[Today's Market Preview] Silver and Copper Hit New Highs! Bank of Japan Releases Major Signals

Investment Insights - Here are today's important financial events:

1. Three major stock index futures decline, cryptocurrency concept stocks broadly fall!

Before the U.S. stock market opened on December 1, the three major stock index futures fell. As of 4:50 AM Eastern Time, the Dow Jones index futures fell by 0.49%, the S&P 500 index futures fell by 0.63%, and the Nasdaq 100 index futures fell by 0.78%.

Popular stocks generally declined, with NVIDIA (NVDA) down 1.08% and Tesla (TSLA) down 1.14%. Cryptocurrency concept stocks broadly fell, with Coinbase (COIN) down over 3%.

1. Silver hits historical high, gold price breaks 4250

Silver prices rose to $57.87 per ounce, reaching a historical high. Gold prices rose to $4256 per ounce, marking a new high in over a month.

Analysis indicates that the sharp rise in silver is due to deep concerns in the market about supply shortages, as well as traders' widespread bets on the Federal Reserve's impending interest rate cuts. Data shows that China's silver inventory has fallen to its lowest level in seven years.

1. Risk aversion sentiment rises, cryptocurrency plunges again

U.S. President Trump stated on Sunday that he has decided on the next Federal Reserve chairperson, leading to market speculation that Powell may resign early. Additionally, China's renewed tightening of cryptocurrency regulations has heightened market risk aversion.

Today, Bitcoin and Ethereum briefly fell over 5%. As of the time of publication, Bitcoin (BTC) is priced at $86,602, and Ethereum (ETH) is priced at $2,838.

1. Supply crisis hits, copper prices reach historical high

Due to a series of mine supply disruptions, global copper supply is tightening. Additionally, due to tariff expectations, traders are shipping large amounts of metal to the higher-priced U.S. market, leading to exhaustion risks in copper inventories in other regions, causing copper prices to continue to soar.

London copper prices rose to $11,292 per ton, setting a historical high. UBS predicts it may rise to $13,000 per ton by 2026.

1. Bank of Japan governor hints at interest rate hike, yen exchange rate surges

Bank of Japan Governor Kazuo Ueda stated that he will consider the pros and cons of a rate hike in December and make an appropriate decision, which is the clearest hawkish signal released so far.

According to overnight swap indices, traders believe there is about a 64% chance that the Bank of Japan will decide to raise interest rates at its policy meeting on December 19. As a result, the USD/JPY fell by 0.52%, priced at 155.31.

1. U.S. PCE data is coming! Focus on U.S.-Russia talks【Weekly Outlook】

On December 5, the U.S. will release the September PCE report, which is the Federal Reserve's preferred inflation indicator and may provide critical basis before the meeting.

Additionally, on December 1, the U.S. delegation will visit Moscow. Putin reiterated that Russia generally agrees to use the U.S. list for resolving the Ukraine issue as the basis for future negotiations