Core Insights - Spot gold increased by 1.26%, reaching a historical high of $4261.15 per ounce [1] - Spot silver rose by 0.87%, priced at $53.42 per ounce [1] Group 1 - The rise in spot gold prices indicates strong demand and potential investor interest in safe-haven assets [1] - The increase in spot silver prices suggests a similar trend in the precious metals market, reflecting broader economic conditions [1]

Report Investment Ratings - Gold: ★☆★, indicating a short - term multi/empty trend in a relatively balanced state with poor operability on the current market, suggesting a wait - and - see approach [1] - Silver: ★☆☆, representing a bullish bias, with a driving force for an upward trend but poor operability on the market [1] Core Viewpoints - Overnight, gold and silver continued to be strong with large intraday fluctuations. The US government shutdown and tariff frictions increased market uncertainty, and the approaching end of the Fed's balance - sheet reduction strengthened the expectation of monetary easing. The medium - to - long - term upward logic of precious metals is solid, but in the short term, the rising speed of gold and silver is too fast, with obvious overbought signs on the disk and high volatility risks, so it is advisable to wait and see [1] - Fed Governor Milan called for an accelerated pace of interest - rate cuts, but the (single) rate - cut amplitude should not exceed 50BP, and he said that two more rate cuts this year are realistic; apart from gold, there is no risk premium in the market [1] Other Summaries US Economic Situation - The Federal Reserve said that US economic activity has changed little in recent weeks, and the employment level has generally remained stable. Overall consumer spending has declined slightly, while prices continue to rise, and several Fed districts reported an accelerated increase in input costs. The cost increase caused by tariffs has been reported in many districts, but the degree of transmission of these higher costs to final prices varies [2] International Events - The Trump administration authorized the CIA to conduct secret operations in Venezuela, and Trump confirmed this news. Trump threatened that if Hamas does not abide by the cease - fire agreement, Israel will resume operations at his order [2]

1. Report Industry Investment Rating - No information provided in the document. 2. Core View of the Report - Uncertainties in Sino - US trade, concerns about the weakening US employment market, the Fed's potential future interest - rate cuts and possible halt to balance - sheet reduction, the unresolved US federal government shutdown crisis, uncertainties about mutual tariff imposition between China and the US, the expansion of fiscal deficits in many countries, geopolitical risks in regions like Russia - Ukraine and the Middle East, and continuous gold purchases by central banks of many countries will support precious metal prices in the medium and long term [1]. 3. Summary by Relevant Content 3.1 Precious Metal Market Data 3.1.1 Gold - Shanghai Gold: The closing price was 958.50 yuan/gram, with a change of 18.55 yuan compared to a previous period; trading volume was 55,176.00, and the position volume was 234,136.00 [1]. - Spot Shanghai Gold T + D: The trading volume was 55,176.00, and the position volume was 234,136.00 [1]. - COMEX Gold Futures: The closing price was 4007.90, the trading volume was 301,947.00, and the position volume was 370,287.00; inventory was 39,285,218.72 troy ounces [1]. - London Gold Spot: The price was 4204.60 US dollars/ounce; SPDR Gold ETF holdings were 1013.15, and iShare Gold ETF holdings were 487.42 [1]. 3.1.2 Silver - Shanghai Silver: The closing price was 11,961.00 yuan/ten grams, the trading volume was 2,421,975.00, and the position volume was 10,117.00; inventory was 1,030,429.00 (in ten - gram units) [1]. - Spot Shanghai Silver T + D: The trading volume was 1,699,552.00, and the position volume was 452,782.00 [1]. - COMEX Silver Futures: The closing price was 52.53, the trading volume was 21,002.00, and the position volume was 126,571.00; inventory was 515,632,550.48 troy ounces [1]. - London Silver Spot: The price was 52.59 US dollars/ounce; US iShare Silver ETF holdings were 15,422.61 [1]. 3.2 Important Information - The US court temporarily prohibited Trump from large - scale layoffs during the government shutdown, and earlier, the White House "steward" said that government layoffs during the shutdown could exceed 10,000. Trump - appointed Fed governor Milan said that trade uncertainties made interest - rate cuts more urgent [1]. - The Fed's Beige Book showed that US economic activity had changed little since the last report in early September, tariffs had pushed up prices, and consumers had felt the impact [1]. 3.3 Trading Strategy - It is advisable to mainly lay out long positions after price corrections. For London Gold, pay attention to the support level around 3600 - 3800 and the resistance level around 4383 - 4778; for Shanghai Gold, the support level is around 790 - 810 and the resistance level is around 1000 - 1100. For London Silver, the support level is around 40 - 47 and the resistance level is around 57 - 68; for Shanghai Silver, the support level is around 9000 - 11000 and the resistance level is around 13000 - 14800 [1].

| Milli | 国控期货 | 贵金属日报 | | --- | --- | --- | | | 操作评级 | 2025年10月16日 | | 黄金 | ★☆★ | 刘冬博 高级分析师 | | 白银 | ★☆☆ | F3062795 Z0015311 | | | | 吴江 高级分析师 | | | | F3085524 Z0016394 | | | | 010-58747784 gtaxinstitute@essence.com.cn | 隔夜金银延续强势,日内维持较大波动。美国政府停摆与关税摩擦加剧市场不确定性,美联储缩表进入尾声 强化货币宽松预期。贵金属中长期上行逻辑稳固,但短期金银涨速过快，盘面超买迹象明显,波动风险较 大，观望为主。 ★美联储理事米兰呼吁加快降息步伐,但（单次）降息幅度无需超过50BP，其称今年再降息两次是观实的; 除了黄金，看不到市场中已包含风险溢价。 ★美国联邦储备委员会表示，近几周美国经济活动变化不大，就业水平总体保持稳定。根据美联储周三发布 的对各联储辖区商业联络人所作调查的褐皮书报告，整体消费者支出小幅回落。与此同时，价格继续上涨， 几个联储辖区报告投入成本上升速度加快。美联储 ...

来源：白银网 •交易员押注美联储降息，金价试图收于4200美元上方。 •白银测试53.40-53.60美元阻力位。 •铂金再次尝试收于1680美元上方。 白银 银价再次尝试收于阻力位53.40-53.60美元上方，但失去了动力，并从日高回落。 如果突破53.60美元的水平，将为测试重要的心理水平55.00美元开辟道路。 黄金 由于交易员押注美联储会持鸽派立场，纷纷增加贵金属头寸，金价屡创新高。 如果金价保持在4170-4180美元阻力位之上，则将向4200美元水平前进。 截止北京时间09:40，华通现货白银定盘价报12108元。 美国时间10月15日，全球最大白银ETF——iShares Silver Trust的白银持仓量为15422.61吨，较前一交易日减少310.48吨。全球最大黄金 ETF—SPDR GOLD TRUST的黄金持仓量为1022.6吨，较前一交易日增加1.15吨 白银网 铂金 在贵金属需求上升的背景下，铂金上涨了一些。相对强弱指标仍处于中等水平，因此短期内有足够的空间获得上行动力。 如果铂金突破1680美元水平，则将向最近的阻力位1730-1735美元区间移动。 ...

Core Viewpoint - The price of spot gold has risen significantly, breaking the $4220 per ounce mark, with a total increase of $200 this week, indicating strong market demand and investment interest in precious metals [1][4]. Price Movement - As of October 16, the international spot gold price reached $4220.04 per ounce, reflecting a daily increase of $12.08 or 0.29% [2]. - The price of silver has also surged, leading to increased buying activity in the market, particularly in Shenzhen's Shui Bei market, where silver sales have reportedly skyrocketed [4][6]. Market Sentiment - There is a growing "buy the dip" sentiment among investors, with discussions about gold and silver trending on social media platforms [4]. - Retail investors are increasingly purchasing silver due to its perceived value compared to gold, with reports of significant quantities being sold in the market [4][6]. Investment Risks and Bank Responses - Several banks, including Industrial and Commercial Bank of China and China Construction Bank, have raised the investment thresholds for precious metals and issued risk warnings due to increased market volatility [7][10]. - Investors are advised to diversify their investments and consider their financial situation and risk tolerance when investing in precious metals [7][13]. Future Outlook - Analysts suggest that upcoming events, such as the Federal Reserve's interest rate decision and global tariff risks, may lead to increased price volatility in the precious metals market [6][13]. - Goldman Sachs anticipates a gradual recovery in silver liquidity, but warns that silver prices are more susceptible to market fluctuations compared to gold, indicating higher volatility and downside risks in the short term [13].

近日，中国银行、工商银行等多家银行纷纷发布公告，调高积存金购买门槛，幅度从100元至150元不 等。这背后是金价自8月底以来的猛涨。世界黄金协会数据显示，前三季度，金价累计涨幅达47%。进 入10月，现货金价更是接连突破4000美元/盎司、4100美元/盎司和4200美元/盎司三个大关。 专家建议，普通投资者在投资黄金时可分批操作，同时可关注黄金ETF，此外应合理控制杠杆使用。对 于将目光瞄向白银的部分投资者，专家表示，可根据自己的实际需求，审慎决策，多元化配置资产。 多家银行上调积存金起购门槛 近日，中国银行发布公告称，于10月15日起调整积存金产品的购买条件：按金额购买积存金产品或创建 积存定投计划时，最小购买金额由850元调整为950元，追加购买金额维持200元整数倍不变。已在执行 中的定投计划不受影响。 工商银行也发布公告称，自10月13日起，该行如意金积存业务最低投资额（即积存起点金额）由850元 上调至1000元；按克数积存的积存起点仍为1克。 工商银行还发布关于防范贵金属价格波动风险的提示，建议投资者关注市场变化，提高风险防范意识， 基于财务状况和风险承受能力购买黄金，同时注意分散配置，避免单一 ...

今日金价 今日国内主要金饰品价格依然"居高不下"，周大福、周大生克金1247元，相比于昨日上涨0.97%；老凤祥、周生生克金1245元，分别上涨1.22%、0.97%； 周六福克金1171元，上涨0.95%。 今日上午10时许，在华采天地的老凤祥专柜，为了吸引消费者购买黄金，克金标价为1165元，每克比当日金价便宜80元，相当于给了7%的折扣。金价高 位，阻挡了消费者的购金热情。现场除了柜姐，鲜有消费者前来询价购物。 记者注意到，10月15日，黄金价格再次刷新历史新高。15日下午3点，COMEX黄金突破4200美元/盎司大关，伦敦现货黄金首次突破4190美元关口，最高 触及4193美元/盎司，最高涨幅1.24%。年内累计上涨超1500美元，涨幅近60%。 国投期货表示，由于外部地缘因素加剧不确定性。贵金属中长期上行逻辑稳固，价格运行重心抬升趋势将会延续。不过，短期金价涨速过快，盘面超买迹 象明显，波动风险较大，提醒投资者注意风险。 扬子晚报网10月16日讯（记者 范晓林 薄云峰 实习生 潘伊笑）截至记者发稿时，10月16日现货黄金突破4240美元/盎司，日内涨0.75%。 | 最高度的 | | 贵金属现货 | ...

据智通财经报道，10月16日，现货黄金周四早盘升破4220美元/盎司，连续4个交易日创下新高，本周累涨200美元。 | 黄金交易品种 涨跌 幅度 报价时间 | 今日价格 | | --- | --- | | 国际现货黄金 4220.04美元/盎司 12.08 0.29% 08:26:21 | | | 国际现货黄金 2.77 0.07% 08:26:21 | 966.86元/克 | | 1美元等于7.1262人民币,1盎司黄金=31.10348克黄金。 | | "越涨越买"情绪升温 多家银行提示贵金属投资风险 当金银价格"比翼齐飞"，"越涨越买"的投资情绪也不断升温。"黄金""白银"词条屡次登上热搜榜单，社交平台上关于投资金银的讨论热烈，网友纷纷晒出 自己投资金条银条、黄金ETF的经历。 记者了解到，国庆中秋假期一过，全国最大的黄金珠宝集散地——深圳水贝市场便开启了一轮"囤银"热。 "这几天卖白银卖疯了！"档口商家阿娟（化名）告诉记者，金价一直高位上涨，他们便把目光转向性价比更高的白银，"买的人很多，每晚有几十吨的银 料运到水贝。" 因此，多家银行近期调高贵金属投资门槛，并发布风险提示，部分机构也对贵金属的短期走 ...

智通财经10月16日电，现货黄金周四早盘升破4220美元/盎司，连续4个交易日创下新高，本周累涨200美元。 | 黄金交易品种 | 今日价格 | 涨跌 幅度 报价时间 | | --- | --- | --- | | 国际现货黄金 4220.04美元/盎司 12.08 0.29% 08:26:21 | | | | 国际现货黄金 | 966.86元/克 | 2.77 0.07% 08:26:21 | | 1美元等于7.1262人民币,1盎司黄金=31.10348克黄金。 | | | "越涨越买"情绪升温 多家银行提示贵金属投资风险 当金银价格"比翼齐飞"，"越涨越买"的投资情绪也不断升温。"黄金""白银"词条屡次登上热搜榜单，社交平台上关于投资金银的讨论热烈，网友纷纷晒出 自己投资金条银条、黄金ETF的经历。 记者了解到，国庆中秋假期一过，全国最大的黄金珠宝集散地——深圳水贝市场便开启了一轮"囤银"热。 "这几天卖白银卖疯了！"档口商家阿娟（化名）告诉记者，金价一直高位上涨，他们便把目光转向性价比更高的白银，"买的人很多，每晚有几十吨的银 料运到水贝。" 10月13日摄于深圳水贝市场 "现在白银原料进货价不但要比 ...