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宝城期货贵金属有色早报-20250529
Bao Cheng Qi Huo·2025-05-29 13:25

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Report's Core View - Gold has a long - term upward trend, but mid - and short - term multi - and short - side games intensify. The short - term, mid - term, and intraday views are mainly oscillatory, with the intraday being oscillatory and weak. The core logic is that the US economic outlook turning better is negative for gold prices, while frequent geopolitical events are positive. Also, the recent rise in the US dollar index, US Treasury prices, and the US stock market has led to a decline in risk aversion demand [1][3]. - Nickel is expected to be weak in the short term. The short - term view is a decline, the mid - term is oscillatory, and the intraday is oscillatory and weak. The core logic is that the upstream is strong while the downstream is weak, and the recent increase in the rumor of an increase in the Indonesian nickel ore quota has led to a significant decline in nickel prices. Technically, the short - term price has broken through the technical support of 120,000, and it may continue to operate weakly [1][5]. 3) Summary by Variety Gold (AU) - Price Movement: Yesterday, the gold price oscillated narrowly above 770, then oscillated downward at night, broke through 770, and then rebounded after hitting the bottom [3]. - Market Environment: The US dollar index and US Treasury prices have bottomed out and rebounded, and the US stock market has also shown an upward trend, leading to a decline in risk aversion demand [3]. - View: Short - term, mid - term, and intraday views are oscillatory, with the intraday being oscillatory and weak. The long - term upward trend remains unchanged, but mid - and short - term multi - and short - side games intensify [1][3]. Nickel (NI) - Price Movement: Yesterday, the nickel price dropped significantly with increased positions in the afternoon, the main contract price broke through the 120,000 mark, then oscillated and stabilized; at night, it once broke through 119,000 and then rebounded after hitting the bottom. Recently, the nickel price has been oscillating downward and accelerated yesterday [5]. - Market Environment: Affected by the rumor of an increase in the Indonesian nickel ore quota, the nickel price dropped significantly [5]. - View: Short - term view is a decline, mid - term is oscillatory, and intraday is oscillatory and weak. The short - term bears have an obvious advantage, and the price may continue to operate weakly after breaking through the technical support of 120,000 [1][5].