宝城期货贵金属有色早报-20250911
Bao Cheng Qi Huo·2025-09-11 01:43
- Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - Gold is expected to show a short - term and mid - term upward trend, with an intraday view of oscillating strongly. Copper is also expected to have a short - term and mid - term upward trend, with an intraday view of oscillating strongly [1][3][4] 3. Summary by Variety Gold (AU) - Price Performance: Yesterday, gold prices maintained high - level oscillating. New York gold oscillated below $3700, and Shanghai gold oscillated around 835 yuan. Since the Jackson Hole meeting on August 22nd, gold prices have been on an upward trend, with foreign gold breaking through the high of the oscillation range since the second quarter of this year [3] - Core Logic: Recent stock markets at home and abroad have been oscillating, giving gold a safe - haven premium. In the short term, the upward momentum of gold prices is strong. Attention should be paid to the support of the 5 - day moving average when prices fall. Also, focus on tonight's US inflation data [3] Copper (CU) - Price Performance: Last night, copper prices increased in volume and moved upwards, with the main contract price standing above the 80,000 - yuan mark [4] - Core Logic: Macroscopically, the expectation of overseas economic decline is rising, which is negative for copper prices, while the expectation of the Fed's interest rate cut is rising, which is positive. Industrially, the support of the domestic industrial peak season for futures prices is constantly strengthening. With a strong domestic and weak overseas macro - environment and the industry entering the peak season, futures prices are expected to move strongly. Technically, the futures price increased in volume and stood above 80,000 yuan, with strong upward momentum [4]