贵金属：贵金属日报2026-01-07-20260107

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - Fed officials' dovish statements boost market expectations for loose monetary policy, leading to a short - term strengthening of gold and silver prices [1] - Precious metals may face short - term significant corrections due to the Fed's "inaction" in January next year, but this does not mean the end of the current gold and silver upward cycle. The Trump administration has a motivation for further loose fiscal policies, and the Fed will enter a more radical interest - rate cut cycle after Powell officially steps down. Currently, the short - term prices of gold and silver have fully reflected the expectations of monetary and fiscal policies. It is recommended to maintain a wait - and - see stance in precious metals trading, not to open new long or short positions, and to be aware of the risk of price surges followed by declines. The reference operating range for the main contract of Shanghai Gold is 940 - 1024 yuan/gram, and for the main contract of Shanghai Silver is 15340 - 20000 yuan/kilogram [2] 3. Summary by Related Content Market Quotes - Shanghai Gold rose 0.81% to 1008.74 yuan/gram, and Shanghai Silver rose 4.87% to 19820.00 yuan/kilogram. COMEX Gold was reported at 4505.70 US dollars/ounce, and COMEX Silver was reported at 81.22 US dollars/ounce. The US 10 - year Treasury yield was reported at 4.18%, and the US dollar index was reported at 98.59 [1] Key Data of Gold and Silver - For COMEX Gold on January 6, 2026, the closing price of the active contract was 4505.70 US dollars/ounce (up 1.03% from the previous day), the trading volume was 16.72 million lots (down 19.29% from the previous day), the position was 48.19 million lots (down 2.08% from the previous day), and the inventory was 1132 tons (unchanged). For LBMA Gold, the closing price was 4490.35 US dollars/ounce (up 0.76% from the previous day). For SHFE Gold, the closing price of the active contract was 1004.98 yuan/gram (up 1.00% from the previous day), the trading volume was 30.81 million lots (up 61.30% from the previous day), the position was 31.85 million lots (up 1.83% from the previous day), the inventory was 97.70 tons (unchanged), and the settled funds were 512.11 billion yuan (up 2.85% from the previous day). For AuT+D, the trading volume was 44.25 tons (up 0.55% from the previous day), and the position was 198.82 tons (down 4.66% from the previous day) [4] - For COMEX Silver on January 6, 2026, the closing price of the active contract was 81.22 US dollars/ounce (up 6.16% from the previous day), the position was 15.74 million lots (up 1.08% from the previous day), and the inventory was 13972 tons (down 0.07% from the previous day). For LBMA Silver, the closing price was 78.48 US dollars/ounce (up 4.54% from the previous day). For SHFE Silver, the closing price of the active contract was 19452.00 yuan/kilogram (up 6.60% from the previous day), the trading volume was 289.63 million lots (up 168.34% from the previous day), the position was 68.26 million lots (up 6.92% from the previous day), the inventory was 581.44 tons (down 13.16% from the previous day), and the settled funds were 358.48 billion yuan (up 13.98% from the previous day). For AgT+D, the trading volume was 876.64 tons (up 33.34% from the previous day), and the position was 2993.51 tons (up 1.77% from the previous day) [4] Price - Related Charts - There are multiple charts showing the relationships between gold and silver prices, trading volumes, positions, US dollar index, real interest rates, and other factors, as well as the near - far month structures and internal - external price differences of gold and silver [7][8][10][15][20][21][25][27][29][39][44][46][51][52][54]