宝城期货贵金属有色早报（2026年1月14日）-20260114

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - For gold, the short - term view is to be cautious due to the cooling macro - atmosphere and potential for short - term safe - haven demand. The中期 view is strong, but the intraday view is slightly weak, and the reference view is to wait and see. For copper, the short - term and intraday views are volatile with a weak bias, the中期 view is strong, and the reference view is to be bullish in the long - term [1]. Group 3: Summary by Related Catalogs Gold - Short - term: Volatile; Mid - term: Strong; Intraday: Slightly weak; Reference view: Wait and see. The core logic is that the macro - atmosphere cools, short - term safe - haven demand rises, last night's gold price rose and then fell, short - term movement is greatly affected by silver, and be cautious of gold price decline due to silver long - position liquidation [1][3]. Copper - Short - term: Volatile; Mid - term: Strong; Intraday: Slightly weak; Reference view: Bullish in the long - term. The core logic is that last night's copper price rose and then fell, affected by precious metals especially silver. This week, copper price increase has slowed, and short - term capital push is insufficient, waiting for industry follow - up [1][4].