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宝城期货贵金属有色早报-20250611
Bao Cheng Qi Huo·2025-06-11 03:22

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core Viewpoints of the Report - The short - term and medium - term trends of gold and nickel are both in a volatile state, with an intraday view of being weakly volatile, and the reference view is to wait and see [1]. - For gold, due to the easing of Sino - US relations, the gold price is under pressure, and the gold - silver ratio is expected to continue to weaken [1][3]. - For nickel, the upstream is strong and the downstream is weak, and the nickel price may run weakly after breaking through the key level [1][5]. 3) Summary by Related Catalogs Gold - Price Trends: Short - term: volatile; Medium - term: volatile; Intraday: weakly volatile; Reference view: wait and see [1]. - Driving Logic: After the Sino - US Geneva meeting on May 12, Sino - US relations tend to ease, putting pressure on the gold price. The gold - silver ratio declined significantly in June due to the rise of silver, and it is expected to continue to weaken [3]. Nickel - Price Trends: Short - term: volatile; Medium - term: volatile; Intraday: weakly volatile; Reference view: wait and see [1]. - Driving Logic: The upstream ore end is tight, the downstream demand is weak, the domestic nickel inventory is decreasing from a high level while the overseas inventory is rising. After the nickel price breaks below the 122,000 mark, the futures price may run weakly [5].