每日期货全景复盘1.21：地缘局势紧张，沪金新高不断！

Group 1: Lithium Carbonate Market - Lithium carbonate prices continued to rise, with the main contract up 7.26% to 166,740 yuan/ton [1][4] - Guotai Junan Futures noted a strengthening expectation of supply contraction, driven by stricter tailings processing policies and delayed recovery of major producers [1][4] - Demand remained strong despite seasonal trends, with a decrease in inventory by 263 tons last week, and positive signals from the overseas electric vehicle market [1][5] Group 2: Tin Market - Tin prices surged, with the main contract rising 5.79% to 418,420 yuan/ton [2][6] - Xinhuh Futures indicated that the supply-demand fundamentals have not changed significantly, with weak overall consumption and seasonal declines in end-user demand [2][6] - Despite a recent increase in visible inventory due to replenishment actions, the overall inventory levels remain high, and the market is influenced more by macroeconomic sentiment [2][6] Group 3: Gold Market - Gold prices reached new highs, with the main contract up 3.69% to 1,092.3 yuan/gram [3][7] - Everbright Futures highlighted that geopolitical tensions, including conflicts involving the U.S. and Iran, have heightened investor anxiety, sustaining strong demand for gold as a safe haven [3][7] - The Polish central bank's approval of a large-scale gold purchase plan provides solid long-term demand support for gold [3][7]