贵金属日报-20260108

1. Report Industry Investment Ratings - Gold: ★☆☆, indicating a bullish bias but limited operability in the market [1] - Silver: ★☆★, with the market in a relatively balanced state and poor operability, suggesting a wait - and - see approach [1] 2. Core Views of the Report - Precious metals declined today. The US ADP employment increase in December was slightly lower than expected but better than the previous value, and the ISM non - manufacturing PMI was better than expected and the previous value. The Shanghai Futures Exchange adjusted trading limits, contract trading margin ratios, and price limit ranges for silver futures [1]. - Global geopolitical turmoil continues at the beginning of the year, and market sentiment leads to sharp volatility. Precious metals are testing resistance at previous highs. Consider participating in a breakout or waiting for volatility to decline before re - entering the market. Tonight, focus on the US weekly initial jobless claims data [1] 3. Other Key Information from the Report - The US Secretary of State will meet with Denmark next week to discuss Greenland issues [2] - Trump believes that the military budget in 2027 should be $1.5 trillion instead of $1 trillion [2] - China's gold reserves at the end of December were reported at 74.15 million ounces, an increase of 30,000 ounces compared to the previous month, marking the 14th consecutive month of gold purchases [2]