免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 截至2026年1月5日，全球最大的黄金ETF——SPDR Gold Trust持仓量为1065.13吨，较前一个交易日持 平。 ...

免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 截至12月29日，全球最大的黄金ETF——SPDR Gold Trust的黄金持仓量为1071.99吨，较前一交易日增 加0.86吨。 ...

ETF资金流向同样至关重要。全球最大的贵金属ETF，由State Street Corp.管理的SPDR Gold Trust，其黄 金持仓今年以来增长已超过20%，成为本轮金价再创新高的重要推手。 白银的涨势甚至更为猛烈。市场在10月经历历史性"逼空"后，主要交易中心的供应错配问题仍未完全缓 解，叠加投机资金持续流入，推动银价加速上行。伦敦金库自10月以来吸引大量白银流入，但全球可迅 速交割的白银库存仍高度集中在纽约，交易员正密切关注美国商务部对关键矿产进口是否构成国家安全 风险的调查结果，该审查可能为关税或贸易限制铺路。 现货黄金一度上涨1.6%，站上每盎司4,540美元上方；现货白银连续第五个交易日走高，大涨超10%， 突破每盎司79美元关口。铂金同样表现抢眼，价格首次突破每盎司2,400美元，为自1987年有统计数据 以来的新高。 分析人士指出，避险需求是推动本轮上涨的重要动力。 Sky Links Capital Group首席执行官Daniel Takieddine表示，地缘紧张局势持续强化了黄金和白银等避险 资产的吸引力，而年末流动性偏低则进一步放大了价格波动。 与此同时，美元走弱也为贵金属提供 ...

Group 1: Market Performance - Precious metals have experienced a historic rally at the end of the year, driven by escalating geopolitical tensions, a weakening dollar, and low market liquidity [1][3] - Gold prices surged to over $4,540 per ounce, while silver rose more than 10% to surpass $79 per ounce, and platinum reached a record high of over $2,400 per ounce [1][3] - Year-to-date, gold has increased by approximately 70%, and silver has risen over 150%, both on track for their best annual performance since 1979 [3][4] Group 2: Driving Factors - Increased demand for safe-haven assets, particularly gold and silver, has been a significant driver of the recent price increases due to geopolitical uncertainties, including U.S. actions against Venezuela and military operations against ISIS [3][4] - The weakening of the U.S. dollar, which fell 0.7% this week, has also supported precious metals, as their prices are typically inversely related to the dollar's strength [3][4] - Central bank purchases, inflows into exchange-traded funds (ETFs), and the Federal Reserve's interest rate cuts have contributed to the bullish trend in precious metals [3][4] Group 3: Supply and Demand Dynamics - The global largest precious metal ETF, SPDR Gold Trust, has seen its gold holdings increase by over 20% this year, significantly influencing the recent price highs [4] - Silver's price surge is attributed to a supply mismatch following a historic short squeeze in October, with ongoing speculative inflows exacerbating the situation [4][5] - Platinum has seen a price increase of over 40% this month, driven by strong physical demand and a projected global supply deficit for the third consecutive year, primarily due to disruptions in South Africa [5]

Group 1 - Precious metals are experiencing a significant surge in prices, driven by geopolitical risks, ongoing global supply shortages, and strong investment demand, with gold prices surpassing $4500 per ounce for the first time in history [1] - The recent strength in gold prices is attributed to expectations of interest rate cuts in December, higher-than-expected unemployment rates, and lower-than-expected CPI, which have increased the likelihood of rate cuts in January [1] - Central banks' continued large-scale purchases of gold provide a solid foundation for the current bull market, with global gold ETF holdings increasing every month this year, except for May, and the largest gold ETF (SPDR Gold Trust) seeing its holdings grow by over 20% this year [1] Group 2 - The silver LOF (Listed Open-Ended Fund) has seen a surge, with a price increase leading to a premium close to 70%, attracting market attention for arbitrage opportunities [2] - Investors can take advantage of the price difference between the LOF's market price and its net asset value by purchasing at net value and selling at the higher market price, although this strategy carries inherent risks [2] - The high premium and price increase have led to a spillover effect, causing multiple commodity LOF products to hit their price limits, indicating strong market interest [2]

全球最大 黄金ETF--SPDR Gold Trust持仓较上日增加3.71吨，当前持仓量为1068.27吨。 ...

美国总统特朗普重塑全球贸易格局的激进举措，以及他对美联储独立性的威胁，助长了今年早些时候的 黄金牛市。 "当前推动金银价格上涨的主要因素，是持续的实物需求叠加对宏观风险的敏感度回升，" Guardian Vaults的业务发展经理John Feeney表示。"我们看到的是动能持续增强而非受限，这表明市场存在本质上 的信心而非纯粹的投机泡沫。" 金价在一度突破每盎司4500美元大关再创新高后微跌。铂金下跌逾6%，同样从隔夜触及的历史高位回 落。 临近年底，部分交易员在贵金属市场经历一轮猛烈上涨后开始获利了结。即便如此，金价今年以来仍上 涨近70%，铂金价格则翻了一倍多。 技术指标支持了抛售行为。周三，黄金的14日相对强弱指数处于超买区间，预示着金价可能即将横盘整 理或出现回调。 金价近期上涨部分源于美国与委内瑞拉的紧张局势升级增强了黄金作为避险资产的吸引力。交易员们也 押注美联储在连续三次会议降息后，明年将再度降低借贷成本，这会对不产生收益的贵金属构成利好。 黄金和白银均有望创下1979年以来最佳年度表现。贵金属价格走高主要得益于央行买盘增加以及交易所 交易基金（ETF）持续吸金。世界黄金协会的数据显示，今年除 ...

Gold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight. Some traders are starting to take profits as the year draws to a close after a ferocious run in the precious-metals markets that still leaves gold up almost 70% in 2025. Platinum has more than doubled. Most Read from Bloomberg Technical indicators supported the selling. Gold’s 14-day relative ...

贵金属还在加速狂飙。 在地缘政治风险影响、全球供应持续短缺以及强劲投资需求的共同推动下，黄金、白银和铂金价格再一次冲上历史新高。 现货黄金价格有史以来首次突破每盎司4500美元，今年以来已累计上涨超过三分之二，有望创下自1979年以来的最佳年度表现。 铂金价格也飙升至每盎司2300美元上方的历史最高点。这一金属价格已连续10个交易日上涨，创下2017年以来最长连涨纪录，今年以来的累计涨幅更是超 过150%，有望创下彭博自1987年有数据记录以来的最佳年度表现。 而这轮波澜壮阔的涨势正迅速传导至全球市场。国内商品期货市场开盘后，铂期货主力合约触及涨停，沪银、钯金期货涨幅均超过6%。 现货白银同样涨势如虹，突破70美元关口后，涨势仍在强势延续。 | 名称 | 肌价 | 涨跌 | 涨跌幅 ▼ | 日増仓 | | --- | --- | --- | --- | --- | | 铂2606 | 657.65 | 43.00 | 7.00% | +591 | | 沪银2602 | 17357 | 1070 | 6.57% | +20254 | | 钟2606 | 574.55 | 33.90 | 6.27% | +251 ...

贵金属还在加速狂飙。 在地缘政治风险影响、全球供应持续短缺以及强劲投资需求的共同推动下，黄金、白银和铂金价格再一次冲上历史新高。 现货黄金价格 有史以来首次突破每盎司4500美元，今年以来已累计上涨超过三分之二，有望创下自1979年以来的最佳年度表现。 铂金价格也飙升至每盎司2300美元上方的历史最高点。这一金属价格 已连续10个交易日上涨，创下2017年以来最长连涨纪录，今年以来的累计涨幅更是超过 150%，有望创下彭博自1987年有数据记录以来的最佳年度表现。 黄金今年的强劲表现，是多种因素共同作用的结果。除了地缘政治风险这一直接催化剂，更深层次的驱动力来自于宏观经济和政策层面的变化。 据世界黄金协会数据，各国央行的持续大量买入为此轮牛市提供了坚实基础。同时，资金正源源不断地流入黄金ETF，今年除5月外，全球黄金ETF的总持仓量 每个月都在上升。其中，全球最大的贵金属ETF——道富集团旗下的SPDR Gold Trust，其持仓量今年已增长超过五分之一。 分析称，美国总统特朗普今年早些时候旨在重塑全球贸易体系的激进措施，以及他对美联储独立性的挑战，也为金价上涨火上浇油。此外，投资者正积极进行 所谓的"货币 ...