{"id":3498,"date":"2025-12-31T14:37:24","date_gmt":"2025-12-31T03:37:24","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3498"},"modified":"2025-12-31T14:37:26","modified_gmt":"2025-12-31T03:37:26","slug":"amillex-daily-market-commentary-market-enters-holiday-mode-risk-assets-close-cautiously-precious-metals-diverge-amid-liquidity-crunch","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/zh\/2025\/12\/31\/amillex-daily-market-commentary-market-enters-holiday-mode-risk-assets-close-cautiously-precious-metals-diverge-amid-liquidity-crunch\/","title":{"rendered":"Amillex\u6bcf\u65e5\u5e02\u573a\u8bc4\u8bba | \u5e02\u573a\u8fdb\u5165\u5047\u671f\u6a21\u5f0f\uff1a\u98ce\u9669\u8d44\u4ea7\u8c28\u614e\u6536\u76d8\uff1b\u6d41\u52a8\u6027\u7d27\u7f29\u4e0b\u8d35\u91d1\u5c5e\u8d70\u52bf\u5206\u5316\u00a0"},"content":{"rendered":"

2025\u5e7412\u670831\u65e5\u3002 <\/strong>\u968f\u77402025\u5e74\u6700\u540e\u4e00\u4e2a\u4ea4\u6613\u65e5\u7684\u4e34\u8fd1\uff0c\u5168\u7403\u5e02\u573a\u5df2\u5168\u9762\u8fdb\u5165\u201c\u5047\u671f\u6a21\u5f0f\u201d\u3002\u7531\u4e8e\u673a\u6784\u4ea4\u6613\u5458\u5927\u591a\u5904\u4e8e\u4f11\u5e02\u72b6\u6001\uff0c\u5e02\u573a\u5173\u6ce8\u7684\u7126\u70b9\u5df2\u4ece\u5b8f\u89c2\u57fa\u672c\u9762\u8f6c\u5411\u6280\u672f\u6027\u4ed3\u4f4d\u8c03\u6574\u548c\u4fdd\u8bc1\u91d1\u9a71\u52a8\u7684\u6ce2\u52a8\u3002\u5c3d\u7ba1\u80a1\u7968\u5e02\u573a\u4ecd\u53d7\u5e74\u5e95\u83b7\u5229\u56de\u5410\u7684\u5f71\u54cd\u7565\u6709\u4e0b\u884c\uff0c\u4f46\u8d35\u91d1\u5c5e\u5e02\u573a\u5374\u62a2\u5c3d\u98ce\u5934\uff0c\u5728\u6d41\u52a8\u6027\u4e0d\u8db3\u7684\u73af\u5883\u4e0b\u7ecf\u5386\u4e86\u5267\u70c8\u7684\u53bb\u6760\u6746\u5316\u3002\u7f8e\u5143\u6307\u6570\u7ef4\u6301\u533a\u95f4\u9707\u8361\uff0c\u5e02\u573a\u6838\u5fc3\u5173\u6ce8\u70b9\u4e5f\u4ece\u5b8f\u89c2\u6570\u636e\u8f6c\u5411\u4ed3\u4f4d\u3001\u4fdd\u8bc1\u91d1\u548c\u5e74\u672b\u57fa\u91d1\u914d\u7f6e\u3002 <\/p>\n\n\n\n

<\/div>\n\n\n\n

\u6309\u8d44\u4ea7\u7c7b\u522b\u5212\u5206\u7684\u5e02\u573a\u8868\u73b0\u548c\u57fa\u672c\u9762\u5206\u6790<\/strong> <\/p>\n\n\n\n

1. \u7f8e\u56fd\u80a1\u5e02<\/strong> <\/p>\n\n\n\n

\u6307\u6570\u8868\u73b0\uff1a<\/strong> \u7f8e\u56fd\u4e09\u5927\u80a1\u6307\u666e\u904d\u75b2\u8f6f\uff0c\u9053\u743c\u65af\u6307\u6570\u3001\u6807\u666e500\u6307\u6570\u548c\u7eb3\u65af\u8fbe\u514b\u6307\u6570\u5747\u5c0f\u5e45\u6536\u8dcc\u3002\u5e02\u573a\u7f3a\u4e4f\u660e\u786e\u7684\u4e3b\u65cb\u5f8b\uff0c\u6210\u4ea4\u91cf\u4e5f\u8fdc\u4f4e\u4e8e\u6b63\u5e38\u6c34\u5e73\uff0c\u5448\u73b0\u51fa\u5178\u578b\u7684\u5e74\u672b\u7279\u5f81\u3002 <\/p>\n\n\n\n

<\/div>\n\n\n\n

2. \u5916\u6c47\u5e02\u573a\uff1a<\/strong> <\/p>\n\n\n\n

    \n
  • \u7f8e\u5143\u6307\u6570\uff08DXY\uff09\u5c0f\u5e45\u8d70\u9ad8\uff0c\u4f46\u672a\u80fd\u5f62\u6210\u8d8b\u52bf\u7a81\u7834\uff0c\u53cd\u6620\u51fa\u5f3a\u70c8\u7684\u89c2\u671b\u60c5\u7eea\uff1b\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
      \n
    • \u6b27\u5143\/\u7f8e\u5143\u57281.17\u4e0a\u65b9\u6ce2\u52a8\uff0c\u7f3a\u4e4f\u65b0\u7684\u50ac\u5316\u5242\uff1b\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
        \n
      • \u7f8e\u5143\/\u65e5\u5143\u5728 156-157 \u533a\u95f4\u5185\u7ef4\u6301\u76d8\u6574\uff0c\u4ece\u9ad8\u4f4d\u56de\u843d\uff0c\u4f46\u4e0b\u884c\u52bf\u5934\u6709\u9650\uff1b\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
          \n
        • \u82f1\u9551\/\u7f8e\u5143\u8868\u73b0\u76f8\u5bf9\u575a\u633a\uff0c\u7565\u597d\u4e8e\u6b27\u5143\uff0c\u4f46\u540c\u6837\u53d7\u5230\u5047\u671f\u6d41\u52a8\u6027\u7684\u9650\u5236\u3002\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n

          \u9a71\u52a8\u56e0\u7d20\uff1a<\/strong> \u5916\u6c47\u5e02\u573a\u5df2\u8fdb\u5165\u5178\u578b\u7684\u201c\u5e74\u672b\u76d8\u6574\u9636\u6bb5\u201d\uff0c\u77ed\u671f\u6ce2\u52a8\u66f4\u591a\u662f\u6280\u672f\u6027\u6ce2\u52a8\uff0c\u800c\u975e\u8d8b\u52bf\u4ea4\u6613\u7a97\u53e3\u3002 <\/p>\n\n\n\n

          <\/div>\n\n\n\n

          3. \u8d35\u91d1\u5c5e\u548c\u5927\u5b97\u5546\u54c1<\/strong> <\/p>\n\n\n\n

          \u8d35\u91d1\u5c5e\uff1a <\/strong> <\/p>\n\n\n\n

            \n
          • \u73b0\u8d27\u9ec4\u91d1\uff08XAUUSD\uff09\uff1a\u5c3d\u7ba1\u77ed\u671f\u5185\u627f\u538b\uff0c\u4f46\u5176\u4ef7\u683c\u4ecd\u5728\u5386\u53f2\u9ad8\u4f4d\u533a\u57df\u5185\u6ce2\u52a8\uff0c\u8868\u660e\u4e2d\u957f\u671f\u770b\u6da8\u7ed3\u6784\u5e76\u672a\u53d7\u5230\u7834\u574f\u3002\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
              \n
            • \u73b0\u8d27\u767d\u94f6 (XAGUSD)\uff1a\u7ee7\u524d\u4e00\u65e5\u66b4\u8dcc\u540e\uff0c\u767d\u94f6\u51fa\u73b0\u5f3a\u52b2\u7684\u6280\u672f\u6027\u53cd\u5f39\uff0c\u7a81\u7834 9% \u5173\u53e3\uff0c\u56de\u5347\u81f3 $78\/\u76ce\u53f8\u9644\u8fd1\u6c34\u5e73\uff08\u4ece\u629b\u552e\u538b\u529b\u540e\u7684\u4f4e\u70b9\u53cd\u5f39\u81f3\u5f53\u65e5\u9ad8\u70b9\uff09\u3002\u8fd9\u79cd\u201c\u5148\u66b4\u8dcc\u540e\u66b4\u6da8\u201d\u7684\u8d70\u52bf\u662f\u201c\u4fdd\u8bc1\u91d1\u8c03\u6574\u2192\u5f3a\u5236\u5e73\u4ed3\u2192\u53cd\u5411\u4e70\u5165\/\u6284\u5e95\u201d\u7684\u5178\u578b\u8868\u73b0\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n

              \u6838\u5fc3\u9a71\u52a8\u56e0\u7d20\uff1a<\/strong> <\/p>\n\n\n\n

                \n
              • \u6b64\u524d\u7684\u201c\u6324\u538b\u5f0f\u201d\u53cd\u5f39\u79ef\u7d2f\u4e86\u5927\u91cf\u9ad8\u6760\u6746\u591a\u5934\u5934\u5bf8\uff1b\u00a0<\/li>\n<\/ul>\n\n\n\n
                  \n
                • \u5e74\u672b\u6d41\u52a8\u6027\u4e0d\u8db3\u4f1a\u653e\u5927\u4efb\u4f55\u96c6\u4e2d\u5e73\u4ed3\u884c\u4e3a\uff1b\u00a0<\/li>\n<\/ul>\n\n\n\n
                    \n
                  • \u6c47\u7387\u4fdd\u8bc1\u91d1\u589e\u52a0\u548c\u98ce\u9669\u63a7\u5236\u8981\u6c42\u63d0\u9ad8\u5f15\u53d1\u4e86\u88ab\u52a8\u53bb\u6760\u6746\u5316\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n

                    \u5546\u54c1\uff1a <\/strong> <\/p>\n\n\n\n

                      \n
                    • WTI\u539f\u6cb9\u4ef7\u683c\u5728$58\/\u6876\u9644\u8fd1\u6ce2\u52a8\u3002\u6574\u4f53\u8d8b\u52bf\u76f8\u5bf9\u7a33\u5b9a\uff0c\u5bf9\u80fd\u6e90\u677f\u5757\u8d77\u5230\u7a33\u5b9a\u4f5c\u7528\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n
                      <\/div>\n\n\n\n

                      5. \u4eca\u65e5\u91cd\u70b9<\/strong> <\/p>\n\n\n\n

                        \n
                      • 12\u6708\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\u4f1a\u8bae\u7eaa\u8981\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n
                          \n
                        • \u4e2d\u56fd12\u6708\u4efd\u5236\u9020\u4e1a\u91c7\u8d2d\u7ecf\u7406\u4eba\u6307\u6570\uff08PMI\uff09\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n
                            \n
                          • \u622a\u81f312\u670827\u65e5\u5f53\u5468\u7684\u7f8e\u56fd\u9996\u6b21\u7533\u8bf7\u5931\u4e1a\u6551\u6d4e\u4eba\u6570\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n
                            <\/div>","protected":false},"excerpt":{"rendered":"

                            December 31, 2025. As we approach the final closing bell of 2025, the global markets have fully transitioned into “Holiday Mode.” With institutional desks largely sidelined, the narrative has shifted away from macro fundamentals toward technical position squaring and margin-driven volatility. While equities remain under mild pressure from year-end profit-taking, the precious metals complex has stolen the spotlight, enduring a violent deleveraging event in […]<\/p>\n","protected":false},"author":7,"featured_media":3499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/posts\/3498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/comments?post=3498"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/posts\/3498\/revisions"}],"predecessor-version":[{"id":3500,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/posts\/3498\/revisions\/3500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/media\/3499"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/media?parent=3498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/categories?post=3498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/zh\/wp-json\/wp\/v2\/tags?post=3498"}],"curies":[{"name":"\u53ef\u6e7f\u6027\u7c89\u5242","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}