Core Viewpoint - The article discusses how ordinary individuals can engage in gold trading, emphasizing the importance of selecting a reliable trading platform and providing insights into the processes involved in trading gold through electronic platforms. Group 1: Understanding Gold Trading - Gold trading involves buying and selling gold contracts to capitalize on price fluctuations, primarily using standardized products like London gold and silver [3] - The entry barrier for gold trading is relatively low, but it requires knowledge of market trends, trading rules, and risk management [3] - Gold trading can be conducted through platforms that support MT4 or MT5, which provide real-time quotes and order execution [3] Group 2: Choosing a Reliable Trading Platform - The choice of trading platform significantly impacts the safety and efficiency of transactions, with 金盛贵金属 being a recognized electronic trader in Hong Kong [4] - The platform offers features such as transaction codes for trades over 0.1 lots, ensuring traceability and transparency [4] - 金盛贵金属 utilizes advanced MT4 and MT5 systems, allowing for 24/7 trading across major global markets [4] Group 3: Account Opening and Trading Process - The initial step in gold trading is to open an account, which is designed to be simple and quick for ordinary users [5] - After account creation, users can deposit and withdraw funds, with deposits being instant and withdrawals processed within 2 hours [5] Group 4: Trading Advantages of 金盛贵金属 - 金盛贵金属 offers several advantages for traders, including a spread of $50 per lot for London gold and $200 per lot for London silver, with no commission fees [7] - The margin requirement is set at 2% of the contract value, ensuring transparency in trading [7] - The platform supports flexible lot sizes from 0.01 to 20 lots, with efficient order execution and risk management features [8] Group 5: Trading Rules and Risk Management - Understanding the specific rules of London gold and silver trading is crucial for participants [11] - The platform enforces a forced liquidation threshold of 20% during trading hours, ensuring effective risk control [11] - Investors are encouraged to familiarize themselves with overnight interest and price fluctuation parameters to develop appropriate trading strategies [12] Group 6: Security Measures and Fund Management - 金盛贵金属 implements various security measures to protect funds, including segregating client funds from operational funds [14] - The platform employs SSL encryption and multiple firewalls to safeguard against cyber threats [14] - Regular audits by external auditors are conducted to ensure financial integrity and compliance [14]

Core Insights - The demand for precious metals, particularly gold and silver, is increasing as investors seek safe-haven assets amid global economic uncertainty and rising inflation [1] Group 1: Importance of Choosing a Precious Metals Trading Platform - The potential for high returns in precious metals investment makes the choice of a trading platform critical for success [2] - A suitable platform should have regulatory qualifications and security measures to protect investor funds [2] - Transparency in trading costs is essential, as hidden fees can significantly impact investment returns [3] - Platform stability and technical support are crucial for executing trades quickly, especially during market volatility [4] - Customer service and educational resources are important for assisting investors, particularly beginners [5] Group 2: Top Five Precious Metals Trading Platforms - **No.1: Huangyu Precious Metals** - Regulated by the Hong Kong Gold Exchange, ensuring investor fund safety [7] - Utilizes advanced MT4 trading system for fast order execution and risk management tools [7] - Offers personalized investment advisory services and educational resources [7] - **No.2: Lingfeng Precious Metals** - Regulated by the Hong Kong Gold Exchange, ensuring transparency and security [8] - Features low latency and high execution efficiency, suitable for high-frequency traders [9] - Provides comprehensive market analysis and 24/7 customer support [10] - **No.3: FXCM** - A globally recognized trading firm with competitive floating spreads and transparent order execution [11] - High platform stability and strong backend support, ideal for intermediate investors [11] - **No.4: ATFX** - Targets Asian users with low spreads and 24/7 Chinese customer support [12] - Compatible with MT4 and various technical analysis tools, suitable for intermediate traders [12] - **No.5: OANDA** - Known for high transparency and stability, with multiple regulatory licenses [13] - Offers comprehensive trading software catering to both beginners and experienced traders [13] Group 3: How to Choose the Right Precious Metals Platform - Investors should define their investment goals and risk tolerance before selecting a platform [14] - Prioritizing platforms regulated by international authorities, especially those with Hong Kong Gold Exchange qualifications, is essential for ensuring legality and fund safety [15] - Comparing trading fees and service quality is crucial, as some platforms may have hidden costs despite low spreads [16] - Testing platform stability through demo accounts can help verify order execution speed and reliability under extreme market conditions [17]

Core Insights - Tether is hiring two top global precious metals traders from HSBC to build a substantial gold reserve and challenge existing market leaders [1][2] - Tether has accumulated one of the largest gold reserves globally, valued at over $12 billion as of September, and is a significant player in the gold market [2] - The rise in gold prices this year has benefited Tether, driven by central bank purchases and concerns over sovereign debt [3] Group 1: Company Developments - Tether plans to expand its gold reserves significantly, leveraging its financial strength and aiming to become a major competitor in the gold market [1] - The company has reported an average weekly increase of over 1 ton of gold over the past year, making it one of the largest gold buyers [2] - Tether's flagship stablecoin, USDT, is backed by a reserve that includes gold and U.S. Treasury securities, with a market capitalization of approximately $20 billion for its gold-backed stablecoin, XAUT [2] Group 2: Market Context - The departure of key traders from HSBC represents a setback for the bank's precious metals business amid increasing competition for talent in the sector [2] - Gold prices have seen their best annual performance since 1979, prompting various financial entities to expand their precious metals teams [2] - Tether's profitability has surged, with $13 billion in earnings last year and an expected $15 billion this year, comparable to top Wall Street investment banks [2]

Core Insights - Tether is hiring two top global precious metals traders from HSBC to build a significant gold reserve and challenge existing market leaders [1] - Tether has accumulated one of the largest gold reserves globally, which is part of its over $180 billion in reserve assets [1][2] - The company has become one of the largest buyers of gold in the market, with its latest report indicating over $12 billion in gold holdings as of September [2] Group 1 - Tether's flagship stablecoin, USDT, is backed by various reserve assets, including gold and U.S. Treasury securities, with a 1:1 exchange rate to the dollar [2] - The company reported a profit of $13 billion from its reserve assets last year and expects to earn around $15 billion this year [2] - Tether's growth is attributed to the rising gold prices driven by central bank purchases and concerns over sovereign debt and currency devaluation [3] Group 2 - The departure of the two traders from HSBC is a setback for the bank's precious metals business amid increasing competition for talent in the sector [2] - Tether's gold reserve growth has been significant, averaging over 1 ton of gold added weekly over the past year [2] - Tether has also invested in other segments of the gold supply chain, including royalty companies [2]

Group 1: Market Overview - Silver prices experienced a daily increase of 1.60%, reaching $50.72 per ounce, influenced by internal divisions within the Federal Reserve regarding further interest rate cuts [1] - The longest government shutdown in U.S. history lasted 41 days, causing significant economic pressure, yet optimism about a potential resolution has emerged, raising market risk appetite [3] - Despite improved risk sentiment, gold prices continued to rise, driven by lingering economic concerns and expectations of interest rate cuts [3] Group 2: Economic Factors - The Federal Reserve faces challenges balancing inflation pressures and weak employment, with differing views among its members on the need for further rate cuts [1] - U.S. container cargo imports fell by 7.5% year-on-year in October, with a notable 16.3% drop in goods from China, reflecting ongoing trade uncertainties [4] - The U.S. Treasury yield curve is flattening, indicating investor concerns about rising inflation expectations and the potential pause in the Fed's rate-cutting cycle [4] Group 3: Technical Analysis - The silver market is currently in an upward price trend, with a support level identified at approximately $49.36 [8] - The MACD indicator shows a bullish trend, although market activity is decreasing, suggesting cautious trading strategies [8] - Suggested trading strategies include positioning for long trades near the support level and short trades at resistance levels, emphasizing a light trading approach [8]

2025-11-10 11:56:38 作者：狼叫兽 在当今贵金属市场行情波动剧烈的背景下，投资者越来越关注可靠的交易平台。随着全球经济不确定性加剧，贵金属如黄金、白银的需求持续上升，这也推 动了十大贵金属平台的快速发展。根据市场分析，十大贵金属平台在提供多样化投资工具的同时，也注重风险管理和用户体验。其中，十大贵金属平台排行 榜中，一些平台脱颖而出，为投资者带来更多机会。 作为十大贵金属平台中的佼佼者，香港金盛贵金属有限公司备受关注。该公司成立于香港，专注于贵金属交易服务，已成为许多投资者的首选。接下来，我 们将详细探讨十大贵金属平台的代表，包括香港金盛贵金属有限公司及其它平台，帮助您更好地理解市场格局。 香港金盛贵金属有限公司是十大贵金属平台中的领先者之一，成立于2008年，总部位于香港金融中心。该公司以专业贵金属交易服务闻名，在十大贵金属平 台排行中稳居前列，提供全面的投资解决方案。作为十大贵金属平台的核心成员，它致力于为全球投资者打造安全高效的交易环境。 核心优势：严格监管合规（香港黄金交易所认可，确保资金安全）；低点差交易、实时行情分析、24小时客服支持；先进技术平台，支持移动交易，便于把 握机遇； ...

Core Insights - The XAUBTC trading pair, which combines the safe-haven attributes of gold and the high volatility of Bitcoin, has become a popular target for high-frequency trading due to its unique volatility and high liquidity [1][2] - The THPX signal source utilizes an advanced quantitative AI model to provide traders with an efficient and scientific high-frequency trading strategy guide for XAUBTC, emphasizing its advantages in risk control, signal capture, and automated execution [1][4] Group 1: Challenges and Opportunities in XAUBTC Trading - XAUBTC trading captures significant arbitrage opportunities due to the intersection of gold's stability and Bitcoin's volatility, influenced by geopolitical factors and market sentiment [2] - Manual monitoring is insufficient for capturing fleeting opportunities, while high-frequency trading can analyze historical prices and market data in milliseconds to identify temporary price discrepancies [2] Group 2: THPX Signal Source AI Architecture - The THPX model operates through a three-layer intelligent mechanism, including a dynamic feature engine for real-time data cleaning, a multi-cycle resonance strategy for trend and breakout signals, and an adaptive risk control module that adjusts positions based on market volatility [4] - A case study during the March 2023 U.S. banking crisis demonstrated the model's effectiveness, capturing abnormal buying in CME gold futures and executing three hedge trades within 15 seconds, yielding a profit of 0.8% per trade [4] Group 3: Key Operational Optimizations - Investors using the THPX signal source should focus on local parameter calibration, hardware and network deployment to minimize latency, and dynamic profit-taking strategies to enhance annual returns [6] - Dynamic profit-taking strategies have shown an 11% increase in annualized returns compared to fixed strategies [6] Group 4: Risk Management Mechanisms - The THPX system incorporates a three-tiered risk control mechanism, including mandatory trading pauses after a 2% daily drawdown, halting new positions before extreme events, and cross-market arbitrage verification to mitigate risks [9] - These mechanisms have successfully limited the maximum consecutive loss to 7% of total capital during the 2022-2023 period [9] Group 5: Future Outlook - The THPX signal source's quantitative AI model offers a comprehensive solution for XAUBTC high-frequency trading, integrating rapid market analysis, multi-dimensional risk hedging, and adaptive execution strategies into an automated system [9] - As cross-market linkages increase, such AI trading systems that blend macro factors with micro structures are expected to become essential tools for stable profitability in the digital asset sector [9]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. Core Viewpoints - On November 6th, the main contract of Shanghai gold futures closed up 0.79% to 917.8 yuan/gram, and the main contract of Shanghai silver futures closed up 1.99% to 11,427 yuan/kilogram [3]. - The public court debate of the US Supreme Court, where judges generally questioned the legality of tariffs, increased market uncertainty. Coupled with the alleviation of the impact of the tight dollar liquidity, it boosted the recovery of precious metal prices. However, the US economic data is stable, and the strong performance of the service - sector PMI in October highlights the resilience of the US economy, which still poses a certain impact on the December interest - rate cut expectation. Therefore, precious metal prices may remain volatile in the short term, with limited upside space, and are expected to gradually stabilize and maintain range - bound fluctuations. It is recommended to focus on long - term allocation by buying on dips [3]. - In the medium - to - long - term, the Fed is still in an interest - rate cut cycle. Global geopolitical uncertainty persists, the US debt is unsustainable, and great - power competition intensifies, which will long - term increase the credit risk of the US dollar. Global central banks' gold purchases continue, so the medium - to - long - term center of gold prices is likely to continue to rise. It is recommended that long - term investors allocate on dips [3]. 3. Summary by Relevant Catalogs Price Tracking of Internal and External Markets of Gold and Silver - On November 6th, 2025, the prices of London gold spot, London silver spot, COMEX gold, COMEX silver, AU2512, AG2512, AU (T + D), and AG (T + D) were 3,996.53 dollars/ounce, 48.36 dollars/ounce, 4,005.80 dollars/ounce, 48.20 dollars/ounce, 917.80 yuan/gram, 11,427 yuan/kilogram, 915.50 yuan/gram, and 11,408 yuan/kilogram respectively. Compared with November 5th, their respective increases were 0.8%, 1.4%, 0.8%, 1.6%, 0.6%, 1.3%, 0.6%, and 1.3% [3]. Spread/Ratio Price Tracking - On November 6th, 2025, the gold TD - SHFE active price spread was - 2.3 yuan/gram, the silver TD - SHFE active spread was - 19 yuan/kilogram, the gold internal - external (TD - London) spread was 4.95 yuan/gram, the silver internal - external (TD - London) spread was - 922 yuan/kilogram, the SHFE gold - silver main contract ratio was 80.32, the COMEX gold - silver main contract ratio was 83.11, AU2602 - 2512 was 2.90 yuan/gram, and AG2602 - 2512 was 25 yuan/kilogram. Compared with November 5th, their respective changes were - 13.5%, 18.8%, - 8.0%, 1.6%, - 0.7%, - 0.9%, 3.6%, and 4.2% [3]. Position Data - As of November 5th, 2025, the gold ETF - SPDR was 1,038.63 tons, the silver ETF - SLV was 15,150.70957 tons, the non - commercial long positions of COMEX gold were 332,808 contracts, the non - commercial short positions were 66,059 contracts, the non - commercial net long positions were 266,749 contracts, the non - commercial long positions of COMEX silver were 72,318 contracts, the non - commercial short positions were 20,042 contracts, and the non - commercial net long positions were 52,276 contracts. Compared with November 4th, their respective changes were 0.00%, - 0.11%, 1.85%, 9.43%, 0.13%, 0.97%, - 0.21%, and 1.43% [3]. Inventory Data - On November 6th, 2025, the SHFE gold inventory was 87,816 kilograms, and the SHFE silver inventory was 639,940 kilograms. On November 5th, the COMEX gold inventory was 37,881,682 troy ounces, and the COMEX silver inventory was 481,457,974 troy ounces. Compared with the previous day, the changes in SHFE gold, SHFE silver, COMEX gold, and COMEX silver inventories were 0.00%, - 2.47%, 0.00%, and - 0.19% respectively [3]. Interest Rate/Exchange Rate/Stock Market - On November 6th, 2025, the US dollar/Chinese yuan central parity rate was 7.09. On November 5th, the US dollar index was 100.16, the 2 - year US Treasury yield was 3.63%, the 10 - year US Treasury yield was 4.17%, the VIX was 18.01, the S&P 500 was 6,796.29, and the NYWEX crude oil was 59.64. Compared with the previous day, their respective changes were - 0.05%, - 0.05%, 1.40%, 1.71%, - 5.21%, 0.37%, and - 1.31% [3].

Group 1 - The global largest gold ETF held 1,038.63 tons as of November 4, with a reduction of 3.15 tons from the previous day and a net increase of 26.32 tons from the previous month [1] - The U.S. Supreme Court is debating a tariff case, with conservative Chief Justice questioning its reasonableness, leading to a decreased probability of a Trump victory [2] - The U.S. government shutdown lasted 36 days, impacting the stock market, airline industry, and food assistance programs, but Trump still anticipates new highs in the stock market [2] Group 2 - Economic data shows that U.S. ADP employment increased by 42,000 in October, exceeding expectations, but labor demand is slowing and wage growth is stagnant [2] - The service sector activity in October expanded at the fastest pace in eight months, surpassing economists' predictions [2] - The U.S. Treasury maintained its quarterly refinancing scale but hinted at potential increases in the future, leading to a rise in the 10-year Treasury yield [2] Group 3 - Gold prices are currently operating below the middle band of the Bollinger Bands, with a bearish crossover in the KD indicator [4] - The strategy for gold trading today suggests buying on dips between 3,965.9 and 3,971.9, with a stop loss at 3,960.9 and a target range of 3,975.9 to 3,981.9 [4] - Silver prices are also below the middle band of the Bollinger Bands, with a similar bearish crossover in the KD indicator, recommending selling on highs between 48.21 and 48.71 [4]

Group 1 - Spot gold has accelerated its decline, breaking below $3,940 per ounce, with a daily drop of 1.63% [2] - Spot silver has also decreased by over 2%, currently reported at $47.016 per ounce [2] - Futures for precious metals have seen a short-term drop, with Shanghai gold down 1.57% at 904.74 yuan per gram, and Shanghai silver down over 2% at 11,113 yuan per kilogram [4] Group 2 - The Ministry of Finance and the State Taxation Administration have clarified tax policies related to gold, announcing on November 1 that from now until the end of 2027, transactions of standard gold through the Shanghai Gold Exchange and Shanghai Futures Exchange will be exempt from value-added tax (VAT) [5][6] - The policy distinguishes between investment and non-investment uses of standard gold, applying different VAT rules accordingly, which is seen as an improvement to existing market policies [6] - Experts believe this policy will enhance the international competitiveness and pricing power of China's gold market, contributing to the construction of Shanghai as an international financial center [6]