<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2014/11/01/22/33/gold-513062_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="720" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2014/11/01/22/33/gold-513062_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<p>黄金（XAU/USD）在$4,773-4,772 区域稳步反弹，并在周四早盘欧洲时段攀升至新的日高。由于市场预计美国联邦储备委员会（Fed）将在 2026 年再进行两次降息，美元（USD）未能充分利用前一天的积极走势，这被视为对无收益的黄金形成支撑的关键因素。</p>
<p>与此同时，美国总统唐纳德·特朗普撤回了对八个欧洲国家加征额外关税的威胁，并排除了通过武力夺取格林兰的可能性。这反过来引发了一波新的全球风险偏好交易，并对避险金属黄金形成压力。交易者可能会在美国个人消费支出（PCE）价格指数发布之前，避免进一步的仓位布局。</p>
<h3><strong>每日市场动态：黄金上涨似乎受到避险需求减弱的限制</strong></h3>
<ul>
<li>全球风险情绪因美国总统唐纳德·特朗普对格林兰的态度转变而得到强劲提振，传统避险资产黄金也因此远离周三触及的历史高点。</li>
<li>特朗普在达沃斯的世界经济论坛上表示，他已与北约达成关于未来格林兰交易的框架协议，结束了对欧洲国家征收新关税的必要性。</li>
<li>这一发展消除了美国与北约盟国对抗的尾部风险，触发了 “卖出美国” 交易的逆转，这对美元形成了支撑，并进一步打压了黄金。</li>
<li>美国特使史蒂夫·维特科夫宣布与俄罗斯总统弗拉基米尔·普京的新会晤，将于周四举行，讨论美国主导的 20 点乌克兰和平计划的进展。</li>
<li>与此同时，特朗普在周三表示，乌克兰总统弗拉基米尔·泽连斯基和普京现在已达成可以结束战争的协议，这进一步打压了贵金属。</li>
<li>根据路透社的调查，大多数经济学家预计美国联邦储备委员会将在本季度末之前维持关键利率，可能会持续到主席杰罗姆·鲍威尔的任期在 5 月结束。</li>
<li>然而，交易者仍在定价 2026 年再降息两次的可能性。此外，关于政治干预美联储独立设定利率的担忧限制了美元的上涨空间。</li>
<li>因此，今天稍晚将发布的美国个人消费支出（PCE）价格指数以及最终的美国第三季度 GDP 报告，将影响美元的价格走势，并推动 XAU/USD 货币对。</li>
</ul>
<h3><strong>黄金可能在日内上涨中难以获得进一步动能，因市场情绪混合</strong></h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.fxstreet.com/_next/image/query-cT05NSZ1cmw9aHR0cHM6Ly9lZGl0b3JpYWwuZnhzc3RhdGljLmNvbS9taXNjZWxhbmVvdXMvY2hhcnQtYW5hbHlzaXMtMTc2OTA1MzE4NjQxMSZ3PTE1MzY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.fxstreet.com/_next/image/query-cT05NSZ1cmw9aHR0cHM6Ly9lZGl0b3JpYWwuZnhzc3RhdGljLmNvbS9taXNjZWxhbmVvdXMvY2hhcnQtYW5hbHlzaXMtMTc2OTA1MzE4NjQxMSZ3PTE1MzY"/></p>
<p>100 小时简单移动平均线（SMA）持续上升，位于价格下方，支持近期的上涨趋势。XAU/USD 货币对保持在该指标之上，偏向上行，SMA 在$4,707.80 处充当动态支撑。移动平均收敛发散（MACD）线仍低于信号线和零线，而负直方图收缩，表明看跌动能减弱。相对强弱指数（RSI）在 46（中性）处，较之前的极端水平有所回落。</p>
<p>从$4,535.22 的低点到$4,889.37 的高点，38.2% 的斐波那契回撤位在$4,754.08 提供初步支撑，而 23.6% 的斐波那契水平在$4,805.79 则缓冲回调；保持在这些支撑位之上将保持恢复路径的完整性。短期内，持续在上升的 100 小时 SMA 之上接受价格将使阻力路径倾向于上行。如果 MACD 线向上穿越信号线，且 RSI 重新回到 50 以上，动能将增强；而未能保持在均线之上将使市场面临更深的回调风险，并延长整固。</p>
<hr/>
<p><em>更多来自此作者的内容：</em></p>
<p>GBP/USD 在 1.3400 上方维持区间，交易者关注美国 PCE 和 GDP 数据</p>
<p>EUR/USD 在等待特朗普在达沃斯论坛上的演讲时波动</p>
<p>由于干预担忧和鹰派的日本央行预期，日元获得支撑</p>

<p>黄金（XAU/USD）上涨至新的日高，因美国美元在市场预期美联储将在 2026 年进行两次降息的情况下表现疲软。美国总统特朗普决定避免对欧洲国家征收新关税以及他对格林兰的评论提升了全球风险情绪，影响了避险资产黄金。即将发布的美国个人消费支出（PCE）物价指数和第三季度 GDP 报告预计将影响美元走势和黄金价格。技术指标显示，黄金在维持上行势头方面可能面临挑战，关键支撑位已被识别</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2014/11/01/22/33/gold-513062_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2014/11/01/22/33/gold-513062_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><p>Gold (XAU/USD) builds on its steady intraday bounce from the $4,773-4,772 region and climbs to a fresh daily peak during the early European session on Thursday. The US Dollar (USD) struggles to capitalize on the previous day's positive move amid bets for two more interest rate cuts by the US Federal Reserve (Fed) in 2026, which, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.</p>
<div class="lb-trans"><p>黄金（XAU/USD）在$4,773-4,772 区域稳步反弹，并在周四早盘欧洲时段攀升至新的日高。由于市场预计美国联邦储备委员会（Fed）将在 2026 年再进行两次降息，美元（USD）未能充分利用前一天的积极走势，这被视为对无收益的黄金形成支撑的关键因素。</p>
</div><p>Meanwhile, US President Donald Trump pulled back from his threat to slap additional tariffs on eight European nations and ruled out seizing Greenland by force. This, in turn, triggers a fresh wave of the global risk-on trade and acts as a headwind for the safe-haven Gold. Traders might also refrain from positioning for any further gains ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index.</p>
<div class="lb-trans"><p>与此同时，美国总统唐纳德·特朗普撤回了对八个欧洲国家加征额外关税的威胁，并排除了通过武力夺取格林兰的可能性。这反过来引发了一波新的全球风险偏好交易，并对避险金属黄金形成压力。交易者可能会在美国个人消费支出（PCE）价格指数发布之前，避免进一步的仓位布局。</p>
</div><h3><strong>Daily Digest Market Movers: Gold upside seems capped amid fading safe-haven demand</strong></h3>
<div class="lb-trans"><h3><strong>每日市场动态：黄金上涨似乎受到避险需求减弱的限制</strong></h3>
</div><ul>
<li>The global risk sentiment gets a strong boost in reaction to US President Donald Trump's U-turn on Greenland and drags the traditional safe-haven Gold away from the record high, touched on Wednesday.</li>
<li>Trump said at the World Economic Forum in Davos that he had reached an agreement on a framework for a future deal on Greenland with NATO, ending the need to impose new tariffs on European nations.</li>
<li>The development removes the tail risk of a US confrontation with NATO allies, triggering the reversal of the “Sell America” trade, which acts as a tailwind for the US Dollar and further undermines the bullion.</li>
<li>US Special Envoy Steve Witkoff announced a new meeting with Russian President Vladimir Putin that’s set to take place on Thursday amid progress with discussions over a US-led 20-point Ukraine peace plan.</li>
<li>Meanwhile, Trump said on Wednesday that Ukrainian President Volodymyr Zelensky and Putin were now at a point where they could reach a deal to end the war, further undermining the precious metal.</li>
<li>According to a Reuters poll, a majority of economists expect that the US Federal Reserve will hold its key interest rate through the end of this quarter and possibly until Chair Jerome Powell's tenure ends in May.</li>
<li>Traders, however, are still pricing in the possibility of two more rate reductions in 2026. Moreover, concerns about political interference in the Fed's independent setting of rates cap the USD upside.</li>
<li>Hence, the release of the US Personal Consumption Expenditure (PCE) Price Index, along with the final US Q3 GDP report, due later today, will influence the USD price action and drive the XAU/USD pair.</li>
</ul>
<div class="lb-trans"><ul>
<li>全球风险情绪因美国总统唐纳德·特朗普对格林兰的态度转变而得到强劲提振，传统避险资产黄金也因此远离周三触及的历史高点。</li>
<li>特朗普在达沃斯的世界经济论坛上表示，他已与北约达成关于未来格林兰交易的框架协议，结束了对欧洲国家征收新关税的必要性。</li>
<li>这一发展消除了美国与北约盟国对抗的尾部风险，触发了 “卖出美国” 交易的逆转，这对美元形成了支撑，并进一步打压了黄金。</li>
<li>美国特使史蒂夫·维特科夫宣布与俄罗斯总统弗拉基米尔·普京的新会晤，将于周四举行，讨论美国主导的 20 点乌克兰和平计划的进展。</li>
<li>与此同时，特朗普在周三表示，乌克兰总统弗拉基米尔·泽连斯基和普京现在已达成可以结束战争的协议，这进一步打压了贵金属。</li>
<li>根据路透社的调查，大多数经济学家预计美国联邦储备委员会将在本季度末之前维持关键利率，可能会持续到主席杰罗姆·鲍威尔的任期在 5 月结束。</li>
<li>然而，交易者仍在定价 2026 年再降息两次的可能性。此外，关于政治干预美联储独立设定利率的担忧限制了美元的上涨空间。</li>
<li>因此，今天稍晚将发布的美国个人消费支出（PCE）价格指数以及最终的美国第三季度 GDP 报告，将影响美元的价格走势，并推动 XAU/USD 货币对。</li>
</ul>
</div><h3><strong>Gold might struggle to capitalize on intraday move up amid mixed setup</strong></h3>
<div class="lb-trans"><h3><strong>黄金可能在日内上涨中难以获得进一步动能，因市场情绪混合</strong></h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.fxstreet.com/_next/image/query-cT05NSZ1cmw9aHR0cHM6Ly9lZGl0b3JpYWwuZnhzc3RhdGljLmNvbS9taXNjZWxhbmVvdXMvY2hhcnQtYW5hbHlzaXMtMTc2OTA1MzE4NjQxMSZ3PTE1MzY" alt="" original-src="https://www.fxstreet.com/_next/image?url=https%3A%2F%2Feditorial.fxsstatic.com%2Fmiscelaneous%2Fchart-analysis-1769053186411&amp;w=1536&amp;q=95"/></p>
<p>The 100-hour Simple Moving Average (SMA) continues to rise and lies beneath the price, supporting the near-term uptrend. The XAU/USD pair holds above this gauge, keeping the bias tilted higher, with the SMA at $4,707.80 acting as dynamic support. The Moving Average Convergence Divergence (MACD) line remains below the Signal line and below zero, while the negative histogram contracts, suggesting fading bearish momentum. The Relative Strength Index (RSI) stands at 46 (neutral) after cooling from prior extremes.</p>
<div class="lb-trans"><p>100 小时简单移动平均线（SMA）持续上升，位于价格下方，支持近期的上涨趋势。XAU/USD 货币对保持在该指标之上，偏向上行，SMA 在$4,707.80 处充当动态支撑。移动平均收敛发散（MACD）线仍低于信号线和零线，而负直方图收缩，表明看跌动能减弱。相对强弱指数（RSI）在 46（中性）处，较之前的极端水平有所回落。</p>
</div><p>Measured from the $4,535.22 low to the $4,889.37 high, the 38.2% Fibonacci retracement at $4,754.08 offers initial support, while the 23.6% Fibo. level at $4,805.79 cushions dips; holding above these supports would keep the recovery path intact. Near-term, continued price acceptance above the rising 100-hour SMA keeps the path of least resistance to the upside. Momentum would firm if the MACD turns up through its Signal line and the RSI reclaims 50, while failure to hold above the average would leave the market vulnerable to a deeper pullback and extend consolidation.</p>
<div class="lb-trans"><p>从$4,535.22 的低点到$4,889.37 的高点，38.2% 的斐波那契回撤位在$4,754.08 提供初步支撑，而 23.6% 的斐波那契水平在$4,805.79 则缓冲回调；保持在这些支撑位之上将保持恢复路径的完整性。短期内，持续在上升的 100 小时 SMA 之上接受价格将使阻力路径倾向于上行。如果 MACD 线向上穿越信号线，且 RSI 重新回到 50 以上，动能将增强；而未能保持在均线之上将使市场面临更深的回调风险，并延长整固。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的内容：</em></p>
</div><p>GBP/USD Remains Confined In A Range Above 1.3400 As Traders Eye US PCE And GDP Data</p>
<div class="lb-trans"><p>GBP/USD 在 1.3400 上方维持区间，交易者关注美国 PCE 和 GDP 数据</p>
</div><p>EUR/USD Wavers In Range Awaiting Trump's Speech At The Davos Forum</p>
<div class="lb-trans"><p>EUR/USD 在等待特朗普在达沃斯论坛上的演讲时波动</p>
</div><p>Japanese Yen Gains Traction Amid Intervention Fears, Hawkish BoJ Expectations</p>
<div class="lb-trans"><p>由于干预担忧和鹰派的日本央行预期，日元获得支撑</p>
</div>

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