贵金属日报-20251230

Report Industry Investment Rating - Gold: ★★★, indicating a clearer upward trend and relatively appropriate investment opportunities currently [1] - Silver: ★★★, suggesting a clearer upward trend and relatively appropriate investment opportunities currently [1] Core View of the Report - Overnight, precious metals dropped significantly. Recently, the prospects of Fed easing and geopolitical risks have supported the strength of precious metals. However, the risks have been accumulating due to excessive gains driven by funds. Domestic and foreign exchanges have successively adjusted margins and trading restrictions. The short - term market volatility is high, and participation should be cautious. The platinum fundamentals continue to be in short supply, and the medium - term upward logic remains intact. There is a possibility that long - position funds may cover positions on dips. The recent IV has increased, and attention should be paid to the opportunity of selling PUT options [1] Summary According to Related Events - Trump is considering suing Powell for incompetence and may fire him. He also stated that if Iran continues to develop ballistic missiles, he supports a strike on Iran; if Iran develops nuclear weapons, he supports a rapid strike on Iran [2] - Regarding the Russia - Ukraine situation: - Russia claims that 91 Ukrainian drones attacked Putin's residence, while Ukraine denies it. - Zelensky requested a 50 - year security guarantee from Trump, and the issues of the Zaporizhzhia Nuclear Power Plant and territory remain unresolved in the 20 - point plan. - The Kremlin says there is no discussion about a call between Putin and Zelensky currently, but a call between Putin and Trump is expected to take place soon. - The Chief of the General Staff of the Russian Armed Forces says Russian troops are successfully advancing into the Ukrainian military's defense circle, and the advancement speed in December was the fastest in nearly a year. - Putin instructed to continue the work of establishing a security zone in Sumy and Kharkiv regions, aiming to complete it in 2026, and said it is necessary to continue actions to gain control of Zaporizhzhia city [2]