到2025年底

Bybit和FXStreet发布了一份联合报告，预测黄金可能在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.

加密货币交易所Bybit和外汇门户网站FXStreet发布了一份联合报告，预测黄金在2025年底可能达到每盎司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.

该报告预测，宏观经济压力，技术势头和对传统资产的厌恶的厌恶的结合将推动黄金提升到新的高点。

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.

该报告是因为黄金上个月达到了3500美元的新历史最高高点，这标志着过去12个月的年度增长26％，增长了41％。

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

在同一时期，标准普尔500指数下降了11％，强调了黄金作为安全资产的新实力。

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

投资者正在将资本转换为黄金，以响应持续的通货膨胀，美元疲软以及股票和债券市场的实际回报降低。

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.

金属作为抵抗货币贬值的对冲的传统作用已经浮出水面，中央银行和私人投资者都在寻求庇护的菲亚特不稳定，而唐纳德·特朗普（Donald Trump）领导下对美国贸易政策的担忧加剧，这重新激发了人们对全球关税战争的恐惧。

The report stated:

报告指出：

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

“通过充当中立的储备资产，黄金在贸易模式和地缘政治紧张局势转移的情况下提供了急需的稳定性。”

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.

该报告指出，资本是从脆弱的货币中撤出的，包括欧元，日元，元和比索，其中具有流动性和政治中立性。

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

从技术角度来看，指标仍然支持进一步的收益。

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

MACD仍处于积极的领域，而12天的移动平均线高于26天，信号持续了看涨的势头。

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

同时，60岁的RSI反映了持续的力量，而无需将其倾斜到过高的水平。

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.

分析师预计，假设宏观经济和地缘政治逆风持续存在，黄金将巩固近3,500美元，这是一个关键的阻力水平，然后以年底为目标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交叉低于零线或12天的平均值低于26天的平均水平，则技术前景可能会变得不那么好。

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

此外，RSI读数超过70，可能表明条件过高，需要谨慎。

The report also highlighted silver as a compelling diversification opportunity.

该报告还强调了银作为令人信服的多元化机会。

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.

尽管落后于黄金的性能，但银仍显着低于其2011年峰值每盎司50美元的高峰，并且可能会从防御性资本流和工业需求上升，尤其是绿色能源和基础设施部门中受益。

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

这种组合可以推动银色的新高点，为寻求不对称上升空间的投资者带来了独特的机会，并为宏观经济不确定性提供了极好的对冲。