贵金属数据日报-20260206

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - In the short - term before the Spring Festival, market funds may be cautious, and precious metal prices are expected to enter a range - bound trend. In the long - term, the underlying logic of the precious metal bull market remains strong. With the probability of the Fed cutting interest rates this year, continuous global geopolitical uncertainties, and the US huge debt promoting the de - dollarization wave, the allocation demand of global central banks, institutions, and residents is expected to continue, and the price center of precious metals still has room to rise, providing good long - term allocation opportunities after stabilization [5] Group 3: Summary by Related Catalogs 1. Price Tracking - 内外盘金银行情 - On February 5, 2026, London gold spot was $4920.10/ounce, London silver spot was $78.45/ounce, COMEX gold was $4939.00/ounce, COMEX silver was $78.05/ounce, AU2602 was 1109.10 yuan/gram, AG2602 was 19490.00 yuan/kilogram, AU (T + D) was 1104.80 yuan/gram, and AG (T + D) was 19800.00 yuan/kilogram. Compared with February 4, 2026, the price of gold and silver decreased, with gold down about 3.1% and silver down about 12.5% - 12.7% [4] - On February 5, 2026, the Shanghai gold futures main contract closed down 1.35% to 1105.76 yuan/gram, and the Shanghai silver futures main contract closed down 10.85% to 20255 yuan/kilogram [4] - 价差/比价情况 - On February 5, 2026, the gold TD - SHFE active price difference was - 4.3 yuan/gram, the silver TD - SHFE active price difference was 310 yuan/kilogram, the gold internal - external price difference (TD - London) was 4.31 yuan/gram, the silver internal - external price difference (TD - London) was - 26 yuan/kilogram, the SHFE gold - silver main ratio was 56.91, the COMEX gold - silver main ratio was 63.28, AU2604 - 2602 was 3.34 yuan/gram, and AG2604 - 2602 was - 765 yuan/kilogram. Compared with February 4, 2026, the price difference and ratio changed, with the gold TD - SHFE active price difference down 40.4%, the silver TD - SHFE active price difference up 17.9%, etc. [4] 2. Position Data - As of February 4, 2026, the gold ETF - SPDR was 1081.95 tons, the silver ETF - SLV was 16370.05273 tons. For COMEX gold non - commercial positions, the long position was 252100 contracts, the short position was 46704 contracts, and the net long position was 205396 contracts. For COMEX silver non - commercial positions, the long position was 43475 contracts, the short position was 19772 contracts, and the net long position was 23703 contracts. Compared with February 3, 2026, the positions changed, with the gold ETF - SPDR down 0.13%, the silver ETF - SLV down 0.41%, etc. [4] 3. Inventory Data - On February 5, 2026, the SHFE gold inventory was 104052.00 kilograms, and the SHFE silver inventory was 412459.00 kilograms. On February 4, 2026, the COMEX gold inventory was 35691231 troy ounces, and the COMEX silver inventory was 400790911 troy ounces. Compared with the previous day, the SHFE gold inventory increased by 0.99%, the SHFE silver inventory decreased by 2.55%, the COMEX gold inventory decreased by 0.18%, and the COMEX silver inventory decreased by 0.76% [4] 4. Interest Rate/Exchange Rate/Stock Market - On February 5, 2026, the US dollar/Chinese yuan central parity rate was 6.96. On February 4, 2026, the US dollar index was 97.65, the 2 - year US Treasury yield was 3.57%, the 10 - year US Treasury yield was 4.29%, the VIX was 18.64, the S&P 500 was 6882.72, and the NYWEX crude oil was 64.47. Compared with the previous day, the US dollar/Chinese yuan central parity rate increased by 0.05%, the US dollar index increased by 0.27%, etc. [4]