兴业期货：沪金偏强震荡 酝酿新动能

Group 1: Gold Market Performance - The Shanghai gold futures contract is currently priced at 1006.50 CNY per gram, reflecting an increase of 0.68% [1] - The opening price for the day was 996.70 CNY per gram, with a high of 1007.00 CNY and a low of 993.00 CNY [1] Group 2: Macroeconomic News - The U.S. productivity growth accelerated in the last quarter, and the number of layoffs decreased in December, with attention on the upcoming non-farm payroll data [2] - The U.S. Supreme Court is expected to make a ruling on the Trump tariff case this week [2] - The U.S. has stated it will not cut off Venezuela's oil supply to China [2] Group 3: Institutional Perspectives - The long-term upward trend for gold remains unchanged; however, current U.S. economic data does not support a rapid rate cut by the Federal Reserve, with a low probability of rate cuts in Q1 according to CME FedWatch [4] - Shanghai gold is showing strong fluctuations, indicating the potential for new momentum [4] - Gold bulls are significantly more stable compared to silver and platinum-palladium, with a recommendation to hold long positions in the April contract [4]