大越期货贵金属早报-20260318

Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - For gold, the Middle - East situation remains tense, the market awaits the Fed's interest - rate decision, the dollar has declined, and gold prices are oscillating. The decline of the dollar eases the downward pressure on gold prices. Attention should be paid to the Fed's meeting dot - plot forecast and Powell's press conference [4]. - For silver, the Middle - East situation is still in a stalemate, the market is waiting for the Fed's interest - rate decision, the dollar has fallen, and silver prices have dropped. The decline of the dollar reduces the downward pressure on silver prices, and the Fed's meeting should be monitored [5]. 3. Summary by Relevant Catalogs 3.1. Previous Day Review - Gold: COMEX gold futures rose 0.18% to $5011.30 per ounce, the dollar index fell 0.25% to 99.56, and the 10 - year US Treasury yield dropped 2.14 basis points to 4.199%. The gold futures basis was - 1.5, with the spot price at a discount to the futures price. Gold futures warehouse receipts decreased by 102 kilograms to 105315 kilograms. The main force's net long position increased [4]. - Silver: COMEX silver futures fell 1.51% to $79.46 per ounce, the dollar index fell 0.25% to 99.56, and the 10 - year US Treasury yield dropped 2.14 basis points to 4.199%. The silver futures basis was - 70, with the spot price at a discount to the futures price. Shanghai silver futures warehouse receipts increased by 23055 kilograms to 353763 kilograms. The main force's net long position changed from short to long [5]. 3.2. Daily Tips - Today's key events include the Fed's interest - rate decision and Powell's speech, the US February CPI, and the final value of the Eurozone's February CPI. Iran is reported to have increased attacks on Middle - East energy facilities, leading to a rebound in crude oil prices [4][5]. 3.3. Today's Focus - 07:50 Japan's February merchandise trade balance and imports and exports - 18:00 Final value of the Eurozone's February CPI - 20:30 US February PPI - 21:45 The Bank of Canada announces its interest - rate decision - 22:00 US January factory orders and the final value of January durable goods orders - 22:30 The Bank of Canada's Governor Macklem and Senior Deputy Governor Rogers hold a monetary - policy press conference - Next day 02:00 The Fed releases the FOMC interest - rate decision statement and the economic outlook summary (SEP) - Next day 02:30 Fed Chairman Powell holds a regular press conference - Next day 04:00 US January long - term capital flows - Next day 05:30 The Central Bank of Brazil announces its interest - rate decision - Next day 05:45 New Zealand's Q4 GDP [12] 3.4. Fundamental Data - Gold: The fundamental situation is neutral. The Middle - East situation is tense, the market is waiting for the Fed's interest - rate decision, the dollar has declined, and gold prices are oscillating. The basis is neutral, the inventory is bearish, the disk is neutral, and the main - force position is bullish [4]. - Silver: The fundamental situation is neutral. The Middle - East situation is tense, the market is waiting for the Fed's interest - rate decision, the dollar has declined, and silver prices have dropped. The basis is neutral, the inventory is bullish, the disk is neutral, and the main - force position is bullish [5]. 3.5. Position Data - Gold: The net long position of the top 20 holders in Shanghai gold decreased by 3.96% on March 17 compared with March 16. The long - position volume decreased by 2.51%, and the short - position volume increased by 1.71% [38]. - Silver: The net long position of the top 20 holders in Shanghai silver increased by 57.64% on March 17 compared with March 16. The long - position volume decreased by 1.23%, and the short - position volume decreased by 1.85% [40]