Gold and silver prices rose to record highs in early trading on Monday, spurred on by a confluence of a few different political events and economic factors, including tensions over the U.S. seizing of possibly another oil tanker from Venezuela, speculation of future Federal Reserve rate cuts, overall economy insecurity, and bets on U.S. monetary policy in 2026. In addition, there is the issue of increasing U.S. debt and increasing demands of AI. "The continued strength in gold is part of the so-called 'deba ...

Let's bring in Kevin Green, senior market correspondent, right away to help set up the action today. All right, KG. So, you were paying attention to the flows on Friday.Did it land how you expected. >> Uh, a little bit uh reversed. We actually saw a pretty nice gain to the upside as the market opened and then we consolidated in about a 15 point range pretty much throughout the close here.But I think it does set us up well for this week where we have uh let's say a lack of data to say the least here, especia ...

Bloomberg Gold and silver soared to all-time highs, as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bullion climbed more than 1.5% to surpass the previous record of $4,381 an ounce set in October, while silver rallied as much as 3.4%, closing in on $70 an ounce, extending gains that have put both metals firmly on course for their strongest annual performance since 1979. Most Read from Bloomberg The latest pus ...

贵金属市场整体表现 - 黄金、白银和铜等多种金属价格创下历史新高，市场呈现积极势头 [1] - 贵金属与工业金属的驱动因素各不相同 [1] - 对于整个金属市场而言，今年是表现非常出色的一年 [2] 黄金价格驱动因素与表现 - 黄金价格今年已上涨超过三分之二 [2] - 推动金价上涨的因素包括：市场预期美国明年将降息、所谓的“货币贬值交易”、对央行和美元信任度下降、美元走弱以及持续的地缘政治紧张局势 [2] - 在不确定性高的时期，黄金往往表现突出，且这一趋势短期内不会改变 [5][6] 机构观点与市场情绪 - 许多银行和分析师将黄金列为明年最看好的金属和大宗商品 [3] - 高盛预测金价明年可能达到每盎司4900美元，如果迄今投资较少的私人投资者增加资金投入，价格甚至可能更高 [3] - 在贵金属领域，很难找到对明年市场持悲观态度的人士，市场普遍认为金价有进一步上涨空间 [5] 其他贵金属与市场动态 - 白银、铂金和钯金等其他贵金属今日也大幅上涨 [3] - 这些市场规模相对较小，且在年末流动性较低的时期，基准价格可能出现剧烈波动 [4] - 目前的市场动能可能持续，尤其是在地缘政治非常不确定的时期 [4][5] 资金流向与潜在催化 - 迄今为止，私人投资者投入黄金市场的资金总量并不巨大 [6] - 鉴于市场的种种担忧，若更多资金流入黄金市场，金价可能进一步上涨 [6]

Looking back on 2025, the sound money, or debasement trade, was decisively won by the metals over bitcoin. Gold delivered one of its best years on record, up 65%, while bitcoin so far is down 7%. Until August, the two assets had similar returns, both up roughly 30%. From that point, gold surged while bitcoin rolled over sharply. This divergence reinforced that gold won the debasement trade narrative leaving bitcoin firmly behind. Bitcoin remains in recovery mode after a 36% correction from its October ...

Bitcoin's (BTC) stark rejection at $90,000 on Wednesday was a quick reminder for investors that precious metals like gold and silver are the real winners of the debasement trade, not — at least for the moment — digital gold. Back in October, JPMorgan analysts said that gold and bitcoin were both benefitting and would continue to benefit from the so-called debasement trade. They projected BTC to follow gold's lead, putting a $165,000 BTC price target on a volatility-adjusted basis relative to gold. So fa ...

The party might just be getting started for gold and other precious metals. - Getty Images He’s bullish on something — and less bearish on U.S. stocks than you’d imagine. Albert Edwards, the notoriously bearish global strategist from Societe Generale, is bullish on precious metals and thinks that, far from resembling a classic investment bubble, the party might just be getting started. Most Read from MarketWatch In his weekly strategy note published Wednesday, Edwards is especially focused on gold and ...

黄金价格走势与驱动因素 - 本周黄金价格交易于每盎司4,170美元附近，本周迄今上涨超过2% [1] - 金价已从10月峰值每盎司4,380美元上方回落，但已巩固在每盎司4,000美元关口上方 [3] - 现货黄金在伦敦时间上午11:55报每盎司[原文数据缺失] [5] 宏观经济与货币政策预期 - 市场对美联储下个月降息的押注获得动能，互换合约定价显示12月降息25个基点的可能性为80% [1] - 支持降息前景的数据包括零售销售增长放缓和消费者信心下降 [1] - 一位关键的经济顾问被视为下一任美联储主席的领跑者，预计将带来与总统一致的货币政策方法，这强化了降息前景 [2] 黄金市场表现与需求结构 - 黄金今年迄今已上涨超过55%，有望实现自1979年以来最佳的年度表现 [3] - 上涨动力来自央行购买和强劲的零售需求，背后是所谓的“货币贬值交易”，即投资者避开主权债务和货币 [3] - 第三季度供需数据支持央行持续购买，且最近的回落表明每盎司3,900美元的支撑位将保持稳固 [5] 机构价格预测与观点 - 德意志银行将其2026年黄金均价预测从之前的每盎司4,000美元上调至每盎司4,450美元 [4] - 高盛上个月将其对2025年底的金价预测从每盎司4,300美元上调至每盎司4,900美元，理由包括ETF资金流入和央行购买 [4] - 德意志银行分析师Michael Hsueh指出，积极的结构性前景表现为央行和ETF投资的需求缺乏弹性，分流了珠宝市场的供应 [4] - 高盛的Daan Struyven预计黄金在2026年将上涨近20% [5] 其他贵金属及美元表现 - 白银价格上涨，铂金和钯金也同步走高 [5] - 彭博美元现货指数在周二下跌0.3%后保持稳定 [5]

股市财富增长 - 过去一年中30只顶级人工智能股票的增长为全美家庭财富增加了5万亿美元 [1] - 从2020年第一季度到2025年第二季度美国家庭财富增长超过63万亿美元 [1] 股票所有权结构 - 62%的美国人拥有美国股票但所有权结构呈现两极分化 [3] - 家庭资产超过10万美元的美国家庭股票拥有率高达84% [3] - 家庭收入低于5万美元的美国家庭股票拥有率仅为22% [3] 消费市场分化 - 温迪快餐美国同店销售额下降近5%但其国际业务表现优于美国市场 [7] - 麦当劳通过推出5美元和8美元的超值套餐成功吸引低收入消费者 [8] - 高端品牌Coach正试图吸引Z世代消费者而Cava品牌在争取Z世代方面面临挑战 [8] 不同收入群体经济状况 - 低收入群体的失业率是全国平均失业率的两倍 [5][6] - 低收入群体面临失业率高租金压力以及学生贷款偿还重启的多重挑战 [9] - 高收入群体能够从资本收益和市场波动中获益并持续推动消费支出 [4] 资产持有表现 - 持有股票贵金属或加密货币的投资者在今年获得良好回报 [10] - 在通胀环境下持有资产被视为对抗货币购买力下降的主要方式 [12] - 未能将资金投入市场的投资者实际上相当于做空了市场 [11]

华尔街术语创新 - 华尔街擅长创造流行术语 [1] - 最新的流行术语是“贬值交易” [1]