Group 1 - The US dollar index is trading around 99.240, while spot gold opened at $4585.49 per ounce and is currently trading at approximately $4617.53 per ounce [1] - On the previous trading day, the US dollar index rose by 0.29% to close at 99.186, while spot gold fell by 0.18% to $4594.90 per ounce [1] - Other precious metals showed mixed performance, with spot silver rising by 2.06% to $86.91 per ounce, while platinum and palladium fell by 0.33% to $2329.70 per ounce and 1.32% to $1826.50 per ounce, respectively [1] Group 2 - As of January 13, COMEX gold inventory increased by 4.59 tons to 1128.93 tons, while COMEX silver inventory decreased by 56.41 tons to 13550.91 tons [2] - SPDR gold ETF holdings rose by 3.43 tons to 1074.23 tons, while SLV silver ETF holdings decreased by 26.79 tons to 16321.16 tons [2] - The payment direction for deferred compensation fees indicates that Au(t+d), Ag(t+d), and mAu(t+d) are all in a short-to-long payment structure [2] Group 3 - The US CPI growth remained stable in December, with core CPI slightly below expectations, leading to comments from Trump advocating for significant interest rate cuts [3] - The ADP weekly employment report indicated that private sector employers added an average of 11,750 jobs per week over the four weeks ending December 20, 2025 [4] - The EU is discussing additional sanctions against Iran, with Trump stating that all meetings with Iranian officials have been canceled and that Iran will "pay a heavy price" [4][5]

Group 1 - The latest price of London gold is $4,617.33 per ounce, showing an increase of $31.96 or 0.70% from the previous trading day, indicating a strong upward trend [1] - The opening price for the day was $4,585.49 per ounce, with a high of $4,620.56 and a low of $4,585.49, reflecting significant market activity [1] Group 2 - The U.S. Department of Justice has issued a subpoena to Federal Reserve Chairman Jerome Powell as part of a criminal investigation related to his testimony regarding a $2.5 billion renovation project, raising concerns about the independence of the Federal Reserve [2] - Major investment banks, including Bank of America, JPMorgan, Goldman Sachs, Morgan Stanley, and UBS, are optimistic about gold prices, predicting they will remain between $4,500 and $5,000 per ounce by 2026 due to expectations of interest rate cuts and rising debt concerns [2] - The current market anticipates that the Federal Reserve may cut interest rates approximately twice this year, although recent employment reports have weakened aggressive rate cut expectations [2] Group 3 - The 21-period Simple Moving Average (SMA) has crossed above the 50-period SMA, both trending upwards, which reinforces the current bullish trend in gold prices [3] - Key support levels for gold are identified at approximately $4,534.94 (21-period SMA) and $4,468.91 (50-period SMA), indicating a strong technical foundation for price stability [3] Group 4 - Momentum indicators remain positive, with the MACD in the positive territory above the signal line, suggesting strong bullish momentum [4] - The RSI is at 67.3, indicating a potential short-term pause or consolidation in the upward trend, but any pullback is likely to be viewed as a correction rather than a trend reversal [4]

今日周三(1月14日)亚盘时段，黄金t+d目前交投于1034元附近，截至发稿，黄金t+d暂报1034.22元/克， 涨幅0.82%，最高触及1035.00元/克，最低下探1024.21元/克。目前来看，黄金t+d短线偏向看涨走势。 摘要今日周三(1月14日)亚盘时段，黄金T+D目前交投于1034元附近，截至发稿，黄金T+D暂报1034.22 元/克，涨幅0.82%，最高触及1035.00元/克，最低下探1024.21元/克。目前来看，黄金T+D短线偏向看涨 走势。 富国银行投资研究所在周二报告中预计，黄金2026年将进一步上涨，驱动力包括"地缘政治紧张局势加 剧及全球央行积极购买活动"等因素。该机构称，美联储今年预期降息及稳定的美元将助力黄金表现"优 于市场"，尽管涨幅或慢于2025年。 【最新黄金t+d行情解析】 黄金t+d(Au(t+d))2026年1月14日技术面延续强势多头格局。价格盘中最高触及1035.00元/克，收盘报 1025.84元/克，小幅震荡上行，站稳1025元/克关键支撑。日线RSI维持65–70偏强区间，MACD红柱持续 放大，布林带开口向上，价格沿上轨运行，趋势动能未衰。关键阻力位上 ...

Core Viewpoint - Silver TD prices have shown a significant increase, currently trading above 22,394, with a notable rise of 7.82% from the opening price of 21,125 [1] Group 1: Economic Indicators - Federal Reserve's Musalem indicated that inflation risks are easing, predicting prices will return to the Fed's target later this year [1] - He noted that after last year's rate cuts, the Fed's monetary policy is well-positioned to address price stability and employment risks [1] - Current interest rates are close to neutral levels, suggesting no further rate cuts are necessary despite ongoing inflation concerns [1] Group 2: Silver TD Market Analysis - Silver TD prices continued to rise, with an increase of over 8% today, reaching a high of 22,860 and a low of 21,125 [1] - Technical indicators show a bullish trend, with the MACD histogram in positive territory and the RSI nearing overbought levels [1] - Short-term outlook remains bullish, with support levels identified between 20,500 and 21,000, and resistance levels between 22,500 and 23,000 [1]

【最新现货黄金行情解析】 黄金短期内面临回调压力，但长期来看，降息周期、核心通胀仍高于央行目标、地缘政治博弈等因素支 撑黄金避险资产地位，2026年整体前景乐观。 指标层面，均线系统保持多头排列形态，短期需首要关注5日均线支撑力度。若价格运行于该均线之 上，整体仍以震荡偏强格局对待;一旦向下跌破5日均线，短期内需警惕回调风险。目前5日均线位于 4550区域，该位置同时对应前期高点，价格突破后若出现回落，需重点关注顶底转换后的支撑有效性。 摘要今日周三(1月14日)亚盘时段，现货黄金目前交投于4620美元/盎司附近，截至发稿，现货黄金最新 报4619.69美元/盎司，涨幅0.75%，最高上探至4620.56美元/盎司，最低触及4585.49美元/盎司。目前来 看，现货黄金短线偏向看涨走势。 今日周三(1月14日)亚盘时段，现货黄金目前交投于4620美元/盎司附近，截至发稿，现货黄金最新报 4619.69美元/盎司，涨幅0.75%，最高上探至4620.56美元/盎司，最低触及4585.49美元/盎司。目前来 看，现货黄金短线偏向看涨走势。 【要闻速递】 美元指数强势反弹成为黄金冲高回落的主要推手。周二，美元指数上 ...

Group 1: Gold Futures Market - Gold futures are currently trading around 1037.08 yuan per gram, with a rise of 0.73%, reaching a high of 1038.70 yuan and a low of 1028.24 yuan [1] - The short-term outlook for gold futures appears bullish, indicating potential upward momentum in prices [1] - The technical analysis for gold futures shows a strong bullish pattern, with prices breaking through 1024 yuan per gram and continuing to show strength [5] Group 2: Social and Political Context in the U.S. - Protests have erupted in numerous major U.S. cities following the shooting of 37-year-old American citizen, Renee Good, by ICE agents, highlighting deep-seated social discontent [3] - The federal government has supported the actions of law enforcement, labeling Good as a "threat," which has sparked significant media scrutiny and public outrage [3] - The incident has revealed a stark contrast between federal and state government positions, with ongoing political disputes in Congress regarding ICE's budget and authority [3] Group 3: International Implications of U.S. Domestic Issues - The death of Good reflects the hypocrisy of the U.S. as a "beacon of human rights," while simultaneously engaging in aggressive foreign policies that undermine global stability [4] - The increasing domestic violence and political polarization in the U.S. have led to a loss of international credibility, as the country continues to prioritize strategic interests over human rights [4] - The ongoing protests may subside, but the underlying institutional fractures within the U.S. governance system are becoming increasingly apparent [4]

市场同时密切关注伊朗持续升级的民众骚乱。德国总理默茨发表负面评论，正值各界评估伊朗政权崩溃 可能性及其对地缘政治和能源市场影响之际。这一局势正推动市场对黄金的避险需求。 【最新黄金期货行情解析】 从技术面来看，黄金多头在二月份的下一上涨目标为突破4750美元这一强阻力位，并实现收盘价站稳其 上;空头短期下跌目标则是推动期货价格跌破4400美元这一关键支撑位。当前首个阻力位为今日创下的 历史最高价4644美元，其次是4675美元;首个支撑位为今日最低价4582.80美元，随后是4550美元。 当天公布的数据显示，美国12月年通胀率维持2.7%，与11月持平且符合预期。CPI报告显示，能源价格 因汽油降价有所回落，但食品价格仍处高位;按月计算，CPI上涨0.3%。剔除食品和能源的核心CPI月率 仅涨0.2%，低于0.3%的预期值，年率则保持在2.6%，为2021年3月以来最低水平。 芝加哥商业交易所集团(CME Group)宣布，因黄金、铂金和钯金期货价格大幅上涨且交易波动剧烈，将 调整其保证金设定方式。新规将基于"名义金额"而非固定美元金额来确定保证金，自周二收盘后生效， 旨在"对市场波动进行常规审查，确保足够 ...

截至2026年1月14日，美元指数报99.22，较前一交易日微涨0.03%，日内呈现窄幅震荡态势。具体来 看，今日开盘99.18，盘中最高触及99.25，最低下探99.16，波动幅度相对有限。昨日美元指数表现疲 软，收于98.862，跌幅0.27%，带动欧元对美元汇率升至1.1672，英镑对美元汇率上涨至1.3466。 美国激进的关税政策、创纪录的财政赤字以及对美联储独立性的质疑，动摇了市场对美元币值稳定的信 心。2025年现货黄金价格飙升逾70%，"弃美元、购黄金"的趋势在2026年持续，进一步反映了市场对美 元资产的疑虑。 多家主流机构对2026年美元走势持看空态度，彭博社调查显示美元指数或再下跌约3%。美联储政策转 向、全球利差收窄、增长动能转移及去美元化进程，构成美元下行的核心驱动力，全年汇率中枢大概率 较2025年下移。 美元仍存在多个扰动因素可能引发短期反弹，包括美国经济超预期韧性、通胀韧性带来的政策调整、非 美经济体紧缩力度受限等。美联储对2026年美国实际GDP增速预测已从1.8%上调至2.3%，AI产业繁荣 也可能持续吸引全球资本流入。 市场对美联储2026年宽松政策的预期持续发酵，花旗、摩 ...

日本国内政治动态成为近期日元贬值的重要催化剂。日本首相高市早苗考虑解散众议院的消息传出后， 市场对其后续推行积极财政政策、维持低利率环境的预期升温，催生了以日元贬值、股市上涨、债券价 格下跌为特征的"高市交易"。海外投机者借机强化押注日元贬值的交易策略，尽管年末持仓调整曾削弱 贬值势头，但政治预期扰动为这一交易提供了新的驱动力。 财政可持续性担忧进一步加剧日元抛压。高市早苗政府推出的大规模财政刺激计划，使得日本政府债务 占GDP比重已超260%，偿债负担随利率上升持续加重。1月13日，日本长期利率一度攀升至2.140%，创 下26年11个月以来的最高水平，东京外汇市场因担忧财政状况恶化，抛售日元的动向明显升温，进一步 推高美元兑日元汇率。 2026年开年以来，日元汇率持续承压走弱，美元兑日元汇率不断刷新阶段高点。截至1月13日，该汇率 盘中一度触及158.90，创下2024年7月以来的18个月新低，当日收盘微幅回落至158.62，年内累计贬值幅 度已超1.2%，"高市交易"升温成为主导市场走势的核心逻辑。 政策分化持续发酵利差格局支撑美元强势 美日两国货币政策路径的差异，仍是驱动汇率走势的核心因素。日本央行在 ...

Core Viewpoint - The Swiss Franc (CHF) is experiencing a stable performance against the Euro and slight fluctuations against the US Dollar, supported by the Swiss National Bank's (SNB) zero interest rate policy and its role as a safe-haven currency, despite pressures from export challenges and US policy constraints [1][2]. Group 1: Currency Performance - As of January 14, 2026, the CHF is trading in the range of 0.8750-0.8800 against the USD, influenced by the SNB's zero interest rate policy and safe-haven demand, while facing pressure from exports and US policy [1]. - The CHF is stable against the Euro, anchored in the 1.08-1.09 range, due to the SNB's foreign exchange interventions and zero interest rate policy [1]. - The CHF has appreciated nearly 2% year-to-date against the USD, although its appreciation potential is limited by US trade policies [1]. Group 2: Economic Outlook - The Swiss Economic Association forecasts a slowdown in GDP growth from 1.2% in 2025 to 1.0% in 2026, with declines in sales for technology and watchmaking sectors, and an increase in unemployment from 2.8% to 3.0% [2]. - The SNB's ability to operate is constrained by US policies, as Switzerland has been labeled a currency manipulator and is now subject to tariff considerations, creating political risks for the SNB's market interventions [2]. Group 3: Monetary Policy and Market Sentiment - The zero interest rate policy is a key stabilizing factor for the CHF, with the SNB maintaining this rate since June 2025 to prevent excessive appreciation and support core export industries [1]. - Market participants are closely monitoring SNB policies, US trade developments, and safe-haven sentiment in the short term, while focusing on export and real estate data in the long term [2]. - The average inflation rate for 2026 is projected at 0.4%, which is unlikely to drive policy adjustments [2].