测调查的共识预测与实际年均价格对比数据，2010-2026年） "这没关系。我会对他国家的葡萄酒和香槟征收200%关税，到时候他就会加入。但他其实不必非加入不 可。"特朗普称。 俄罗斯小报《莫斯科共青团员报》针对美欧围绕格陵兰岛的争执评论道："欧洲完全不知所措" 《俄罗斯报》则表示："如果特朗普在20 ...

Core Viewpoint - The resurgence of geopolitical tensions and the "sell-off of American assets" has led to a significant influx of safe-haven funds into gold and silver, driving both metals to record highs since 2025 [1][3]. Group 1: Market Trends - Gold and silver prices have continued to rise, with silver futures hovering around $94.6, following a peak of $95.77 [1]. - The demand for silver has surged, with retail investors in countries like Turkey and India willing to pay high premiums for the metal, leading to shortages of silver coins and small bars [2][4]. - Citigroup has made aggressive bullish predictions for precious metals, forecasting silver prices to reach $100 per ounce and gold to potentially exceed $5,000 in the next three months [3][13]. Group 2: Demand Drivers - The primary driver for the current rise in precious metals is demand, particularly from central banks for gold and industrial expansion for silver [2]. - Industrial applications, such as data center infrastructure and innovative silver-based batteries, are significantly boosting silver demand, while supply growth struggles to keep pace [2][12]. - The World Silver Association highlights that the growth in sectors like AI data centers, electric vehicles, and renewable energy will continue to drive silver demand through 2030 [12]. Group 3: Retail Investor Behavior - Retail investors are exhibiting unprecedented demand for silver, leading to supply shortages and high premiums in various markets [4][10]. - The phenomenon of retail buying is not limited to large consumer countries; it is spreading globally, with reports of rapid sell-outs in markets like South Korea and Singapore [10][11]. - Misleading market information has also fueled retail buying, as investors react to perceived shortages and policy changes [10]. Group 4: Supply Constraints - Precious metal refiners are struggling to meet the soaring demand for small-sized silver bars and coins, leading to significant supply constraints [8][9]. - The focus of refiners on larger silver bars has exacerbated the shortage in the retail market, where demand for smaller denominations is highest [9][10]. - The supply chain has been affected by geopolitical tensions and trade policies, further complicating the availability of silver in key markets [7][11].

【华通白银网1月21日】•金价突破4700美元水平，市场涨势仍在持续。 •银价出现回落，金银比已回升至50.00以上。 •铂金价格测试2400美元水平。 白银 金银比重新攀升至重要心理水平50.00之上，白银价格出现回落。 黄金 在格陵兰岛危机影响下，交易员仍保持看涨态度，黄金创下新高。丹麦养老基金抛售美国国债的决定为黄金市场提供了额外的支撑。 相对强弱指标（RSI）已处于超买区域，但短期内仍有很大的上涨空间。 在对贵金属需求不断增长的背景下，铂金试图突破2400美元。 技术格局保持不变，铂金需稳定在2450美元上方，才能在短期内获得额外上涨动能。 截止北京时间09:40，华通现货白银定盘价报22850元。 美国时间1月20日，全球最大白银ETF——iShares Silver Trust的白银持仓量为16222.48吨，较前一交易日增加149.42吨。全球最大黄金ETF —SPDR GOLD TRUST的黄金持仓量为1081.66吨，较前一交易日减少4.01吨。 白银网 如果银价跌破91.50美元，则将会向近期低点87.00美元附近回落。 铂金 ...

02 香港黄金交易所权威榜：五家优质平台大赏 2026-01-21 09:57:06 作者：狼叫兽 随着2026年全球经济格局持续动荡，通胀压力与地缘不确定性交织，黄金作为传统避险资产的热度持续攀升。香港，作为亚洲 金融枢纽与全球黄金交易的重要中心，凭借其高度开放的市场、与国际接轨的监管体系以及成熟的金融基础设施，成为全球投 资者布局现货黄金的首选地之一。对于刚踏入贵金属投资领域的新手来说，如何选择一个安全、正规且服务优质的交易平台至 关重要。本文将基于香港黄金交易所（HKGX）的监管背景，为您介绍五家优质现货黄金交易平台。 01 香港黄金交易所：黄金交易的"安全密码" 香港黄金交易所（HKGX）作为香港唯一的现货黄金及白银交易所，于2025年1月1日全面接替拥有百余年历史的香港金银业贸 易场的所有业务，是亚太地区最具权威性的黄金交易所。交易所实行严格的会员分级管理制度，所有行员均须接受持续的合规 审查与资金监管，为投资者的交易筑起一道坚实的安全防线。 N0.1 领峰贵金属 领峰贵金属自2011年成立以来，始终专注于现货黄金/白银等贵金属电子交易服务，是香港黄金交易所AA类145号行员。十多年 以来，平台始终 ...

Price Performance - The latest prices of London Gold, London Silver, London Platinum, London Palladium, WTI Crude Oil, and LME Copper are 4666.85, 93.01, 2368.00, 1813.00, 60.36, and 12928.50 respectively, with changes of 0.00, 0.00, 67.00, 58.00, 0.00, and 37.00 [1] - The latest values of the US Dollar Index, Euro to US Dollar, British Pound to US Dollar, US Dollar to Japanese Yen, and US 10 - year TIPS are 98.54, 1.17, 1.34, 158.14, and 1.91 respectively, with changes of - 0.50, 0.01, 0.00, 0.01, and 0.00 [1] Trading Data - The latest COMEX silver inventory, SHFE silver inventory, gold ETF holdings, silver ETF holdings, SGE silver inventory, SGE gold deferred - fee payment direction, and SGE silver deferred - fee payment direction are 13264.90, 618.58, 1081.66, 16222.48, 773.63, 1, and 2 respectively, with changes of 0.00, 0.82, 0.00, 0.00, 0.00, 0.00, and 0.00 [1]

贵金属日报 2026-01-21 钟俊轩 贵金属研究员 从业资格号：F03112694 交易咨询号：Z0022090 电话：0755-23375141 邮箱： zhongjunxuan@wkqh.cn 【行情资讯】 沪金涨 1.98 %，报 1074.20 元/克，沪银跌 0.56 %，报 23027.00 元/千克；COMEX 金报 4769.10 美元/盎司，COMEX银报94.46 美元/盎司；美国10年期国债收益率报4.3%，美元指数报98.55 ； 昨日，波兰央行宣布了 150 吨的黄金购买计划，意在令其黄金总储备量上升至 700 吨。显示了 主权国家对于美元信用的担忧。同时，美国对于格陵兰岛的"接管行动"令欧洲国家与美国的 关系紧张，并有部分报道称欧盟将"抛售美债进行应对"。这显示了特朗普政府无序外交政策 对于美元信用的冲击，显著利好作为美债替代品的黄金。 【策略观点】 从中期来看，美联储后续降息的幅度，尤其是新联储主席在五月份上任以后的宽松幅度将较目 前而言大幅提升，特朗普政府对于鲍威尔的刑事调查以及基于宽松货币政策的联储主席任命均 会对联储独立性形成不可逆的影响，且印度白银在一季度仍具备较大的 ...

Group 1: Investment Rating - No relevant information provided Group 2: Core Views - Due to the Greenland issue, Trump threatened to impose tariffs on European super - countries starting from February 1st, and foreign media reported that Europe might counter. The dual uncertainties in geopolitics and trade have increased the market's risk - aversion demand, leading to a sharp rise in precious metal prices. The long - term upward logic of precious metals remains unchanged, and strategies should focus on buying on dips or selling out - of - the - money put options [4] - In the medium to long term, the Fed is in an easing cycle, geopolitical uncertainties will continue, and the US dollar credit risk will increase. The allocation demand of global central banks, institutions, and residents is expected to continue, so the medium - to - long - term price center of gold is likely to move up. Long - term investors are advised to buy on dips [5] Group 3: Summary by Directory 1. Price Tracking of Domestic and Foreign Gold and Silver - On January 19, 2026, London gold spot was $4674.54/ounce, London silver spot was $93.65/ounce, and compared with January 16, the price increases were 1.7% and 3.5% respectively. The prices of other gold and silver products also showed different degrees of increase [3] 2. Spread/Ratio - On January 19, 2026, the gold TD - SHFE active spread was - 2.88 yuan/gram, and the silver TD - SHFE active spread was - 40 yuan/kg. Compared with January 16, the changes were 35.8% and 185.7% respectively [3] 3. Position Data - As of January 16, 2026, the gold ETF - SPDR was 1085.67 tons, and the silver ETF - SLV was 16073.05851 tons. The non - commercial long positions of COMEX gold and silver also had different changes compared with January 15 [3] 4. Inventory Data - On January 19, 2026, the SHFE gold inventory was 99990.00 kg, and the SHFE silver inventory was 617760.00 kg, showing a decline compared with January 16 [3] 5. Interest Rate/Exchange Rate/Stock Market - On January 19, 2026, the US dollar/yuan central parity rate was 7.01, the US dollar index was 99.37, and other indicators also had slight changes compared with the previous period [3] 6. Market Review - On January 19, the main contract of Shanghai gold futures rose 1.54% to 1048.88 yuan/gram, and the main contract of Shanghai silver futures rose 2.75% to 20189 yuan/kg [3]

现货黄金开户的成本问题，是许多潜在投资者最关心的首要问题。以往，黄金投资常被视作高净值人群的专属，动辄需要数千甚至上万美元的启动资金。 如今行业已发生根本性变革。以香港正规持牌平台为例，金荣贵金属等平台已推出70美元的超低入金标准。 在全球地缘波动与经济不确定性交织的背景下，现货黄金凭借其避险属性与高流动性，持续吸引着新一代投资者。与传统认知不同，如今开启黄金投资之旅 不再需要数万元资金储备。 以香港持牌平台金荣中国为代表的服务商，已将标准账户入金门槛降至70美元（约合人民币510元），工薪族、学生党也能轻松迈入黄金市场。 1、开户资金门槛：低门槛时代的普惠投资 这一变化使普通投资者能以小额资金试水市场。70美元门槛意味着，投资者实际可用资金可能更高——首次入金≥70美元通常可获最高20美元赠金，使实际 可用资金达到90美元。 这种低门槛策略结合了灵活的杠杆比例，使70美元可撬动最高3500美元的交易规模，同时支持0.01手（约1盎司黄金）起步交易。 2、平台选择与安全：持牌平台的核心优势 选择正规可靠的交易平台是开户过程中至关重要的一环，这直接关系到资金安全与交易体验。在贵金属交易领域，平台监管资质是投资者 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - On January 16, the price trends of platinum and palladium first rose and then fell, with the final trends diverging. The PT2606 contract closed up 0.6% at 610.05 yuan/gram, while the PD2606 contract closed down 1.72% at 469.35 yuan/gram. Macro - level factors such as the cooling of the Iranian geopolitical situation and changes in the front - runner for the Fed Chair dampened market expectations of interest rate cuts, weakening the macro - driving factors and putting pressure on the precious metals market, including platinum and palladium. Fundamentally, Trump's decision to temporarily suspend import tariffs on key minerals and seek agreement negotiations alleviated the tariff risks for platinum and palladium. In the future, if the tariff risk decreases, platinum and palladium inventories may flow from the US to non - US regions, easing the tight spot situation and suppressing platinum and palladium prices in the short term. In the short term, it is advisable to allocate platinum on dips or adopt a [long platinum, short palladium] arbitrage strategy [6]. 3. Summary by Relevant Catalogs Domestic Prices - Platinum futures main contract closing price was 610.05 yuan/gram, up 0.16% from the previous value; spot platinum (99.95%) was 603 yuan/gram, up 1.86%; the basis (spot - futures) was - 7.05 yuan/gram, down 58.65%. Palladium futures main contract closing price was 469.35 yuan/gram, down 1.93%; spot palladium (99.95%) was 448.5 yuan/gram, down 1.75%; the basis (spot - futures) was - 20.85 yuan/gram, down 5.66% [4]. International Prices - London spot platinum was 2338.8 dollars/ounce, up 0.07%; London spot palladium was 1747.624 dollars/ounce, down 3.20%. NYMEX platinum was 2336 dollars/ounce, up 0.24%; NYMEX palladium was 1795 dollars/ounce, down 1.72% [4]. Internal - External 15 - point Spreads - The dollar/yuan central parity rate was 7.0078, up 0.02%. The spread of domestic platinum - London platinum was 14.60 yuan/gram, up 3.17%; the spread of domestic platinum - NYMEX platinum was 15.31 yuan/gram, down 3.28%. The spread of domestic palladium - London palladium was 19.05 yuan/gram, up 28.17%; the spread of domestic palladium - NYMEX palladium was 12.35 yuan/gram, down 9.68% [4][5]. Ratios - The ratio of Guangzhou Futures Exchange platinum to palladium was 1.2726, with a change of 0.0272. The ratio of London spot platinum to palladium was 1.3383, with a change of 0.0438 [5]. Inventories - NYMEX platinum inventory was 634,522 troy ounces, up 1.63%; NYMEX palladium inventory was 210,908 troy ounces, unchanged [5]. Positions - NYMEX total platinum position was 78,337, down 0.90%; non - commercial net long position of platinum was 17,594, down 2.85%. NYMEX total palladium position was 19,483, up 0.69%; non - commercial net long position of palladium was 579, up 111.57% [5].

Core Viewpoint - The article discusses the impact of the recent US-Europe tariff war on gold and silver prices, highlighting the geopolitical tensions and their potential effects on market dynamics [1][3]. Group 1: Tariff War and Geopolitical Tensions - The US has announced tariffs on eight European countries, escalating trade tensions and leading to a retaliatory response from Europe [1][3]. - The geopolitical situation is expected to significantly influence gold and silver prices, with historical data showing that previous tariff actions led to substantial price increases [3][5]. - The ongoing conflict over Greenland symbolizes broader territorial and resource disputes, which could further destabilize European unity and the Eurozone [5]. Group 2: Market Predictions and Technical Analysis - Gold prices are projected to rise, with expectations of reaching $4,700 and potentially $5,000 before the Lunar New Year, while silver may hit the $100 mark [5][10]. - Current market conditions indicate a bullish trend for both gold and silver, with key support levels identified for trading strategies [7][9]. - The article emphasizes the importance of monitoring geopolitical developments and Federal Reserve actions, as these factors will heavily influence market movements [7][9]. Group 3: Long-term Outlook - The long-term outlook for gold suggests a bullish trend, with targets set at $5,200 for a small bull market and up to $6,200 for a super bull market [10]. - Silver is expected to maintain a strong position, with targets of $100 to $120, reflecting a solid market sentiment [10].