期货开盘：沪银跌超3%，沪金、甲醇跌超2%，氧化铝、沪锡、玻璃跌超1%；集运指数涨超6%，焦炭涨超1%

Core Viewpoint - The current gold bull market may not be over, as its price increase and duration are still lower than the major upcycles of the 1970s and 2000s. The macroeconomic uncertainties and long-term adjustments in global reserve structures suggest that the upward trend in gold prices will continue unless the Federal Reserve completely ends its easing cycle or the U.S. economy enters a strong recovery phase with declining inflation and rising growth [1]. Group 1: Market Performance - Domestic main contracts showed mixed performance with silver down over 3% and gold down over 2%. Other commodities like aluminum oxide, tin, and glass also saw declines exceeding 1%. In contrast, the shipping index (European line) rose over 6%, and styrene (EB) increased by over 1% [3]. Group 2: Investment Strategy - Despite the clear bull market logic for gold, it is currently considered a relatively expensive asset class, which may increase asset volatility. The recommendation is to maintain an overweight position in gold while reducing speculative trading, focusing instead on dollar-cost averaging and long-term asset allocation value [1].