Group 1 - Precious metals experienced a strong upward trend last week, driven by geopolitical tensions, a weakening dollar, and continued global central bank gold purchases, with international gold prices approaching $5000 and silver prices surpassing $100 [1] - The macro environment for the non-ferrous metals sector is expected to remain generally favorable through 2026, with potential for continued upward movement [2] - The ongoing Federal Reserve rate cut cycle, escalating geopolitical conflicts, and the trend of de-dollarization are expected to provide sustained support for gold prices [2][3] Group 2 - Demand for copper, aluminum, and lithium is expected to strengthen, while supply constraints are likely to persist, leading to sustained price increases for these commodities [2] - Strategic minor metals such as tungsten, tantalum, and antimony are also positioned for investment opportunities due to supply-demand mismatches and geopolitical factors [3] - The demand for minor metals is significantly increasing due to their critical role in high-tech industries such as AI, military, and semiconductors [3]
国内外宏观环境利多有色金属板块，关注黄金基金ETF（518800）、矿业ETF（561330）
Sou Hu Cai Jing·2026-01-26 02:07