贵金属日报-20251015
Wu Kuang Qi Huo·2025-10-15 01:13
  1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The dovish stance of Fed Chairman Powell provided support for precious metal prices after they pulled back from high levels, indicating that the interest - rate cut cycle would continue [2]. - While the tightness of silver spot in London has marginally improved, the continuous inflow of silver spot into London may lead to a phased correction risk for silver prices. However, silver prices are expected to rise further after the correction [3]. - It is still recommended to hold existing long positions in precious metals. The reference operating range for the main contract of Shanghai Gold is 921 - 980 yuan/gram, and for the main contract of Shanghai Silver is 10962 - 12300 yuan/kilogram [4]. 3. Summary by Related Catalogs 3.1 Market Quotes - Gold: Shanghai Gold rose 0.97% to 949.76 yuan/gram, COMEX gold rose 0.12% to 4168.40 dollars/ounce, and London Gold rose 0.74% to 4126.30 dollars/ounce. The 10 - year US Treasury yield was 4.03%, and the US dollar index was 99.04 [2][5]. - Silver: Shanghai Silver rose 0.30% to 11732.00 yuan/kilogram, COMEX silver fell 0.38% to 50.43 dollars/ounce, and London Silver rose 0.55% to 51.52 dollars/ounce [2]. 3.2 Silver Spot Analysis - COMEX silver inventory decreased from 16543 tons on October 3 to 16179 tons on October 13, a reduction of 363 tons. The spread between COMEX silver's near - month contract and London silver narrowed from 2.88 dollars/ounce on October 10 to 2.09 dollars/ounce on the afternoon of October 14 [3]. 3.3 Strategy Suggestions - Hold existing long positions in precious metals. The reference operating range for the main contract of Shanghai Gold is 921 - 980 yuan/gram, and for the main contract of Shanghai Silver is 10962 - 12300 yuan/kilogram [4]. 3.4 Key Data Summary - Gold: COMEX gold's closing price, trading volume, and open interest increased, while inventory decreased slightly. LBMA and SHFE gold prices also rose, with SHFE gold's trading volume increasing significantly [8]. - Silver: COMEX silver's closing price decreased slightly, inventory decreased, and open interest increased. SHFE silver's trading volume increased, while inventory and open interest decreased [8].