Geopolitical Analysis - Iran's Foreign Minister, Amir-Abdollahian, leads a delegation to Muscat, Oman for nuclear negotiations with the U.S., focusing solely on nuclear issues, dismissing media speculation on other topics [2][15] - Federal Reserve Governor Cook emphasizes the need to bring inflation back to target levels to maintain credibility, noting upward risks to inflation and high uncertainty in economic outlook [2][15] Economic Data - In January, U.S. Challenger job cuts surged to 108,400, with new job additions at only 5,300, marking the worst performance in 17 years for the same period [2][15] - Job openings in December fell significantly to 6.54 million, the lowest since 2020, while initial jobless claims unexpectedly rose by 22,000 to 231,000 [2][15] Futures Market Overview - On February 5, 2026, the main gold contract opened at 1131.84 CNY/g and closed at 1105.76 CNY/g, a decrease of 3.15% from the previous trading day, with a trading volume of 41,087 contracts [3][16] - The main silver contract opened at 23,550.00 CNY/kg and closed at 20,255.00 CNY/kg, down 13.85%, with a trading volume of 1,653,202 contracts [3][16] Bond Market Insights - On February 5, 2026, the U.S. 10-year Treasury yield remained stable at 4.176%, with the yield spread between 10-year and 2-year notes at 0.734% [4][16] Precious Metals Holdings and Trading Volume - On February 5, 2026, the total trading volume for gold on the Shanghai Gold Exchange was 61,992 kg, down 11.04% from the previous day, while silver trading volume increased by 50.84% to 790,380 kg [20] - Gold ETF holdings were stable at 1,081.95 tons, while silver ETF holdings decreased by 68 tons to 16,370 tons [6][18] Market Strategy - Gold is viewed cautiously bullish, with expectations of a fluctuating price range between 1,050 CNY/g and 1,150 CNY/g due to a slight decrease in investment demand [9][22] - Silver is assessed as neutral, with significant price declines expected to continue, maintaining a trading range between 16,500 CNY/kg and 19,500 CNY/kg [10][23]
华泰期货：美国就业数据表现趋弱 美联储释放偏鹰信号
Xin Lang Cai Jing·2026-02-06 02:30