<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/AI-image-of-commodities.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/AI-image-of-commodities.png"/></p>
<p>在本週最後一個交易日，黃金和白銀價格上漲，投資者在等待關鍵經濟數據的發佈。</p>
<p>貴金屬在新年開始時價值有所上升。</p>
<p>然而，這些漲幅低於兩週前達到的峯值，此前在去年年底出現了顯著下跌。</p>
<p>由於對伊朗和委內瑞拉供應中斷的擔憂，油價在週五也上漲。</p>
<p>基本金屬價格也在上漲，因為合約在經歷了波動的一週後即將結束。</p>
<h2>黃金和白銀上漲</h2>
<p>在關鍵的美國就業數據發佈前的謹慎情緒使得投資者在週五保持觀望，導致黃金價格基本穩定。</p>
<p>然而，美元的強勢限制了漲幅。</p>
<p>美元走強使得以美元計價的商品對海外投資者而言變得更加昂貴，從而限制了需求。</p>
<p>由於市場預期最高法院即將就特朗普總統使用緊急關税的權力作出裁決，美元達到了一個月來的峯值。</p>
<p>與此同時，路透社的調查預測，上個月美國非農就業人數可能增長 60,000 個，失業率預計將降至 4.5%。</p>
<p>美國利率下調的前景可能因美國勞動力市場報告不佳而增強。</p>
<p>“然而，我們預計美聯儲在一月份將保持不變，等待更多數據點，” 德國商業銀行的商品分析師 Barbara Lambrecht 在一份報告中表示。</p>
<p>美聯儲基金期貨目前預計到三月份將降息 25 個基點的可能性不足一半。</p>
<p>與此同時，COMEX 上的白銀價格在撰寫時上漲了 3.6%，達到每盎司 77.817 美元。</p>
<h2>油價有望實現強勁周漲幅</h2>
<p>由於對伊朗石油產量潛在中斷的擔憂，以及對委內瑞拉供應的不確定性，油價在週五上漲。</p>
<p>在撰寫時，西德克薩斯中質原油的價格為每桶 58.30 美元，上漲 0.9%；布倫特原油的價格為每桶 62.57 美元，也上漲 0.9%。</p>
<p>在連續兩天下跌後，週四兩個基準油價均上漲超過 3%。</p>
<p>這使得布倫特原油有望實現 2.8% 的周漲幅，而 WTI 則獲得了 1.5% 的周漲幅。</p>
<p>由於主要中東生產國伊朗的內亂加劇，以及對俄羅斯 - 烏克蘭戰爭可能干擾俄羅斯石油出口的擔憂，供應問題愈發嚴重。</p>
<p>在相關發展中，白宮計劃於週五與石油公司和貿易公司會面，討論與委內瑞拉的潛在石油出口交易。</p>
<p>此次會議是在美國於週六捕獲委內瑞拉總統尼古拉斯·馬杜羅幾天後舉行的。</p>
<p>在捕獲後，特朗普要求美國全面接管委內瑞拉的石油部門，美國官員表示華盛頓將無限期控制該國的石油銷售和收入。</p>
<p>“儘管如此，圍繞委內瑞拉局勢的新聞流動可能在短期內繼續困擾油市，” Lambrecht 表示。</p>
<blockquote>
<p>關注的不僅是美國的行動，還有委內瑞拉盟友俄羅斯和中國的進一步反應，中國是委內瑞拉石油的主要買家。</p>
</blockquote>
<h2>銅價上漲約 2%</h2>
<p>倫敦金屬交易所銅價創下歷史新高，超過每噸 13,000 美元，導致中國工業用户的需求下降。</p>
<p>中國工業消費了全球一半的銅，正努力吸收這些高昂的成本，導致產量減少和庫存上升，因為它無法輕易將價格上漲轉嫁給製造商。</p>
<p>儘管如此，預計在年內條件會有所改善。</p>
<p>這種樂觀情緒受到新興能源和人工智能領域銅消費增長的推動，以及旨在促進國內消費的政府支持措施的影響，Britannia Global Markets 的金屬負責人 Neil Welsh 表示。</p>
<p>在撰寫時，LME 三個月期銅合約的價格為每噸 12,965.55 美元，比前一交易日上漲 2.1%。</p>
<p>商品綜述：黃金、白銀上漲，伊朗供應中斷的擔憂推動油價上漲，首發於 Invezz。</p>

<p>黃金和白銀價格上漲，投資者在等待關鍵經濟數據的同時，油價因對伊朗和委內瑞拉供應中斷的擔憂而上漲。美元的強勢限制了貴金屬的漲幅。油價上漲，WTI 原油每桶 58.30 美元，布倫特原油每桶 62.57 美元。銅價飆升至創紀錄的每噸超過 13,000 美元，但來自中國工業用户的需求有所下降。分析師預計，由於對新能源和人工智能領域的增長預期，年內條件將改善</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/AI-image-of-commodities.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/AI-image-of-commodities.png"/></p>
<p>Gold and silver prices were higher on the last trading day of the week as investors waited for key economic data releases.</p>
<div class="lb-trans"><p>在本週最後一個交易日，黃金和白銀價格上漲，投資者在等待關鍵經濟數據的發佈。</p>
</div><p>Precious metals have started the new year with an increase in value.</p>
<div class="lb-trans"><p>貴金屬在新年開始時價值有所上升。</p>
</div><p>However, these gains are less than the peaks reached just under two weeks ago, following a significant drop at the close of the previous year.</p>
<div class="lb-trans"><p>然而，這些漲幅低於兩週前達到的峯值，此前在去年年底出現了顯著下跌。</p>
</div><p>Oil prices were also higher on Friday as concerns over supply disruption in Iran and Venezuela boosted sentiment.</p>
<div class="lb-trans"><p>由於對伊朗和委內瑞拉供應中斷的擔憂，油價在週五也上漲。</p>
</div><p>Base metal prices were also trading in the green as the contracts headed for the end of a volatile week.</p>
<div class="lb-trans"><p>基本金屬價格也在上漲，因為合約在經歷了波動的一週後即將結束。</p>
</div><h2>Gold and silver rise</h2>
<div class="lb-trans"><h2>黃金和白銀上漲</h2>
</div><p>Caution ahead of crucial US employment data kept investors on the sidelines on Friday, resulting in largely steady gold prices.</p>
<div class="lb-trans"><p>在關鍵的美國就業數據發佈前的謹慎情緒使得投資者在週五保持觀望，導致黃金價格基本穩定。</p>
</div><p>Gains were capped, however, by the dollar’s strength.</p>
<div class="lb-trans"><p>然而，美元的強勢限制了漲幅。</p>
</div><p>A stronger dollar makes commodities priced in the greenback more expensive for overseas investors, thereby limiting demand.</p>
<div class="lb-trans"><p>美元走強使得以美元計價的商品對海外投資者而言變得更加昂貴，從而限制了需求。</p>
</div><p>The US dollar reached a one-month peak as markets anticipated an imminent Supreme Court ruling regarding President Donald Trump’s authority to use emergency tariffs.</p>
<div class="lb-trans"><p>由於市場預期最高法院即將就特朗普總統使用緊急關税的權力作出裁決，美元達到了一個月來的峯值。</p>
</div><p>Meanwhile, a Reuters survey forecasts that US nonfarm payrolls likely grew by 60,000 jobs last month, with the unemployment rate expected to dip to 4.5%.</p>
<div class="lb-trans"><p>與此同時，路透社的調查預測，上個月美國非農就業人數可能增長 60,000 個，失業率預計將降至 4.5%。</p>
</div><p>The prospect of US interest rate cuts could be strengthened by a disappointing US labour market report.</p>
<div class="lb-trans"><p>美國利率下調的前景可能因美國勞動力市場報告不佳而增強。</p>
</div><p>“However, we expect the Fed to hold steady in January and wait for further data points,” Barbara Lambrecht, commodity analyst at Commerzbank AG, said in a report.</p>
<div class="lb-trans"><p>“然而，我們預計美聯儲在一月份將保持不變，等待更多數據點，” 德國商業銀行的商品分析師 Barbara Lambrecht 在一份報告中表示。</p>
</div><p>Fed Funds Futures are now pricing in less than half of a 25 basis point rate cut by March.</p>
<div class="lb-trans"><p>美聯儲基金期貨目前預計到三月份將降息 25 個基點的可能性不足一半。</p>
</div><p>Meanwhile, silver prices on COMEX were 3.6% higher at $77.817 per ounce at the time of writing.</p>
<div class="lb-trans"><p>與此同時，COMEX 上的白銀價格在撰寫時上漲了 3.6%，達到每盎司 77.817 美元。</p>
</div><h2>Oil set for strong weekly gains</h2>
<div class="lb-trans"><h2>油價有望實現強勁周漲幅</h2>
</div><p>Concerns over potential disruptions to oil output from Iran, coupled with uncertainty regarding Venezuela’s supply, drove oil prices higher on Friday.</p>
<div class="lb-trans"><p>由於對伊朗石油產量潛在中斷的擔憂，以及對委內瑞拉供應的不確定性，油價在週五上漲。</p>
</div><p>At the time of writing, the price of West Texas Intermediate crude oil was at $58.30 per barrel, up 0.9%, while Brent was at $62.57 a barrel, also up 0.9% from the previous close.</p>
<div class="lb-trans"><p>在撰寫時，西德克薩斯中質原油的價格為每桶 58.30 美元，上漲 0.9%；布倫特原油的價格為每桶 62.57 美元，也上漲 0.9%。</p>
</div><p>Following two consecutive days of declines, both benchmarks saw a gain of over 3% on Thursday.</p>
<div class="lb-trans"><p>在連續兩天下跌後，週四兩個基準油價均上漲超過 3%。</p>
</div><p>This puts Brent on track for a weekly climb of 2.8%, while WTI has secured a 1.5% gain for the week.</p>
<div class="lb-trans"><p>這使得布倫特原油有望實現 2.8% 的周漲幅，而 WTI 則獲得了 1.5% 的周漲幅。</p>
</div><p>Supply concerns have intensified due to civil unrest in major Middle Eastern producer Iran and fears that the Russia-Ukraine war could disrupt Russian oil exports.</p>
<div class="lb-trans"><p>由於主要中東生產國伊朗的內亂加劇，以及對俄羅斯 - 烏克蘭戰爭可能干擾俄羅斯石油出口的擔憂，供應問題愈發嚴重。</p>
</div><p>In a related development, the White House is scheduled to meet with oil companies and trading houses on Friday to discuss potential oil export deals with Venezuela.</p>
<div class="lb-trans"><p>在相關發展中，白宮計劃於週五與石油公司和貿易公司會面，討論與委內瑞拉的潛在石油出口交易。</p>
</div><p>This meeting comes just days after the US captured Venezuelan President Nicolas Maduro on Saturday.</p>
<div class="lb-trans"><p>此次會議是在美國於週六捕獲委內瑞拉總統尼古拉斯·馬杜羅幾天後舉行的。</p>
</div><p>Following the capture, Trump demanded full US access to Venezuela’s oil sector, with American officials stating that Washington will maintain control over the country’s oil sales and revenue indefinitely.</p>
<div class="lb-trans"><p>在捕獲後，特朗普要求美國全面接管委內瑞拉的石油部門，美國官員表示華盛頓將無限期控制該國的石油銷售和收入。</p>
</div><p>“Nevertheless, the flow of news surrounding the situation in Venezuela is likely to continue to preoccupy the oil market in the short term,” Lambrecht said.</p>
<div class="lb-trans"><p>“儘管如此，圍繞委內瑞拉局勢的新聞流動可能在短期內繼續困擾油市，” Lambrecht 表示。</p>
</div><blockquote>
<p>It is not only the actions of the US that are of interest, but also the further reactions of Venezuela’s ally Russia and China, which has been a major buyer of Venezuelan oil.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>關注的不僅是美國的行動，還有委內瑞拉盟友俄羅斯和中國的進一步反應，中國是委內瑞拉石油的主要買家。</p>
</blockquote>
</div><h2>Copper surges around 2%</h2>
<div class="lb-trans"><h2>銅價上漲約 2%</h2>
</div><p>Record-high prices, with copper exceeding $13,000 per ton on the London Metal Exchange, have led to decreased demand from Chinese industrial users.</p>
<div class="lb-trans"><p>倫敦金屬交易所銅價創下歷史新高，超過每噸 13,000 美元，導致中國工業用户的需求下降。</p>
</div><p>Chinese industry, which consumes half the world’s copper, is struggling to absorb these elevated costs, resulting in reduced output and rising inventories, as it cannot easily pass the price increases to manufacturers.</p>
<div class="lb-trans"><p>中國工業消費了全球一半的銅，正努力吸收這些高昂的成本，導致產量減少和庫存上升，因為它無法輕易將價格上漲轉嫁給製造商。</p>
</div><p>Nevertheless, an eventual improvement in conditions is anticipated later in the year.</p>
<div class="lb-trans"><p>儘管如此，預計在年內條件會有所改善。</p>
</div><p>This optimism is fueled by expected copper consumption growth in the new energy and artificial intelligence sectors, alongside supportive government measures aimed at boosting domestic consumption, according to Neil Welsh, head of metals at Britannia Global Markets.</p>
<div class="lb-trans"><p>這種樂觀情緒受到新興能源和人工智能領域銅消費增長的推動，以及旨在促進國內消費的政府支持措施的影響，Britannia Global Markets 的金屬負責人 Neil Welsh 表示。</p>
</div><p>At the time of writing, the three-month copper contract on LME was at $12,965.55 per ton, up 2.1% from the previous close.</p>
<div class="lb-trans"><p>在撰寫時，LME 三個月期銅合約的價格為每噸 12,965.55 美元，比前一交易日上漲 2.1%。</p>
</div><p>The post Commodity wrap: gold, silver rise, fears of disruptions in Iran boost oil appeared first on Invezz</p>
<div class="lb-trans"><p>商品綜述：黃金、白銀上漲，伊朗供應中斷的擔憂推動油價上漲，首發於 Invezz。</p>
</div>

商品綜述：黃金和白銀價格上漲，伊朗局勢的擾動擔憂推動油價上升