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
美股回落黄金失守4200美元,日内澳储行加息成焦点

要点 中美各对300亿美元商品降关税,贸易休战再延长两个月,原本应该利好美股市场情绪。 不过,美国股市周一下跌,油价和美国公债收益率上升,投资者权衡结束伊朗战争的和平协议前景所面临的不确定性,黄金因为美元和美债收益率上涨以及市场衡量美联储加息前景而大跌。 今日关注:今日关注澳储行预计加息25个基点至

阅读全文
特朗普称霍尔木兹海峡僵局一旦打破,油价将“暴跌”

油价走势概览 2026年9月28日(周一),布伦特原油价格上涨1.2%,至98.79美元,收复了上周五的跌幅。此前,美国总统唐纳德·特朗普拒绝了伊朗关于重新开放霍尔木兹海峡的最新提议。就在前一天(2026年9月27日,周日),特朗普曾告诉记者,一旦与伊朗的冲突结束——他预计这一天很快就会到来——油价

阅读全文
美伊谈判有望本周重启,市场继续静待潜在波动

要点 周日早些时候,伊朗表示,正在等待美国对其提出的为期七天的重新开放海峡的提议和其他要求的明确回应,并且在特朗普拒绝了德黑兰的最新计划后,伊朗不会软化其条件。 据最新报道,特朗普表示预计本周将重启伊朗问题谈判,市场继续关注其最新变化可能随时影响市场波动。 今日关注:日内继续关注美伊谈判相关消息,数

阅读全文
美股承压, 市场聚焦美国耐用品订单与消费者信心

要点 隔夜美股三大指数受经济数据与地缘局势牵动而呈分化走势; 道指连跌第三天,收盘再下跌161点(-0.31%), 标普跌幅较道指温和,微跌1.9点(-0.02%)。 科技股面临估值整固,亦受强劲商业智能工业需求支撑, 纳指收盘微升3.34点(0.03%)。 美国数据“坚固”推升升息预期,美元指数重

阅读全文
美债息和油价齐升施压美股,市场聚焦中美元首会晤

要点 美国股市周三收低,受累于美国公债收益率和油价攀升以及美联储加息预期继续上升。 美国商业活动在九月连续第四个月加速,衡量企业投入成本的指标跃升至近四年来最高,表明通胀压力不断加剧,市场押注美联储将在10月底连续第二次收紧政策。 今日关注:今日关注中美元首预计将进行会晤,据报道,美国财长表示,中美

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

Products and Services on this website are not suitable for the UK residents. 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

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/