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总结
多家海外财经媒体称，随着2025年临近收官，贵金属在经历阶段性急跌后反弹，金银及铜等表现明显跑赢股市。报道提到黄金价格创纪录，全年涨幅约65%，白银涨幅约144%，市场出现“金属战”式的多空博弈。展望2026年，资金押注正从短线追涨转向关注关键技术位与宏观变量，包括通胀预期、主要央行利率路径、避险需求及工业金属需求变化，可能带来更大波动并影响资产配置策略。
正文
Gold, silver bets shift ahead of 2026 thestreet.com 'We're in a metals war': Gold, silver rebound after sharp sell-off Yahoo Finance Silver, gold and copper are trouncing stocks. Here's what a key chart level suggests could be ahead for 2026. MarketWatch Precious metals poised to finish 2025 strong with stellar annual gains Reuters Record Gold Price Ends 2025 Up 65%, Silver Jumps 144% BullionVault
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