Core Viewpoint - The geopolitical tensions surrounding Greenland have led to increased demand for safe-haven assets, driving up the prices of gold and silver to new highs [1][2][3][4]. Group 1: Geopolitical Events and Market Reactions - The situation in Greenland has escalated, with U.S. President Trump asserting his intention to control the territory, which has raised concerns among European investors [1]. - European institutions, including Denmark's Akademiker Pension, are beginning to sell off U.S. Treasury bonds, reflecting a reassessment of their safe-haven status [1]. - The Polish central bank's decision to purchase 150 tons of gold is seen as a significant factor supporting gold prices amid rising geopolitical tensions [2]. Group 2: Price Movements and Predictions - Gold prices are expected to surpass $5,000 per ounce due to new geopolitical uncertainties and concerns regarding U.S. monetary policy [4]. - Silver prices are projected to reach $100 per ounce, although a potential correction may occur as physical shortages improve [4]. - The gold-silver ratio has decreased significantly, indicating a strong upward trend in silver prices, which is also contributing to gold's rise [3]. Group 3: Institutional Insights - Analysts from various institutions highlight that the ongoing geopolitical tensions and U.S. trade policies are primary drivers of the current gold price surge [4]. - The influx of central bank purchases and ETF investments has further propelled gold prices to unprecedented levels [4].

Economic Overview - In 2025, Shanghai's GDP reached 56,708.71 billion yuan, reflecting a year-on-year growth of 5.4% at constant prices [1] Industrial Production - Shanghai's industrial added value grew by 5.0% year-on-year, with total industrial output value increasing by 4.6% [2] - Key sectors such as railway, shipbuilding, aerospace, and other transportation equipment manufacturing saw a significant increase of 15.8% in output [2] - The three leading manufacturing industries experienced a 9.6% growth, with integrated circuit manufacturing up by 15.1% and artificial intelligence manufacturing up by 13.6% [2] Service Sector Growth - The tertiary sector's added value increased by 6.0%, with the information transmission, software, and IT services sector leading at a growth rate of 15.3% [3] - The financial sector's added value reached 8,979.66 billion yuan, growing by 9.7% [3] Fixed Asset Investment - Fixed asset investment in Shanghai grew by 4.6%, with industrial investment surging by 20.0%, significantly outpacing the overall investment growth [4] - Urban infrastructure investment rose by 11.2% [4] Consumer Market - The total retail sales of consumer goods reached 16,600.93 billion yuan, marking a 4.6% year-on-year increase [5] - Online retail sales from major enterprises grew by 14.1% [5] Financial Market Activity - Major financial markets in Shanghai recorded a transaction volume of 40.5895 trillion yuan, up by 11.2% [6] - The balance of deposits in financial institutions reached 24.50 trillion yuan, growing by 11.3% [6] Trade Performance - Shanghai's total goods import and export volume reached 4.51 trillion yuan, with exports growing by 10.8% [7] - The export of "new three samples" products increased by 17.4%, including a 13.8% rise in electric vehicle exports [7] Price Trends and Income - The consumer price index (CPI) in Shanghai rose by 0.1%, while the core CPI increased by 0.7% [8] - The average disposable income per capita reached 91,987 yuan, reflecting a growth of 4.1% [9]

作为上海市大城养老命题的"答题人"，上海农商银行服务全市近八成老年人口，为120余万客户提供养 老金代发服务。为满足银龄群体品质、实惠的消费需求，上海农商银行充分发挥网点密集、贴近社区的 独特优势，打造114家养老金融特色网点，推出"六专"服务体系，推出全市首家"适老生活体验馆"，构 建"养老金融网点+民政适老化+辅具租赁体验+促银发消费"服务新模式，围绕"健康养老、日常生活、 便捷出行、文化体验"等核心场景，提供适老辅具、健康监测设备等品牌康养用品满减、老字号生活必 需品折扣、社区食堂及连锁药店立减、家电清洗及上门洗衣等补贴，切实提升养老品质、助力消费扩 容。 此外，上海农商银行还推出了丰富的个人消费贷款优惠，进一步优化汽车消费贷款服务流程、提供更多 汽车消费贴息贷款产品等，更好发挥个人贷款产品的品质消费促进作用。 聚焦多维消费场景，拓展服务边界 近日，《上海市促进服务业提质增效和消费提振扩容联动发展的若干措施》（简称《若干措施》）发 布，上海农商银行积极响应政策要求，从丰富个人金融服务、激活多元消费场景、强化经营主体支持等 维度，进一步优供给、促消费、稳增长、惠民生。 聚焦多元消费人群，丰富金融服务 作为 ...

截至1月20日，全球最大黄金ETF——SPDR Gold Trust持仓较上日减少4.01吨，当前持仓量为1081.66 吨。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 ...

Core Insights - The total Assets Under Management (AUM) across various regions amounts to $603.5 billion, with North America leading at $314.0 billion, followed by Europe at $211.6 billion, Asia at $67.0 billion, and other regions at $10.9 billion [1] - Global fund flows indicate a positive demand with inflows of $5,938.1 million, while outflows reflect a negative demand of $597.2 million [1] AUM Summary - North America: AUM is $314.0 billion [1] - Europe: AUM is $211.6 billion [1] - Asia: AUM is $67.0 billion [1] - Other regions: AUM is $10.9 billion [1] - Total AUM: $603.5 billion [1] Fund Flows Summary - North America: Fund flows are $3,994.9 million [1] - Europe: Fund flows are $956.1 million [1] - Asia: Fund flows are $354.4 million [1] - Other regions: Fund flows are $35.5 million [1] - Total fund flows: $5,340.9 million [1]

截至1月20日，全球最大白银ETF——iShares Silver Trust持仓较上日增加149.42吨，当前持仓量为 16222.48吨。 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 ...

纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价20日上涨1.98%，收于每盎司4769.10美 元。 在整体市场风险规避情绪高涨的背景下，黄金、白银期价当日大幅上涨，再创历史新高。2月黄金期价 突破每盎司4760美元，过去12个月上涨幅度超过78%；3月白银期价一度突破每盎司95美元，自2025年 以来已上涨超过230%。 黄金创出新高之际，分析师也纷纷上调金价预期。瑞银贵金属策略师JoniTeves表示，多元化配置需求是 本轮金价上行的核心驱动力，机构投资者、零售投资者及各国央行均在增持黄金以应对宏观不确定性。 她预计金价上半年仍有上攻动能，若市场对美联储独立性的担忧持续升温，金价在上半年有望冲击5000 美元／盎司关口。白银则受益于金价上涨的带动及自身供需缺口收窄，今年或挑战100美元／盎司。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 美国总统特朗普试图控制格陵兰岛，导致美欧关系紧张。本周初，全球股市暴跌，交易员和投资者焦虑 情绪高涨。继特朗普因格陵兰岛问题17日宣布从2月1日起对来自丹麦、挪威、瑞典、 ...

美国总统特朗普试图控制格陵兰岛，导致美欧关系紧张。本周初，全球股市暴跌，交易员和投资者焦虑 情绪高涨。继特朗普因格陵兰岛问题17日宣布从2月1日起对来自丹麦、挪威、瑞典、法国、德国、英 国、荷兰和芬兰的输美商品加征10%关税之后，特朗普19日在得知法国总统马克龙无意加入美国主导的 监督加沙地带战后过渡治理的所谓"和平委员会"后，威胁对法国葡萄酒和香槟征收200%的关税。作为 报复，欧盟正在商讨对价值930亿欧元的美国商品加征关税。 日本债券大规模抛售蔓延至全球债务市场，美国国债收益率升至四个多月来的最高水平，这也支撑了对 黄金和白银的避险需求。 新华财经纽约1月20日电（记者徐静）纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价20 日上涨1.98%，收于每盎司4769.10美元。 在整体市场风险规避情绪高涨的背景下，黄金、白银期价当日大幅上涨，再创历史新高。2月黄金期价 突破每盎司4760美元，过去12个月上涨幅度超过78%；3月白银期价一度突破每盎司95美元，自2025年 以来已上涨超过230%。 值得注意的是，波兰央行（NBP)当地时间周二表示，已批准一项购买多达150吨黄金的计划，此举将使 ...

Group 1 - The core market sentiment is shifting towards a "sell America" strategy due to rising geopolitical tensions and threats of increased tariffs from the U.S. government [1][2][4] - The U.S. stock market experienced significant declines, with the Dow Jones Industrial Average dropping by 870.74 points (1.76%) to close at 48,488.59 points, and the S&P 500 falling by 143.15 points (2.06%) to 6,796.86 points [1] - The Chicago Board Options Exchange Volatility Index, known as the "fear index," surged by 26.67% to 20.09, marking the highest level since November 25, 2025, indicating increased investor anxiety [3] Group 2 - The U.S. 10-year Treasury yield rose to 4.316%, the highest since August 25, 2025, reflecting investor concerns over the U.S. government's financial situation [1][3] - European investors are contemplating halting investments in U.S. assets or even selling off existing holdings due to the political climate, although significant action may require further escalation [5] - Analysts suggest that while the current geopolitical tensions are notable, there are no immediate signs of a financial weaponization risk between the U.S. and Europe [4]

Core Insights - The National Energy Administration reports that in 2026, the national electricity load during winter reached a new high, surpassing 1.4 billion kilowatts for the first time, peaking at 1.417 billion kilowatts, with daily electricity consumption exceeding 30 billion kilowatt-hours for the first time in winter, indicating a critical period for heating and supply [1][2]. Group 1: Electricity Load Situation - Electricity load has consistently reached new highs, with the maximum load on January 4 hitting 1.351 billion kilowatts, marking a historical winter peak. From January 18, due to a widespread cold wave, the load increased rapidly, adding 150 million kilowatts in just three days, equivalent to Japan's maximum annual load [2]. - On January 19 and 20, the load reached 1.379 billion and 1.4 billion kilowatts respectively, with a peak of 1.417 billion kilowatts. Since the start of winter, 75 historical load peaks have been recorded across various regional power grids [2]. Group 2: Measures to Ensure Stable Power Supply - The National Energy Administration has proactively deployed measures to ensure stable and orderly power supply, addressing challenges such as significant fluctuations in renewable energy output and equipment failures due to severe weather [3]. - Responsibilities for power supply have been clearly defined, with a focus on ensuring safe and reliable electricity supply. The "one province, one policy" approach guides key regions and power companies to implement specific measures for heating and supply [3]. - Safety in production is emphasized, with a commitment to prevent various safety incidents and ensure smooth operations during the year-end and beginning of the year [3]. - Service quality is prioritized, with special attention to electricity safety for essential users such as transportation hubs and large shopping centers, and proactive adjustments to prevent overloads in power distribution [3]. Group 3: Future Actions - The National Energy Administration will continue to guide and supervise local power companies to effectively implement winter heating and supply measures, monitoring electricity supply and demand changes daily to address potential risks and ensure stable power supply [4].