贵金属期货全线飘红 沪银领涨3.71%

Core Insights - Domestic precious metal futures showed mixed performance, with Shanghai gold and silver prices experiencing slight increases, while international precious metals saw a decline in gold prices and a rise in silver prices [1][2] Price Trends - As of September 29, 2025, the main contracts for Shanghai gold and silver were priced at 865.90 CNY per gram (up 1.27%) and 10,919.00 CNY per kilogram (up 3.73%), respectively [1][2] - Internationally, COMEX gold was priced at 3,843.40 USD per ounce (down 1.41%), while COMEX silver was at 47.13 USD per ounce (up 1.64%) [1][2] Market Sentiment - The market is cautious due to ongoing geopolitical conflicts, a potential U.S. government shutdown, and shifts in Federal Reserve monetary policy, which could impact gold's long-term outlook [3] - The upcoming release of the U.S. non-farm payroll report and the Federal Reserve's September meeting minutes are key events to watch, as they may influence market sentiment regarding interest rate cuts [3] Technical Analysis - Last week, spot gold saw a slight increase of 0.3%, with a weekly rise of approximately 2%, reaching a peak of 3,790 USD [4] - The core PCE price index for August met expectations with a month-on-month increase of 0.2%, indicating sustained consumer spending growth [4] - Increased volatility in gold prices is anticipated during the upcoming holiday period, with a focus on whether gold can break previous high points [4]