国投期货贵金属日报-20260109

Report Industry Investment Rating - Gold and silver are rated ★☆☆, indicating a bullish/bearish bias with limited trading opportunities on the market [1] Core View - Overnight precious metals first declined and then rebounded, with the downward trend easing. The weekly initial jobless claims in the US stood at 208,000, remaining at a low level. Geopolitical turmoil persists globally at the beginning of the year, and market sentiment drives significant price fluctuations. The impact of the annual rebalancing of the Bloomberg Commodity Index is not sustainable. After a high - level consolidation, precious metals are still expected to test previous high resistance. Consider participating in a breakout or waiting for volatility to decline before re - entering the market. Attention should be focused on the US non - farm payrolls data tonight [1] Other Summaries Fed - related - It is expected that the Fed will cut interest rates by about 150 basis points in 2026. Trump claims to have decided on the next Fed chair nominee. Bessent urges the Fed to cut rates further and expects Trump to announce the nominee this month [2] Venezuela Situation - related - The US Energy Secretary says Venezuela's oil production may increase by 50% in 18 months. The US Senate seeks to limit Trump's actions against Venezuela, and Trump threatens five "defecting" Republicans. US media reports that Trump is planning to control Venezuela's state - owned oil company with the goal of pushing oil prices down to $50 per barrel. Venezuela reaffirms its commitment to deepening economic and trade agreements with China [2]