Fundamental Analysis - The spot silver price has slightly declined, currently around 52.90, with market focus on support levels for long positions [1] - Recent U.S. economic indicators show signs of weakness, with retail sales in September growing only 0.2%, below the expected 0.4%, and a significant drop in consumer confidence index to 88.7 from 95.5 [1][3] - The Producer Price Index (PPI) shows a month-on-month increase of 0.3% in September, with a year-on-year growth of 2.7%, indicating persistent inflationary pressures [1][3] Market Sentiment - The dovish shift from the Federal Reserve has led to an 85% probability of a rate cut in December, with expectations for a 25 basis point reduction [3][4] - Recent comments from Federal Reserve officials, including calls for further rate cuts due to a weakening job market, have bolstered market confidence [3][4] - The bond market reflects strong expectations for a dovish Fed, with a decline in U.S. Treasury yields and a widening yield curve [4] Technical Analysis - The silver market is currently in a consolidation phase, with significant resistance at 54.3-54.4 and support around 45.5 [5][9] - The MACD indicator shows a potential bullish trend, although market momentum appears to be weakening [5][9] - The current trading strategy suggests positioning for long trades near the support level of 52.00, with a stop loss at 51.60 and a target range of 53.50-53.90 [9]

2025-11-26 15:25:57 作者：狼叫兽 还在觉得开贵金属开户很麻烦？你只是缺一份「新手村」任务指南！这份保姆级速通秘籍，包教包会， 轻松搞定开户。 第一步：挑个靠谱平台 ●查资质：看看平台有没有"正经工作"（监管牌照）。比如查询是否持有香港黄金交易所颁发的权威资 质。比如皇御贵金属，就是香港黄金交易所79号AA类行员，具有专业的资质，可作为重点选择参考的 条件。 ●比一比：谁家手续费低、点差小、保证金要求友好，就优先考虑谁，省钱才是硬道理，平台优惠也是 平台竞争力之一。 第二步：准备好你的"身份三件套"（具体要求根据具体平台来准备即可） 在平台官网找到开户入口，把个人信息、联系方式等认真填好。放心，这跟你注册个社交账号差不多简 单。 第四步：等平台"验明正身" 提交资料后，平台会快速审核你所提交的信息，确认准确性。 第五步：给账户"充钱"才能开耍 审核通过后，就可以给你的交易账户存款啦！网银、支付宝、微信，看平台支持哪种，选你方便的来。 操作也十分简单，可以自己在用户中心摸索，也可以找平台客服咨询，24小时客户随时听你"安排"。 第六步：熟悉"作战地图"（交易软件） 钱到账了先别急！花点时间熟悉 ...

3）中长期观点。中长期来看。美联储仍处于降息周期、全球地缘不确定性持续、美国债务不可持续和云国博弈加剧将长期增加美元信用网险，全球央行购金延续 等,黄金中长期重心大概率继续上移,建议长线投资者以逢低做多配置为主。 体拥备中的信息均源于公天可获得的谈外，国资策货力求准确可靠。但不对上述精急的准确性及完整性以任何保证、本者告不构成个人投资建议。也未分对个别数资者接持的货资目标、购多优规或需要，投资 者需自行判随本报告中的任何意见或建议是否符合其特定状况。据此投资。责任章负。本报告仅同能定客户推进、未经国贸繁货领数许可，任何引用、转载以及向第三方传播的行为中应成"国贸联络的景观 声明 我司将视情况追究法律责任。 期市有风险,入市需谨慎。 the Sept 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 贵金属数据日报 | | | | | 国贸期货研究院 | | 投资咨询号: Z0013700 | | | 2025/11/26 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 贵金属与新能源研究中心 白素娜 ...

2025年10月，上海黄金交易所各类合约的成交金额为45,242.49亿元，同比增加11.8%，其中，询价交易成交25,857.97亿元，占比 57.2%。会员自营和代理业务的交易金额分别为40,439.17亿元和4,803.32亿元。 本月国际金价大幅冲高回落，现货黄金（XAU）收于4,002.92美元/盎司，较上月上涨190.7美元，低点和高点分别为3,804.63美元 和4,381.52美元。国际现货白银（XAG）收于48.69美元/盎司，较上月上涨2.47美元，低点和高点分别为45.56美元和54.48美元。 现货铂金（XPT）收于1,574.23美元/盎司，较上月上涨13.37美元，低点和高点分别为1,498.85美元和1,733.53美元。 国内市场，上金所黄金Au99.99合约月初开盘价917.9元/克，最高价1,002.00元/克，最低价894.01元/克，月末收于921.50元/克， 较上月末上涨49.64元/克，月度涨幅5.69%，本月加权均价为943.83元，较上月高113.65元。本月黄金竞价主力合约Au（T+D）共 成交1,172,568千克，占黄金交易量的25.8%，月末持仓247 ...

Core Viewpoint - In the context of increasing global economic uncertainty, gold trading is becoming a popular choice for investors seeking to hedge and allocate their assets. However, the prevalence of unregulated platforms and incidents of fraud necessitates a focus on three key safety standards: legitimate regulatory licenses, fund segregation, and traceable transactions [1]. Group 1: Safety Standards for Gold Trading - The first line of defense is the presence of international regulatory oversight. Platforms licensed by the Hong Kong Gold Exchange or ASIC (Australian Securities and Investments Commission) are considered the gold standard, as they undergo annual audits and can lose their licenses for violations [3]. - The second line of defense involves the actual segregation of client funds. Reputable platforms will store client funds in third-party banks, completely separate from the platform's own funds, ensuring that client money remains safe even if the platform faces operational issues [3]. - The third line of defense is the ability to trace every transaction. Having complete order records and transaction histories provides strong evidence in case of disputes [3]. Group 2: Experience with Licensed Platforms - A practical experience was conducted with several licensed platforms, including Gold盛贵金属, focusing on their performance during extreme market conditions. During periods of significant price fluctuations, such as when gold prices oscillated around $3,200 per ounce, the spreads remained stable with minimal slippage [5]. - The speed of fund withdrawals was also tested, revealing that funds could be transferred to banks within a timeframe of 2 hours to a maximum of 24 hours, with no additional fees incurred during the process [5]. - Risk management tools offered by these platforms were found to be user-friendly, including features like mandatory stop-loss and negative balance protection, making it easier for novice traders to avoid significant losses [6]. Group 3: Verification and Common Pitfalls - To verify the legitimacy of a trading platform, users can check the Hong Kong Gold Exchange or ASIC website by entering the provided license number to confirm its active status [7]. - Common pitfalls to avoid include platforms that claim to be regulated without verifiable licenses, those that require funds to be sent directly to company or personal accounts, excessively high leverage offerings, and customer service representatives promoting guaranteed profit strategies [9]. - New traders should be cautious of common scams, remembering that there are no guaranteed profits in trading, and legitimate platforms will not solicit clients through private messaging or require funds to be sent to personal accounts [10].

【要闻速递】 美联储理事沃勒表示主张在12月降息，认为劳动力市场是主要担忧。旧金山联储主席戴利也支持下月降 息，认为就业市场恶化风险大于通胀飙升风险。据CME"美联储观察":美联储12月降息25个基点的概率 为81%(昨日为69.4%)，维持利率不变的概率为19%。 摘要今日周一（11月24日）亚盘时段，黄金和白银因美元走强而下跌，未受美国降息可能性加大的影 响。随着美元对主要货币的升值，黄金价格下跌，给使用其他货币的买家带来压力。黄金和白银等大宗 商品对其他货币持有者来说变得更加昂贵，从而限制了对这些大宗商品的需求。 今日周一（11月24日）亚盘时段，黄金和白银因美元走强而下跌，未受美国降息可能性加大的影响。随 着美元对主要货币的升值，黄金价格下跌，给使用其他货币的买家带来压力。黄金和白银等大宗商品对 其他货币持有者来说变得更加昂贵，从而限制了对这些大宗商品的需求。 美国白宫发布美乌联合声明，美乌就和平方案在日内瓦举行会谈。但研报指出，俄欧乌三方短期难以达 成28点协议，冲突还将持续。美国对委内瑞拉打击行动迫在睫，新的地缘冲突再起。 美国时间11月24日，全球最大白银ETF——iShares Silver ...

天誉金号在合规与透明度方面优势明显，平台持有正规香港金融监管资质，并建立了严格的账户资金隔离制度，提高资金安全级别。交易系统支持手机与电 脑多终端同步，实时行情更新速度快，特别适合需要把握短线机会的用户。天誉金号在费用结构上也相对亲民，点差与手续费清晰公开，为新手投资者提供 了较为友好的入场环境。 下面 8 家平台从你给定的名单中随机抽取：（抽取结果：嘉信贵金属、富士金业、英伦金业、协联金业、百裕金业、星河金业、亚数金业、帝锋金业） 在全球资金持续寻找避险资产的背景下，伦敦金依旧是投资者关注的核心品种。选择一个合规、稳定、成本透明的伦敦金交易平台，往往比短期行情更重 要。为了帮助投资者做出更稳妥的选择，本篇文章结合监管牌照、系统性能、交易成本、客户服务等维度，对当前市场上的热门平台进行全方位评估，并精 选出 2025 年值得关注的十大伦敦金交易平台名单。 1、天誉国际 天誉国际长期深耕贵金属行业，以严谨的风控架构和稳定的交易技术受到大量投资者青睐。平台采用国际主流的 MT4系统，并设有多重流动性来源，使交 易执行更顺畅。天誉国际在行情波动剧烈时依旧保持低滑点率，适合策略型与短线型投资者。同时，其研究团队定期发 ...

Group 1: Report Overview - Report Name: Precious Metals Data Daily [4] - Date: November 24, 2025 [5] - Research Center: Precious Metals and New Energy Research Center [5] - Analyst: Bai Suna [5] - Investment Consulting Number: Z0013700 [5] - Qualification Number: F3023916 [5] Group 2: Price Tracking Gold and Silver Prices - On November 21, 2025, the prices of London Gold Spot, London Silver Spot, COMEX Gold, COMEX Silver, AU2512, AG2512, AU (T+D), and AG (T+D) were $4030.46/oz, $49.40/oz, $4027.40/oz, $48.94/oz, 924.00 yuan/g, 11696.00 yuan/kg, 921.93 yuan/g, and 11685.00 yuan/kg respectively [5] - Compared with November 20, 2025, the price changes were -0.9%, -3.4%, -1.0%, -3.7%, -0.9%, -2.9%, -0.9%, and -2.9% respectively [5] Price Spreads and Ratios - On November 21, 2025, the gold TD - SHFE active price spread was -2.07 yuan/g, and the silver TD - SHFE active price spread was -11 yuan/kg [5] - The price changes compared with November 20, 2025 were -12.3% and 83.3% respectively [5] Group 3: Position and Inventory Data Position Data - As of November 21, 2025, the holdings of Gold ETF - SPDR and Silver ETF - SLV were 1040.57 tons and 15257.9153 tons respectively [5] - The changes compared with November 20, 2025 were 0.11% and 0.07% respectively [5] Inventory Data - On November 21, 2025, the SHFE gold inventory and SHFE silver inventory were 90426.00 kg and 519271.00 kg respectively [5] - The changes compared with November 20, 2025 were 0.00% and -2.96% respectively [5] Group 4: Interest Rates, Exchange Rates, and Stock Market - On November 21, 2025, the USD/CNY central parity rate was 7.09, the US Dollar Index was 100.15, the 2 - year US Treasury yield was 3.51%, and the 10 - year US Treasury yield was 4.06% [5] - Compared with November 20, 2025, the changes were -0.04%, -0.07%, -1.13%, and -0.98% respectively [5] Group 5: Market Review - On November 21, the main contract of Shanghai gold futures closed down 1.4% to 926.94 yuan/g, and the main contract of Shanghai silver futures closed down 3.7% to 11680 yuan/kg [5] Group 6: Influencing Factors Analysis - The Fed's October meeting minutes revealed internal differences on December rate cuts. The non - release of US October non - farm payrolls and CPI data led to a sharp drop in the probability of a December rate cut, which was negative for precious metal prices. However, Fed officials' remarks on Friday night eased the liquidity tightening risk, and precious metal prices rebounded [6] - Russia's central bank's sale of physical gold reserves under Western sanctions initially pressured gold prices, but the impact on international gold prices may be limited. Most central banks globally still maintain net gold purchases, providing long - term support for gold prices [6] - If progress is made in the Russia - Ukraine peace process, it may temporarily suppress precious metal prices [6] - US economic data shows that the economy has resilience but also faces downward risks [6] - Silver prices follow gold prices, but tight domestic spot supply and falling inventory may limit the downside space [6] Group 7: Strategy Outlook - In the short term, precious metal prices may remain volatile at high levels. It is recommended to buy on dips or sell out - of - the - money options [6] - In the long term, the Fed is in a rate - cut cycle, and factors such as global geopolitical uncertainty, unsustainable US debt, and intensified great - power competition will increase the risk of the US dollar's credit. The long - term trend of gold prices is likely to rise, and long - term investors are advised to buy on dips [6]

一、现货黄金投资的六大优势 1. 双向交易，涨跌都能盈利 2025-11-24 11:55:51 作者：狼叫兽 今年以来，国际金价一路高歌猛进，接连突破每盎司3000、4000美元两大整数关口，最大涨幅超68%。华尔街投行纷纷给出惊人预测，押注金价还将冲向更 高。在这样的市场热潮下，现货黄金投资成为众多投资者关注的焦点。那么为何现货黄金能够吸引如此多的目光？现在还能投吗？新手开户需要做哪些准 备？今天让我们一探究竟。 与传统投资产品不同，现货黄金支持双向交易。这意味着不论金价上涨还是下跌，只要判断正确方向，都有盈利机会。当你看涨行情时，可以入场做多（买 涨）；当看跌行情时，同样可以入场做空（卖跌）。这种灵活的交易机制让投资者在波动的市场中也能游刃有余。 2. T+0交易模式，资金灵活高效 现货黄金采用T+0交易模式，投资者可以随时买卖，前一秒入场最快后一秒即可离场，无需等待。这与股票市场的T+1制度形成鲜明对比，大大提高了资金 使用效率，让投资者能够快速抓住市场机会，规避风险。 3. 杠杆交易，小资金撬动大收益 现货黄金交易采用杠杆机制，允许投资者以较小的资金参与大规模交易。投资者可以用1000美元交易价值1 ...

Core Viewpoint - The article highlights the increasing interest in gold investment among stock investors due to the current economic turbulence and the unique advantages gold offers as a safe-haven asset [1]. Group 1: Advantages of Gold Investment - Gold allows for two-way trading, enabling profits in both rising and falling markets, unlike stocks which only profit in uptrends [2]. - The international gold market operates 24 hours, accommodating the fragmented schedules of working individuals, unlike the fixed trading hours of stock markets [2]. - Gold is a global asset with price transparency influenced by macroeconomic factors, making it less susceptible to manipulation compared to individual stocks, which can be affected by unpredictable events [2]. Group 2: Gold Trading Platforms - Leading gold trading platform, LPM, holds a prestigious AA license from the Hong Kong Gold Exchange and has a strong reputation for compliance and customer satisfaction, offering a stable trading environment and timely market updates [3]. - Another platform, HMY, emphasizes low-cost trading with transparent fees below industry averages, enhancing investor cost efficiency [5]. - Other platforms like EGY and YF provide diverse trading tools and professional market analysis, catering to both novice and experienced investors [6][7]. Group 3: Investment Strategy - Investors are encouraged to start with small amounts and plan their trading funds according to their income, avoiding impulsive decisions to achieve steady asset growth in the gold market [8]. - LPM is currently offering a promotional bonus of up to $10,000 and a rebate on spreads, which can significantly reduce trading costs for investors [8].