贵金属日报-20260123

Group 1: Report Industry Investment Rating - Gold and silver are rated ★☆☆, indicating a bullish bias but with limited operability on the trading floor [1] - Platinum and palladium are recommended for long - position on pullbacks [2] Group 2: Core Viewpoints - Overnight, precious metals showed strength, with gold and silver hitting new all - time highs. Trump's actions regarding Greenland and trade tariffs are causing the precious metals' upward trend to remain unchanged. However, if gold breaks through $5000 per ounce and silver breaks through $100 per ounce, beware of profit - taking and technical indicator repair [1] - From January 21st, the price fluctuations of platinum and palladium increased. After the volatility decline, the upward trend became clear again. The upward drive mainly comes from the macro - environment. Before the market liquidity tightens significantly, platinum and palladium should be mainly long - positioned on pullbacks [2] Group 3: Summary by Related Catalogs Economic Data - In November 2025, the annual rate of the US PCE price index grew by 2.8% (expected 2.7%), and the monthly rate grew by 0.2% (in line with expectations). The annual rate of the core PCE price index grew by 2.8%, and the monthly rate grew by 0.2% (in line with expectations). The number of initial jobless claims in the US for the week of January 17th was 200,000 (expected 210,000) [3] Greenland Situation - The Greenland pension fund is considering whether to continue investing in US stocks. Trump said the US doesn't need to pay for the acquisition of Greenland and will achieve "full access". If Europe sells US assets due to tariff threats, it will face major retaliation, and progress on the Greenland issue will be made in two weeks. Denmark is participating in the negotiation of the Greenland framework agreement. After Trump withdrew the tariff threat, the European Parliament plans to restart the vote on the US - EU trade agreement, but the US Commerce Secretary said the agreement is likely to be shelved [3] International Relations - Trump said his meeting with Zelensky was "very good". Zelensky said that Ukraine, the US, and Russia will hold a tri - party meeting in the UAE on the 23rd [3]