坚定的力量，贵金属夜盘刷新高点：申万期货早间评论-20260123

Group 1 - The article discusses the recent geopolitical tensions and their impact on various commodities, particularly precious metals and oil [1][3][11] - Precious metals, including gold and silver, have reached historical highs due to weakened dollar credibility and increased central bank purchases, particularly Poland's plan to buy 150 tons of gold [3][17] - The U.S. crude oil production has decreased slightly, with an average of 13.732 million barrels per day, while geopolitical developments in Iran and Venezuela are influencing market dynamics [2][11] Group 2 - The article highlights the performance of key commodities, noting that synthetic rubber prices have surged, while natural rubber is expected to remain strong due to supply constraints [2][13] - The U.S. economy shows signs of growth, with a GDP growth rate of 4.4% for Q3 2025, and inflation indicators are aligning with expectations, suggesting a stable economic environment [5] - The People's Bank of China is set to inject 900 billion yuan through MLF operations, indicating a continued effort to support liquidity in the domestic market [6]