差价合约是复杂的金融交易产品,可带来由杠杆作用而导致迅速亏损的高风险。大部分的零售投资者帐户在跟交易差价合约时录得资金亏损。您应当考虑您是否充分明白差价合约如何运作,以及您是否能承受您的资金损失的高风险。

美元走强加剧贵金属抛售,金价跌破4000美元

周三,由于美元走强以及市场预期美国货币政策收紧,黄金价格自去年11月以来首次跌破每盎司4000美元,引发贵金属全面抛售。

XAUUSD_2026-06-25_11-00-12

XAU/USD – 1年走势图

市场概览

现货黄金(XAU/USD)收跌2.7%,报每盎司3999.21美元,这是自2025年11月7日以来首次收于4000美元以下。美国黄金期货(GC)下跌3.2%,至每盎司4016.40美元。

白银(XAG/USD)下跌6.8%,至每盎司57.43美元,铂金(XPT/USD)下跌4.8%,至每盎司1582.60美元。

美联储与美元施压

此举源于美联储上周的鹰派立场转变。当时更新的预测显示,多位政策制定者预计今年将加息,以应对此前能源价格冲击带来的通胀压力。

由于黄金本身不产生收益,利率上升往往会对黄金构成压力。美元走强也会使以美元计价的黄金对使用其他货币的买家而言更加昂贵。

Britannia Global Markets金属主管 Neil Welsh 表示,金属价格“更多地受到仓位流动的影响,而非基本面因素”。

金属价格普遍下跌

白银跌幅更大,反映出贵金属需求疲软以及其价格受工业市场情绪的影响。交易员表示,关键支撑位失守后,抛售势头加剧。

中东局势

随着霍尔木兹海峡航运活动的改善,油价有所回落,缓解了部分与中东冲突相关的通胀担忧。该水道承载着全球约五分之一的石油和天然气运输量。

Investing.com援引Kpler的数据显示,周二有31艘船舶通过该海峡。预计美伊技术会谈将于下周在瑞士恢复。

展望

市场接下来将关注美国个人消费支出通胀数据、美元走势,以及美伊会谈能否进一步降低能源和金属市场的地缘政治风险溢价。

关于作者

 

Martin Lam 是 ATFX 亚太区首席分析师,在全球外汇及投资市场拥有逾 20 年的经验。他毕业于迪肯大学(Deakin University),主修金融与经济学,并曾在多家领先的外汇经纪公司担任高级管理职位。

最近的新闻
美国关键数据支持加息前景,科技股继续受累于估值忧虑

要点 * 美国第一季度GDP大幅上修至2.1%,5月PCE同比涨幅突破4%,PCE通胀数据公布后,市场仍预计美联储将在7月按兵不动并可能最快在9月加息。 * 今日关注重点:关注美国6月密歇根大学消费者信心指数终值,在高通胀与高利率的双重挤压下,美国消费者信心持续承压,但市场预期本次数据有望反弹重回5

阅读全文
回顾历史牛市中的”大回撤”:黄金跌破4000美元后,剧本会重演吗?

黄金价格经过一轮深度调整后,终究还是在本周跌破了4000美元的心理大关,周三,金价自去年11月以来首次跌破每盎司4000美元大关,白银价格周三下跌近7%,跌破每盎司60美元,创下去年12月以来的新低。不过,周四在美元和美债收益率回落下,黄金重新收复4000美元关口。 过去三年,黄金每年均实现两位数涨

阅读全文
通胀数据冲击加密货币市场,比特币跌破6万美元

周四,美联储首选的通胀指标升至 2023 年以来的最高水平,加剧了加密货币市场的压力,比特币价格跌破6万美元。截至美国东部时间17:53,比特币下跌1.7%,至59,936.45 美元,同时现货比特币 ETF 的资金流出加速。 市场概览 比特币 (BTC/USD) 仍接近 6 月初触及的一年半低点,

阅读全文
美伊和平谈判释放积极,日内聚焦欧美制造业PMI

要点 * 美伊首轮高级别会谈释放积极信号,美国周一宣布对伊朗实施为期60天的制裁豁免,此前双方在一项初步和平协议框架下完成首轮会谈,消息提振市场重回乐观。 * 今日关注重点:今日主要聚焦各国6月制造业、服务业PMI初值,尤其是欧元区、英国和美国数据,预计各国制造业数据都将录得不同程度的放缓。欧元区制

阅读全文
美伊和平谈判释放积极,日内聚焦欧美制造业PMI

要点 * 美伊首轮高级别会谈释放积极信号,美国周一宣布对伊朗实施为期60天的制裁豁免,此前双方在一项初步和平协议框架下完成首轮会谈,消息提振市场重回乐观。 * 今日关注重点:今日主要聚焦各国6月制造业、服务业PMI初值,尤其是欧元区、英国和美国数据,预计各国制造业数据都将录得不同程度的放缓。欧元区制

阅读全文
开启在线交易吧 !
免费使用我们的模拟账户来学习交易。当您准备好后,您可切换到真实账户并开始进行真实交易。
热门新闻
ATFX

ATFX UK 公司 (AT Global Markets (UK) Ltd.) 专注于发展机构业务及专业投资者,并未接受零售客户开户在英国金融行为监理局 (FCA) 牌照下。

申请专业客户请联络 [email protected]

ATFX

Important Notice

We would like to inform you that, in order to ensure full compliance with the regulations of the Brazilian Securities and Exchange Commission (CVM), the opening of new accounts for individuals residing or domiciled in the Federative Republic of Brazil is currently unavailable.

This measure is necessary to complete the final stages of the technological and operational integration process with our local intermediary partner, Levycam CCTVM Ltda. (CNPJ 50.579.044/0001-96), in accordance with the guidelines set forth in CVM Guidance Opinion No. 33/2005.

As a result, it is not possible to proceed with your account opening request at this time. Once the regulatory and operational integration process is completed, the account opening flow will be enabled, and interested parties will be duly informed.

ATFX is not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer intermediation or distribution services for securities issued abroad to investors residing in the Federative Republic of Brazil. Currently, ATFX does not operate nor actively offer intermediation services in Brazil. By accessing this website, investors declare that they are aware of the applicable legal restrictions and agree that they are operating outside the jurisdiction of the CVM. Investments abroad are not covered by the protection mechanisms existing in Brazil, such as the MRP and the FGC. With the objective of enabling future regularized operations, ATFX has entered into a contract for the provision of foreign intermediation services with the Brazilian brokerage firm Levycam CCTVM (CNPJ 50.579.044/0001-96), as provided for in CVM Guidance Opinion No. 33/2005. However, activities related to local intermediation are still in the pre-operational phase (technological and regulatory integration process). If you have any questions regarding the regulation of your trading accounts, please contact us.

ATFX

🌍 Welcome to ATFX!

To provide you with the best trading experience in Iraq, please visit our localized website:

There, you’ll find all products, services, and contact information tailored specifically for you. Thank you for choosing ATFX!

ATFX

Restrictions on Use

Products and Services on this website https://www.atfx.com/en-ae/ are not suitable
in your country. Such information and materials should not be regarded as or
constitute a distribution, an offer, or a solicitation to buy or sell any investments.
Please visit https://www.atfx.com/en/ to proceed.

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en/

ATFX

Restrictions on Use

Please note, you may be accessing this page from outside Australia. Products and Services on https://www.atfx.com/en-au/ may not be suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Restrictions on Use

Products and Services on https://www.atfx.com/en-au/ are not suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Choose another region to see content specific to your location.

ATFX

Restrictions on Use

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/