Core Viewpoint - The article discusses the rising trend of oil prices entering 2026, indicating that consumers should prepare for higher costs at the pump as domestic fuel prices are expected to increase significantly [1][3]. Price Trends - International oil prices have shown a steep upward trajectory, with Brent crude oil stabilizing above $65 per barrel and New York crude surpassing $61 per barrel [3]. - The current upward trend is characterized by a "three consecutive weeks of gains" pattern, temporarily sidelining previous predictions of a downward trend [3]. - Predictions suggest that when the price adjustment window opens on February 3, domestic gasoline and diesel prices are likely to increase by approximately 140 yuan per ton, translating to a rise of over 0.13 yuan per liter for both 92-octane gasoline and 0-diesel [3]. Regional Price Variations - The retail price of 92-octane gasoline across most provinces in China is currently hovering between 6.7 to 6.9 yuan per liter, with specific prices such as 6.77 yuan in Beijing and 6.90 yuan in Guizhou [5][6]. - Diesel prices have also risen, with the national average for 0-diesel reaching 6,000 yuan per ton in Northeast Shenyang and maintaining around 6.32 yuan per liter in Guangxi [5]. Market Dynamics - The fluctuations in oil prices are influenced by a complex interplay of geopolitical factors and global supply-demand fundamentals, leading to high volatility in the market [4][6]. - Recent market behavior has shown sharp declines followed by strong rebounds, reflecting the unpredictable nature of oil price movements [4]. Consumer Impact - The rising oil prices are expected to have a cumulative effect on various sectors, including commuting and logistics, ultimately impacting broader economic conditions [3][5]. - Understanding the underlying logic of oil price fluctuations may help consumers better plan their expenses and adapt to the new normal of high volatility [6].

深挖卡拉斯的履历坐标，会发现这场外交冲突的伏笔早已埋下。作为爱沙尼亚前总理，她自2024年11月就任欧盟外交与安全政策高级代表以来，便以"强 硬反俄"立场著称。在慕尼黑安全会议上，她曾直言"俄罗斯必须为其侵略行为付出代价"；在北约峰会上，她推动通过了对乌军援新方案。这种"鹰派"姿 态与莫斯科的"安全不可分割"理念形成尖锐对冲，使得双方对话基础在萌芽阶段便已动摇。 俄方此次采取的"非接触式外交"策略极具象征意义。通过明确划定"不可对话对象"名单，莫斯科不仅在战术层面切断了与特定人物的沟通渠道，更在战略 层面重构了俄欧互动的规则框架。这种"不接触即控制"的博弈逻辑，与冷战时期美苏之间的"有限接触"策略形成跨时空呼应。值得玩味的是，俄方特意强 调"美国人也不会与她对话"，这种双重否定既是对跨大西洋关系的微妙试探，也是对卡拉斯个人国际影响力的终极否定。 俄欧外交核爆！克里姆林宫断然封杀卡拉斯：一场没有硝烟的权力博弈如何改写欧洲地缘格局？ 【前言】"俄罗斯永远不会与卡娅·卡拉斯讨论任何事情。"佩斯科夫的声明如同冬日惊雷，瞬间撕裂了俄欧外交的脆弱平衡。这位欧盟外交掌舵人究竟触动 了莫斯科哪根敏感神经？一场看似突然的外交切 ...

| 国投真报 | | | 责金属日报 | | --- | --- | --- | --- | | | 操作评级 | | 2026年01月26日 | | 黄金 | ★☆☆ 白银 | ★☆★ | 刘冬博 高级分析师 | | 销 | ★☆☆ 紀 | ★☆☆ | F3062795 Z0015311 | | | | | 吴江 高级分析师 | | | | | F3085524 Z0016394 | | | | | 孙芳芳 中级分析师 | | | | | F03111330 Z0018905 | | | | | 010-58747784 | | | | | gtaxinstitute@essence.com.cn | 今日贵金属延续强势。2026年以来，围绕委内瑞拉、伊朗以及格陵兰岛的地缘事件纷至沓来，特朗普对于全 球秩序的挑战加剧政治经济前景不确定性。特朗普称已通过一项北约协议，将允许美国对格陵兰岛实现全面 准入。美国航母已抵达中东,伊朗官员称伊武装力量已进入全面戒备状态。全球局势动荡令贵金属重心抬升 趋势难改，后续金价具备继续向更高维度冲击的潜力。短期黄金、白银分别冲破5000美元/盎司和100美元/ 盘司整数关口后需 ...

身处这个充满不确定性的时代，意外与惊愕已经成了最常见的伴侣。现实的进程，往往以迅雷不及掩耳之势，撕碎了所有的预设与期望。人们变得越来越无 法把握明天的模样，不再确定究竟是顺理成章的日子会如期而至，还是突如其来的风暴将打破一切预兆。就在特朗普频频做出令人瞩目的举动，格陵兰岛问 题掀起新一轮波澜，俄乌冲突如同拉锯战般胶着不前，跨大西洋的盟友关系也悄然出现裂痕之际，全球的目光集中在华盛顿，而这个曾经的超级大国却在接 连遭遇着一系列让人揪心的突发事件。短短一天之内，美国便面临着三项棘手的挑战，这样错综复杂的局面，甚至让特朗普也难以掩饰内心的焦虑。 如果将视野拉宽，放眼更广阔的地缘政治图谱，会发现曾经象征霸权的美国权杖，如今在全球的舞台上频频出现了信号延迟和指令失灵的现象。中东的局势 就如同进入了风暴的核心，剧烈的动荡已使局势变得难以掌控。叙利亚的战场情势急转直下，美军的战略已经陷入深深的困局。曾经在这一地区游刃有余的 军事力量，如今却深陷泥潭，难以脱身。美国长期依赖的库尔德武装力量，如今已经四分五裂，指挥体系接近崩溃。根据美军中央司令部的通报，1月10 日，美方联合多国部队对叙利亚境内的伊斯兰国（ISIS）多个重要据 ...

【黄金期货行情表现】 1月26日，沪金主力暂报1143.32元/克，涨幅3.67%，今日沪金主力开盘价1113.00元/克，截至目前最高 1151.70元/克，最低1108.50元/克。 【宏观消息】 美发布国防战略报告，本土安全及其在西半球利益为最优先事项。另外，美军召集西半球34国将领，强 化反毒军事协作。②因明尼苏达州枪击致死事件，美参议院民主党誓言阻挠国土安全部拨款，政府停摆 风险再起。 美官员披露美航母打击群新动向：已抵达印度洋；伊朗官员称伊武装力量已进入全面戒备状态。②特朗 普表示，美国预计将获得对格陵兰岛上美军基地所在区域的"主权"，并称相关谈判"进展顺利"，"我们 会得到想要的一切"。据悉，这不涉及美国全面接管格陵兰，而是使包括皮图菲克太空基地在内的美军 设施成为美国主权控制区域。格陵兰方面已明确表示反对，称主权问题是"不可逾越的红线"。 美国1月一年期通胀率预期终值4%，预期4.2%，前值4.20%。美国1月密歇根大学消费者信心指数终值 56.4，预期54，前值54。美国1月标普全球服务业PMI初值52.5，预期52.8，前值52.5。美国1月标普全球 制造业PMI初值51.9，预期52，前 ...

Core Viewpoint - The silver market is currently influenced by geopolitical tensions and the direction of the Federal Reserve's monetary policy, with significant price movements observed recently. Group 1: Silver Price Movements - As of January 26, the spot silver price is trading at $109.61 per ounce, having opened at $104.32 and reaching a high of $110.06 and a low of $103.26 during the day [1][2] - The recent upward trend in silver prices is marked by breaking key resistance levels, including $96.00 and $100.00, indicating bullish momentum [5] Group 2: Geopolitical and Economic Influences - Tensions between the U.S. and Iran, as well as domestic unrest in the U.S. due to recent law enforcement actions, are contributing to the volatility in the silver market [3] - The upcoming Federal Reserve meeting on January 29 is expected to maintain interest rates, but future statements from Fed officials may influence market expectations [3] Group 3: Market Sentiment and Technical Analysis - Analysts suggest that the fundamentals for precious metals remain bullish, driven by healthy demand for reserves and a trend among market participants to diversify and reduce exposure to the dollar [4] - The MACD indicator shows bullish momentum, while the Relative Strength Index (RSI) is at 83.57, indicating overbought conditions, suggesting potential for a price correction but overall strong upward trend remains [5]

王爷说财经讯：彻底爆了！ 你敢信吗？就在刚刚过去的这个周末，国际白银市场简直像坐上了火箭！ 北京时间1月26日，亚盘交易时段，纽约期银价格像疯了一样，直接冲破107美元/盎司的大关，日内涨幅一度超过5%，盘中更是摸高到了109.22美元！这可 是历史新高啊！ 如果你还没反应过来这意味着什么，我给你算笔账：就在2025年初，银价还在30美元底下趴着，全年暴涨148%已经够吓人了，结果2026年开年不到一个 月，又涨了40%多！ 这到底是资本的狂欢，还是危机的前夜？白银不是黄金的"小弟"吗？怎么这次涨得比黄金还猛？咱们普通人现在冲进去，是能喝口汤，还是要站在高岗上吹 冷风？ 01、白银再创新高：突破109美元！ 注意了！这波行情背后的逻辑，已经变了！ 咱们先把时间线拉回来。以前大家看白银，觉得它是"穷人的黄金"，跟着黄金涨跌。但这次不一样，白银正在上演一出"蛇吞象"的大戏。 就在1月26日这天，国内银价也跟着疯涨，上海黄金交易所的现货白银报价飙到了25.65元/克，白银T+D更是冲到25651元/千克。 菜百、天乙这些金店的银价虽然还在23-24元徘徊，但回收价已经涨到了22元以上。 为什么涨这么凶？说白了就是三 ...

投资咨询业务资格：证监许可【2012】31号 【原油周报（SC)】 中东地缘局势升温，国际油价延续上涨势头 国贸期货 能源化工研究中心 2026-01-26 叶海文 从业资格证号：F3071622 投资咨询证号：Z0014205 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 01 PART ONE 主要观点及策略概述 原油:中东地缘局势升温，国际油价延续上涨势头 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给（中长期） | 中性 | （1）EIA：EIA继续小幅上调对2026年全球原油及相关液体产量预测，预计2026年全球原油及相关液体产量为10,765万桶/日，较2025年上升139万桶/ | | | | 日。(2)OPEC:2025年12月份OPEC国家原油产量为2856.4万桶/日，较2025年11月份上升10.5万桶/日；Non-OPEC DoC国家原油产量为1426.7万桶/日， | | | | 较2025年11月份下降34.3万桶/日。（3）IEA：2025年12月份OPEC国家原油产量为2882 ...

Report Summary 1. Investment Ratings - Not provided in the report. 2. Core Views - The international geopolitical situation is rapidly changing, with the US - EU relationship facing a significant rift. Europe is promoting "technological sovereignty" and "sovereign cloud" strategies to reduce dependence on US tech giants, which may reshape the trans - Atlantic digital trade pattern [6]. - In the futures market, the "spring rally" in the stock index futures is ongoing, with positive policy expectations, a rising RMB exchange rate, and a strengthened re - inflation expectation. However, the withdrawal of rescue funds has led to a significant divergence in the market, which is expected to converge later [7][8]. - For various commodities, their trends are affected by different factors such as geopolitical conflicts, supply - demand relationships, and market sentiment. For example, fuel oil prices are influenced by geopolitical conflicts and supply - demand fundamentals; precious metals like gold and silver are showing strong trends; base metals such as copper and zinc are also affected by macro - economic data and industry news [10][15][19]. 3. Summary by Related Catalogs Geopolitical Situation - The US - EU relationship has deeply split due to issues like Greenland. Europe is promoting "technological sovereignty" and "sovereign cloud" strategies to reduce dependence on US tech giants, which account for 83% of the European market [6]. Stock Index Futures - The "spring rally" is in progress, with positive policy expectations, a rising RMB exchange rate, and a strengthened re - inflation expectation. The withdrawal of rescue funds has led to a significant divergence in the market, which is expected to converge later. Attention should be paid to the Fed's interest - rate meeting and the appointment of the next Fed chairman [7][8]. Commodities - **Precious Metals**: Gold has reached a new high, and silver is approaching 100. Their trends are affected by factors such as geopolitical conflicts and exchange - rate fluctuations [15]. - **Base Metals**: - **Copper**: The price is strengthening due to increased disturbances in copper mines. The macro - economic data of the US and the EU, as well as industry news such as strikes and production cuts, have an impact on the copper market [19]. - **Zinc**: It is running strongly, influenced by factors such as inventory changes and macro - economic data [22]. - **Lead**: The decrease in LME inventory supports the price [25]. - **Tin**: It is oscillating strongly, with significant increases in both futures and spot prices [29]. - **Aluminum**: It is oscillating strongly, while alumina is consolidating at the bottom, and cast aluminum alloy follows the trend of electrolytic aluminum [32]. - **Platinum and Palladium**: Platinum is rising strongly, and palladium should be vigilant about the supplementary increase momentum [34]. - **Nickel and Stainless Steel**: The situation in Indonesia is uncertain, affecting the nickel and stainless - steel markets. The price of stainless steel is supported by the increase in nickel - iron prices [39]. - **Energy and Chemicals**: - **Carbonate Lithium**: It is oscillating at a high level, supported by strong current fundamentals [45]. - **Industrial Silicon and Polysilicon**: Industrial silicon is oscillating strongly due to upstream factory production cuts, and attention should be paid to the spot trading situation of polysilicon [50]. - **Steel Products**: Rebar and hot - rolled coils are oscillating widely due to sector sentiment resonance [53]. - **Ferroalloys**: Manganese silicon and ferrosilicon are oscillating widely due to sector sentiment resonance [57]. - **Coking Coal and Coke**: They are oscillating within a range, affected by industry and capital factors [61][62]. - **Power Coal**: Supply and demand are both weak, and the price is fluctuating narrowly in the short term [66]. - **PX, PTA, and MEG**: They have a strong unilateral trend, affected by factors such as supply - demand relationships, processing fees, and market sentiment [68][74][75][76]. - **Rubber**: It is oscillating, affected by factors such as supply - demand relationships and cost support [78]. - **Synthetic Rubber**: It is running strongly, but attention should be paid to marginal valuation pressure [82]. - **LLDPE and PP**: Their trends are weak, affected by factors such as supply - demand relationships, cost, and market sentiment [85][88]. - **Caustic Soda**: It is oscillating at a low level, affected by factors such as cost decline and supply - demand collapse [91]. - **Paper Pulp**: It is oscillating, affected by factors such as downstream demand and inventory pressure [96]. - **Glass**: The price of the original sheet is stable, and the market demand is coming to an end [103]. - **Methanol**: It is oscillating with support, affected by factors such as geopolitical conflicts and inventory expectations [107]. - **Urea**: The price center is slowly rising, affected by factors such as market sentiment and supply - demand relationships [112]. - **Styrene**: It is oscillating strongly, but attention should be paid to the high - inventory situation and the restart of parking devices [115]. - **Soda Ash**: The spot market has little change, and the price is weakly stable and oscillating [118]. - **LPG and Propylene**: They are running strongly in the short term, affected by factors such as geopolitical disturbances and supply - demand relationships [123]. - **PVC**: It is oscillating within a range, affected by factors such as supply - demand relationships and market sentiment [133]. - **Fuel Oil and Low - Sulfur Fuel Oil**: Fuel oil is rising strongly, and low - sulfur fuel oil continues its upward trend [136]. - **Container Shipping Index (European Line)**: It is in an oscillating market, and short positions in the 04 contract should be gradually reduced for observation, while short positions in the 10 contract can be held as appropriate [138]. - **Agricultural Products**: - **Short Fiber and Bottle Chip**: They have a strong short - term trend, affected by factors such as raw material prices and market sentiment [149]. - **Offset Printing Paper**: It is advisable to wait and see, affected by factors such as supply - demand relationships and cost - profit situations [152]. - **Pure Benzene**: It is oscillating strongly, affected by factors such as inventory changes and market sentiment [156]. - **Palm Oil and Soybean Oil**: Palm oil is oscillating strongly in the short term, and the oil - meal ratio of soybean oil is rising [159]. - **Soybean Meal and Soybean**: Soybean meal may follow the oscillation of US soybeans, and the spot price of soybeans is stable with a rebound in the futures market [164]. - **Corn**: It is oscillating strongly, affected by factors such as supply - demand relationships and price fluctuations [167]. - **Sugar**: It is consolidating at a low level, affected by factors such as global supply - demand relationships and import policies [171]. - **Cotton**: It is oscillating strongly, affected by factors such as domestic and international supply - demand relationships and export data [176]. - **Eggs**: The spot price is strong before the Spring Festival, affected by factors such as supply - demand relationships and feed prices [181]. - **Hogs**: After the demand expectation for the Laba Festival is fulfilled, attention should be paid to the supply contradiction [184]. - **Peanuts**: It is oscillating, affected by factors such as supply - demand relationships and spot prices [188].

今日周一(1月26日)亚盘时段，黄金期货目前交投于1146.74附近，截至发稿，黄金期货暂1142.36元/克， 涨幅3.58%，最高触及1147.00元/克，最低下探1108.50元/克。目前来看，黄金期货短线偏向看涨走势。 值得注意的是，这一议题已突破党派壁垒。绿党财政发言人卡特琳娜·贝克也公开声援，称黄金是"稳定 与信任的锚点"，不应沦为地缘政治的棋子。 在特朗普对盟友言辞日趋强硬的背景下，基民盟内部亦有越来越多声音倾向支持转移黄金。杜塞尔多夫 大学教授乌尔丽克·奈尔总结道："美国已不再是一个可靠的伙伴。"这场关于黄金的争论，实质上是对 欧美互信基石的一次严峻考验。 【最新黄金期货行情解析】 沪金期货随国际金价延续强劲上涨趋势，周一开盘后进一步走强。技术面上，均线系统呈现典型的多头 排列格局，为价格提供了稳固支撑。日线级别上，布林带向上开口，价格沿上轨运行，显示上涨动能充 足，同时MACD指标也维持金叉状态。 打开APP，查看更多高清行情>> 【要闻速递】 作为全球第二大官方黄金储备国，德国目前约有1236吨(价值约1640亿欧元)的黄金沉睡在纽约联储的金 库中。然而，随着地缘政治格局的动荡，这笔巨额财 ...