贵金属期现日报-20260106

Group 1: Investment Rating - No investment rating information provided in the report. Group 2: Core Views - In the coming month, precious metals are expected to maintain high volatility. It is recommended to focus on volatility, and gold bulls should allocate on dips [1]. - In the high - volatility market, silver investors should keep a light - long position and use options to lock in profits in a timely manner [1]. - With the strong external market performance, the price center of platinum will gradually rise, and a low - long approach is recommended. Palladium's fundamentals are relatively weaker and its trend will mainly follow [1]. Group 3: Summary by Relevant Catalogs Domestic Futures Closing Prices - AU2602 contract closed at 995.00 yuan/g on January 5, up 10.16 yuan or 1.03% from December 30 [1]. - AG2602 contract closed at 18,247 yuan/10g on January 5, up 107 yuan or 0.59% from December 30 [1]. - PT2606 contract closed at 583.95 yuan/g on January 5, up 56.70 yuan or 10.75% from December 30 [1]. - PD2606 contract closed at 452.85 yuan/g on January 5, up 27.65 yuan or 6.50% from December 30 [1]. Foreign Futures Closing Prices - COMEX gold主力 contract closed at 4459.70 on January 5, up 117.80 or 2.71% from January 2 [1]. - COMEX silver主力 contract closed at 76.51 on January 5, up 4.25 or 5.87% from January 2 [1]. - NYMEX platinum主力 contract closed at 2288.00 dollars/ounce on January 5, up 126.20 or 5.84% from January 2 [1]. - NYMEX palladium主力 contract closed at 1772.50 on January 5, up 77.00 or 4.54% from January 2 [1]. Spot Prices - London gold was at 4446.89 on January 5, up 114.38 or 2.64% from the previous day [1]. - London silver was at 76.53 on January 5, up 3.71 or 5.09% from the previous day [1]. - Spot platinum was at 2271.22 dollars/ounce on January 5, up 139.22 or 6.53% from the previous day [1]. - Spot palladium was at 1700.00 on January 5, up 59.00 or 3.60% from the previous day [1]. - Shanghai Gold Exchange's gold T+D was at 992.63 yuan/g on January 5, up 10.43 yuan or 1.06% from the previous day [1]. - Shanghai Gold Exchange's silver T+D was at 18319 yuan/kg on January 5, up 200 yuan or 1.10% from the previous day [1]. - Shanghai Gold Exchange's platinum 9995 was at 574 yuan/g on January 5, up 9 yuan or 1.51% from the previous day [1]. Basis - Gold TD - Shanghai gold主力: The current value is - 2.37, up 0.27 from the previous day, and the 1 - year historical quantile is 63.00% [1]. - Silver TD - Shanghai silver主力: The current value is 72, up 93 from the previous day, and the 1 - year historical quantile is 98.30% [1]. - London gold - COMEX gold: The current value is - 12.81, down 3.42 from the previous day, and the 1 - year historical quantile is 63.40% [1]. - London silver - COMEX silver: The current value is 0.02, down 0.53 from the previous day, and the 1 - year historical quantile is 80.40% [1]. Price Ratios - COMEX gold/silver: The current value is 58.29, down 1.79 or - 2.99% from the previous day [1]. - SHFE gold/silver: The current value is 54.53, up 0.24 or 0.44% from the previous day [1]. - NYMEX platinum/palladium: The current value is 1.29, up 0.02 or 1.24% from the previous day [1]. - GZFE platinum/palladium: The current value is 1.29, up 0.05 or 3.99% from the previous day [1]. Yields and Exchange Rates - 10 - year US Treasury yield: The current value is 4.17%, down 0.02 percentage points or - 0.5% from the previous day [1]. - 2 - year US Treasury yield: The current value is 3.46%, down 0.01 percentage points or - 0.3% from the previous day [1]. - 10 - year TIPS Treasury yield: The current value is 1.91%, down 0.03 percentage points or - 1.5% from the previous day [1]. - US dollar index: The current value is 98.33, down 0.13 or - 0.13% from the previous day [1]. - On - shore RMB exchange rate: The current value is 6.9829, up 0.0130 or 0.19% from the previous day [1]. Inventory and Positions - SHFE gold inventory: The current value is 97,704, unchanged from the previous day [1]. - SHFE silver inventory: The current value is 669,547 (10g), down 86,207 or - 11.41% from the previous day [1]. - COMEX gold inventory: The current value is 36,403,452, up 482 or 0.00% from the previous day [1]. - COMEX silver inventory: The current value is 449,521,788, down 251,580 or - 0.06% from the previous day [1]. - COMEX gold registered warehouse receipts: The current value is 19,361,515 ounces, unchanged from the previous day [1]. - COMEX silver registered warehouse receipts: The current value is 127,264,198, down 571,065 or - 0.45% from the previous day [1]. - SPRD gold ETF position: The current value is 1065, unchanged from the previous day [1]. - SLV silver ETF position: The current value is 16,354, down 90.54 or - 0.55% from the previous day [1].