市场解读： 1月7日，在全球地缘政治紧张局势急剧升温的背景下，黄金作为传统避险资产的表现异常亮眼。周二， 现货黄金价格延续了前一交易日的涨势，进一步上涨约1%，收盘于4494美元每盎司。周三（1月7日） 亚市早盘，现货黄金高位震荡，截止07：30，一度触及4500.27美元/盎司，这一价格水平已经非常接近 去年12月24日创下的4549.71美元每盎司的历史最高纪录。与此同时，2月交割的美国黄金期货也上涨 1%，收报4496.10美元每盎司。黄金价格的这一波上涨，主要源于投资者对全球不确定性的担忧大幅增 加，特别是周末美国对委内瑞拉的军事行动引发了广泛的避险情绪，推动资金大量流入贵金属市场。 黄金技术分析： 黄金当前长期上涨趋势未发生根本性转变，上方前期高点4550一线尚未形成有效试探，且行情自低位上 行以来，始终未出现具备规模的调整行情，技术结构上尚未构筑明确顶部形态。从趋势延续性来看， 4500关口并非本轮上涨的终点，在顶部信号未确认前，逆势看空或博弈调整均缺乏技术逻辑支撑，多头 节奏仍需持续跟进。 日线级别：本周连阳上涨态势正式启动，多头动能释放充分，当前趋势强度处于高位。若周三延续收阳 格局，价格将直 ...

市场解读： 12月26日，现货黄金价格在圣诞假期前夕的最后一个活跃交易日（12月24日）中收报于约4479.42美元/ 盎司，此前曾在日内触及4525美元的历史新高，美国黄金期货价格收报在4505美元左右。由于圣诞节期 间交易流动性较为稀薄，周三（12月24日）尾盘整体呈现出平静的态势，黄金价格在4450美元至4500美 元区间内徘徊。这种稳定表现被多家市场报告描述为在强劲上涨后的自然盘整阶段，许多交易者选择在 年末锁定部分利润。 然而，这一短暂的喘息并未削弱黄金的整体上涨势头，它反映出市场在消化本年度约70%的涨幅后，正 在为新一年的潜在突破积蓄力量。一旦假期后流动性恢复，黄金仍有潜力开启新一轮上涨。虽然高价位 对珠宝需求造成压力，导致消费下滑，而金条和金币的投资需求则相对稳健，这种投资与消费的分化进 一步凸显了全球黄金市场的结构性转变。 然而，这一短暂的喘息并未削弱黄金的整体上涨势头，它反映出市场在消化本年度约70%的涨幅后，正 在为新一年的潜在突破积蓄力量。一旦假期后流动性恢复，黄金仍有潜力开启新一轮上涨。虽然高价位 对珠宝需求造成压力，导致消费下滑，而金条和金币的投资需求则相对稳健，这种投资与消费的分 ...

Core Insights - The current focus of the market is on the upcoming U.S. non-farm payroll report, which is expected to provide insights into the Federal Reserve's future policy direction [1][2] Group 1: Gold Price Movement - Spot gold prices have decreased by 0.4%, settling at $3545.33 per ounce, while U.S. gold futures fell by 0.9% to $3603.70 [2] - Gold prices previously surged to a historical peak of $3578.50, driven by weak job vacancy indicators that bolstered expectations for a Federal Reserve rate cut [2] - The market is currently pricing in the Fed's rate cut expectations, making the upcoming non-farm payroll report a critical variable for market direction [2] Group 2: Technical Analysis - Since the beginning of the upward trend last year, gold prices have successfully tested the midline support for the fourth time, indicating strong upward momentum [3] - Despite a recent failure to maintain upward momentum, the bullish sentiment remains intact as prices have not fallen below the 5-day moving average [3] - Key support levels for potential re-entry include $3500, $3447, and the 30-week moving average, while upward targets are set at $3700 and $4000 [3]

Group 1 - Gold prices fell to a one-month low as trade tensions between major economies eased, leading to suppressed demand and investors awaiting U.S. economic data for interest rate direction [1][2] - Spot gold decreased by 0.33% to $3167.04 per ounce, reaching its lowest level since April 10, while U.S. gold futures dropped by 0.52% to $3171.3 per ounce [1] - Analysts indicate that the market is in an overbought state, with short positions increasing significantly [1] Group 2 - President Trump’s comments on Iran nearing a nuclear deal further reduced demand for gold [2] - Market focus shifted to the U.S. Producer Price Index (PPI) data, with attention on Federal Reserve Chairman Powell's upcoming speech for clues on interest rate paths [2] - Expectations for a 50 basis point rate cut this year, starting in October, could lead to stronger performance for non-yielding gold [3] Group 3 - Gold has broken below the double top neckline support, indicating potential short-term downside risk, with price expectations moving towards the $3000 - $3050 range [3] - Key chart support at $3190 has been breached, suggesting a continued corrective move in gold prices [3] - Other precious metals also saw declines, with spot silver down 1% to $31.89 per ounce, palladium down 0.2% to $949.07 per ounce, and platinum steady at $976 per ounce [3]

Core Viewpoint - Gold prices have rebounded over 2% due to a weaker dollar and renewed concerns over global trade impacts from President Trump's new tariffs on films [1] Group 1: Market Reactions - Gold prices increased by over 2.3% for spot gold and 2.4% for U.S. gold futures [1] - The U.S. dollar index fell by 0.4%, contributing to the rise in gold prices [1] Group 2: Economic Context - Concerns over a global trade war have been reignited by Trump's announcement of a 100% tariff on films produced outside the U.S. [1] - Analysts suggest that the weaker dollar is favorable for gold, especially after last week's U.S. GDP data came in below expectations [1] - There is growing speculation among investors that the Federal Reserve may lower interest rates more quickly, influenced by the recent decline in oil prices [1]