到2025年底

Bybit和FXStreet發布了一份聯合報告，預測黃金可能在2025年底到2025年末每盎司4000美元

Cryptocurrency exchange Bybit and foreign exchange portal FXStreet have released a joint report forecasting that gold could hit $4,000 per ounce by the end of 2025.

加密貨幣交易所Bybit和外匯門戶網站FXStreet發布了一份聯合報告，預測黃金在2025年底可能達到每盎司4,000美元。

The report predicts that a combination of macroeconomic pressures, technical momentum, and increasing investor aversion to traditional assets will propel gold to new highs.

該報告預測，宏觀經濟壓力，技術勢頭和對傳統資產的厭惡的厭惡的結合將推動黃金提升到新的高點。

The report comes as gold reached a new all-time high of around $3,500 last month, marking a 26% gain year-to-date and a 41% jump over the past 12 months.

該報告是因為黃金上個月達到了3500美元的新歷史最高高點，這標誌著過去12個月的年度增長26％，增長了41％。

Over the same period, the S&P 500 has declined 11%, highlighting gold’s renewed strength as a safe-haven asset.

在同一時期，標準普爾500指數下降了11％，強調了黃金作為安全資產的新實力。

Investors are rotating capital into gold in response to persistent inflation, a weakening US dollar, and deteriorating real returns in equity and bond markets.

投資者正在將資本轉換為黃金，以響應持續的通貨膨脹，美元疲軟以及股票和債券市場的實際回報降低。

The metal’s traditional role as a hedge against currency devaluation has resurfaced, with both central banks and private investors seeking shelter from fiat instability amid escalating concerns over US trade policy under President Donald Trump, which has reignited fears of a global tariff war.

金屬作為抵抗貨幣貶值的對沖的傳統作用已經浮出水面，中央銀行和私人投資者都在尋求庇護的菲亞特不穩定，而唐納德·特朗普（Donald Trump）領導下對美國貿易政策的擔憂加劇，這重新激發了人們對全球關稅戰爭的恐懼。

The report stated:

報告指出：

“By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions.”

“通過充當中立的儲備資產，黃金在貿易模式和地緣政治緊張局勢轉移的情況下提供了急需的穩定性。”

The report noted that capital is being pulled from vulnerable currencies—including the euro, yen, yuan, and peso—into gold, which offers liquidity and political neutrality.

該報告指出，資本是從脆弱的貨幣中撤出的，包括歐元，日元，元和比索，其中具有流動性和政治中立性。

From a technical perspective, indicators remain supportive of further gains.

從技術角度來看，指標仍然支持進一步的收益。

The MACD remains in positive territory, with the 12-day moving average above the 26-day, signaling sustained bullish momentum.

MACD仍處於積極的領域，而12天的移動平均線高於26天，信號持續了看漲的勢頭。

Meanwhile, the RSI at 60 reflects ongoing strength without tipping into overbought levels.

同時，60歲的RSI反映了持續的力量，而無需將其傾斜到過高的水平。

Analysts expect gold to consolidate near $3,500, a key resistance level, before targeting $4,000 by year-end, assuming macroeconomic and geopolitical headwinds persist.

分析師預計，假設宏觀經濟和地緣政治逆風持續存在，黃金將鞏固近3,500美元，這是一個關鍵的阻力水平，然後以年底為目標4,000美元。

However, the technical outlook may become less favorable if the MACD crosses below the zero line or the 12-day average drops below the 26-day average, suggesting a potential shift in momentum.

但是，如果MACD交叉低於零線或12天的平均值低於26天的平均水平，則技術前景可能會變得不那麼好。

Additionally, RSI readings above 70 could indicate overbought conditions, warranting caution.

此外，RSI讀數超過70，可能表明條件過高，需要謹慎。

The report also highlighted silver as a compelling diversification opportunity.

該報告還強調了銀作為令人信服的多元化機會。

Despite lagging behind gold in performance, silver remains significantly below its 2011 peak of $50 per ounce and may benefit from both defensive capital flows and rising industrial demand, especially from green energy and infrastructure sectors.

儘管落後於黃金的性能，但銀仍顯著低於其2011年峰值每盎司50美元的高峰，並且可能會從防禦性資本流和工業需求上升，尤其是綠色能源和基礎設施部門中受益。

This combination could propel silver to new highs, presenting a unique opportunity for investors seeking asymmetric upside and an excellent hedge against macroeconomic uncertainty.

這種組合可以推動銀色的新高點，為尋求不對稱上升空間的投資者帶來了獨特的機會，並為宏觀經濟不確定性提供了極好的對沖。