大越期货贵金属早报-20260319

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - Due to the escalation of the Middle - East situation and the hawkish stance of the Fed Chair, the US dollar strengthened, leading to significant drops in gold and silver prices. The US and European stock markets closed lower, and US Treasury yields rose across the board. The 10 - year US Treasury yield increased by 6.65 basis points to 4.267%, and the US dollar index rose 0.74% to 100.30. COMEX gold futures fell 3.68% to $4823.90 per ounce, and COMEX silver futures fell 5.63% to $75.42 per ounce. Inflation concerns are high, and the expectation of interest - rate cuts continues to cool, increasing the downward pressure on gold and silver prices [4][5] 3. Summary by Directory 3.1前日回顾 - Gold: The price dropped significantly due to the Middle - East situation and the Fed Chair's hawkish stance. The US stock and European stock markets closed lower, US Treasury yields rose, the US dollar strengthened, and the offshore RMB depreciated against the US dollar. COMEX gold futures fell 3.68%. The basis shows that the spot is at a discount to the futures, the inventory increased, the k - line is below the 20 - day moving average, and the main net long position decreased [4] - Silver: Similar to gold, the price dropped significantly. COMEX silver futures fell 5.63%. The basis shows that the spot is at a discount to the futures, the inventory decreased, the k - line is below the 20 - day moving average, and the main position changed from net short to net long [5] 3.2每日提示 - Today, focus on the interest - rate decisions of the Japanese, European, and British central banks, US new home sales in January, the first - time jobless claims last week, and the UK unemployment rate [4][5] 3.3今日关注 - 07:50 Japan's core machinery orders in January; 08:30 Australia's employment report in February; time TBD 2026 Huawei China Partners Conference; time TBD Bank of Japan's interest - rate decision; 14:30 Bank of Japan Governor Kazuo Ueda's press conference on monetary policy; 15:00 UK's three - month ILO employment change and unemployment rate in January; 16:30 Swiss National Bank's interest - rate decision; 16:30 Sveriges Riksbank's interest - rate decision and SNB President Thomas Jordan's press conference; 20:00 Bank of England's interest - rate decision; 20:30 US first - time jobless claims for the week ending March 14; 21:15 European Central Bank's interest - rate decision; 21:45 ECB President Christine Lagarde's press conference on monetary policy; 22:00 US new home sales in January; 23:15 Japanese Prime Minister Sanae Takaichi's visit to the US and meeting with US President Donald Trump, and they will have dinner together at 07:15 (Beijing time on Friday); next day 00:00 US household net worth in Q4; next day 05:45 New Zealand's imports, exports, and trade balance in February [12] 3.4基本面数据 - Gold: The basis is - 1.52, indicating the spot is at a discount to the futures (neutral); the inventory of gold futures is 106,845 kg, an increase of 1,530 kg (bearish) [4] - Silver: The basis is - 32, indicating the spot is at a discount to the futures (neutral); the inventory of Shanghai silver futures is 346,920 kg, a decrease of 6,843 kg (bullish) [5] 3.5持仓数据 - Gold: The main net position is long, but the main long position decreased [4] - Silver: The main net position is long, and the main position changed from net short to net long [5]