您目前正在查看 Amillex Daily Market Commentary | Falling inflation and geopolitical risks coexist; US stocks recover, USD fluctuates, gold and silver hit historical peaks, and energy trends upward. 

Amillex每日市場評論 | 通膨下降與地緣政治風險並存；美國股市復甦，美元波動，黃金和白銀創歷史新高，能源價格呈上升趨勢。 

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  • 貼文類別：英語新聞

December 23, 2025. Yesterday, US stock indices closed higher across the board, though gains were modest. The US Dollar Index remained in a low-level oscillation (within the 98–99 range), while the foreign exchange market showed structural divergence. As market expectations for a gradual easing by the Federal Reserve rise, spot gold and silver prices both hit new historical highs, indicating a rapid flow of capital into precious metals amid expectations of further declines in US dollar yields. Meanwhile, oil prices have shown signs of a recent rebound, driven in part by risk premiums from geopolitical frictions in Venezuela and other regions, fueling a short-term recovery in the energy sector. 

按資產類別劃分的市場表現與基本面分析 

1. US Stock Market: Index recovery continues, led by Tech and Finance 

指數表現：  

  • The Dow Jones Industrial Average rose slightly by 0.47%, with steady performance in the financial and industrial sectors.  
  • The S&P 500 Index gained 0.64%, the strongest performer among the three major indices; it is approaching historical highs and poised for a potential breakout.  
  • The Nasdaq Index up slightly by 0.52%, supported by heavyweight technology stocks.  

股票聚焦： NVIDIA (NVDA) broke its short-term downward trend, closing at $183.70 with a gain of about 1.5%. Renewed sentiment around the AI theme continues to attract capital inflows.  

驅動因素： Micron Technology’s strong performance last week and its future guidance have pushed the semiconductor sector higher overall. 

2. Forex Market: USD oscillates at high levels, non-US currencies diverge 

  • The US Dollar Index (DXY) continued to fluctuate with a downward bias but remained largely within the 98–99 range;  
  • EUR/USD is currently oscillating above the 1.17 level, with narrow volatility due to reduced year-end liquidity;  
  • USD/JPY saw a technical rebound, ending its recent losing streak;  
  • GBP/USD remained resilient, briefly rising to nearly 1.348, a two-month high.  

驅動邏輯： The US dollar has not yet entered a trend-based decline. While year-end trading volumes often narrow exchange rate ranges, the market is seeing structural divergence as safe-haven assets like gold climb. 

3. Precious Metals and Commodities: Gold and Silver hit new highs; oil prices surge on geopolitical tensions 

貴金屬：  

  • Spot gold (XAUUSD) driven by geopolitical risk sentiment, prices surged 2.4% at high levels, strongly refreshing historical peaks.  
  • Spot silver (XAGUSD) also skyrocketed to new historical highs, jumping 2.8% and briefly approaching $70/ounce, outperforming gold.  

商品：  

  • WTI crude oil rose over 2%, propelled by supply-side risks.. 

4. Crypto Assets: Continued slight rebound amid recovering risk appetite 

  • Bitcoin (BTC) trading near $90,000, it briefly broke through the psychological barrier with intraday volatility exceeding 2%;  
  • Ethereum (ETH) moved higher in tandem, with volatility remaining at elevated levels. 

5. 今日重點 

  • US ADP Employment Report 
  • Canada October GDP (MoM, Seasonally Adjusted) 
  • US Q3 Real GDP (Annualized QoQ, Revision) 
  • US November Core Durable Goods Orders (MoM) 
  • US November Durable Goods Orders (MoM) 
  • US Q3 GDP Price Index (Revision) 
  • US December CB Consumer Confidence 
  • US December Richmond Fed Manufacturing Index