黄金：地缘政治冲突爆发；白银：关注流动性收缩

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The report tracks the fundamentals of precious metals, including price, trading volume, position, inventory, and price spreads, and also provides macro and industry news [2] Group 3: Summary Based on Relevant Catalogs Precious Metals Fundamental Data - Price: - Gold:沪金2602 closed at 1,153.06 with a daily decline of 2.45%, and its night - session price was 1144.20 with a decline of 0.22%; Comex黄金2602 closed at 5151.60 with a rise of 1.02% [2] - Silver:沪银2602 closed at 21854 with a rise of 0.86%, and its night - session price was 21546.00 with a rise of 1.53%; Comex白银2602 closed at 83.765 with a rise of 1.78% [2] - Trading Volume and Position: - Gold:沪金2602 had a trading volume of 418,498, an increase of 25,719 from the previous day, and a position of 126,419, a decrease of 13,351; Comex黄金2602 had a trading volume of 135,880, a decrease of 123,812, and a position of 270,147, a decrease of 4,316 [2] - Silver:沪银2602 had a trading volume of 526,514, a decrease of 187,374, and a position of 150,089, a decrease of 11,077; Comex白银2602 had a trading volume of 44,443, a decrease of 52,679, and a position of 77,647, unchanged [2] - Inventory: - Gold:沪金 inventory was 105,033 kg, a decrease of 27 kg; Comex黄金 inventory (previous day) was 33,071,598 troy ounces, a decrease of 99,538 [2] - Silver:沪银 inventory was 294,823 kg, a decrease of 12,661 kg; Comex白银 inventory (previous day) was 355,173,837 troy ounces, a decrease of 2,391,537 [2] - Price Spreads: - Gold: The spread between 黄金T+D and AU2602 was - 0.11, unchanged; the cost of buying December and selling June cross - period arbitrage of 沪金 was 4.77, a decrease of 0.87 [2] - Silver: The spread between 白银T+D and AG2602 was 218, a decrease of 261; the cost of buying December and selling June cross - period arbitrage of 沪银 was 73.41, a decrease of 11.3 [2] Macro and Industry News - Trump mentioned that the war would end soon, causing US oil prices to fall more than 10% after rising more than 30% during the session, and US stocks to rebound, with the Nasdaq rising more than 1% and the chip index rising nearly 4% [2] - Trump said that the US military action against Iran would "soon" end but not this week, and would lift some sanctions to stabilize international oil prices [5] - After the G7 meeting, it was stated that oil reserves would not be released for the time being, but they were "ready at any time" to take necessary measures to support global energy supply; the US supported the G7 to release 300 - 400 million barrels of oil reserves [5] - Middle East "production halt" data: production has been cut by 2 million barrels per day and will exceed 4 million barrels per day before Friday [5] - China's February CPI year - on - year increase expanded to 1.3%, the highest growth rate in nearly three years, and PPI year - on - year decline continued to narrow to 0.9% [4] - CATL's Q4 revenue increased 36.6% year - on - year, and net profit attributable to shareholders increased 57.1% year - on - year, the largest increase in two and a half years, and it plans to distribute 31.5 billion yuan for the whole year [4] Trend Intensity - Gold trend intensity: - 1; Silver trend intensity: - 1 [4]