Group 1 - The weakening of the US dollar raises concerns about its impact on the purchasing power of American businesses and consumers, potentially leading to higher inflation [1][3] - Trump argues that a weaker currency benefits industries he aims to develop, particularly manufacturing, oil, and gas, as it allows US multinational companies to report stronger earnings when converting overseas revenue back to a depreciated dollar [3] - The dollar has recently fallen to its lowest level in nearly four years, exacerbated by Trump's comments and his administration's trade policies, which have contributed to a narrative of "selling off US debt" [3][4] Group 2 - Trump's trade war has diminished the influence of the US dollar as the world's reserve currency, compounded by broader foreign policy actions that have not been beneficial [4] - Concerns about the independence of the Federal Reserve and significant increases in public spending have led to doubts about Congress's ability to reach a budget agreement, raising uncertainty in economic policy [4] - Recent consumer confidence data indicates a significant shift towards negative sentiment, with market strategies reflecting increased uncertainty and a reluctance to invest in the dollar [4]

当地时间1月27日，美国总统特朗普在接受媒体采访时，被问及是否担心美元贬值。 他轻松回应："不，我觉得很好，美元表现很棒。 我可以让它像悠悠球 一样上上下下。 "这番话瞬间引爆市场，美元指数当日暴跌0.84%，收于96，随后进一步跌至95，创下2022年2月以来的近四年新低。 与此同时，伦敦现货黄金价格突破5000美元/盎司大关，1月26日盘中一度冲至5111美元，年内涨幅超过17%。 这场美元与黄金的极端分化，标志着全球货币 体系的信任基石正在发生根本性重构。 2025年全年，美元累计跌幅超过9%，创下自2017年以来最差表现。 进入2026年，美元继续遭遇抛售，表现逊于欧元、英镑等主要货币。 1月26日，欧元兑 美元自2021年以来首次站上1.20关口，英镑兑美元升至1.3869，均为四年新高。 美元疲软的背后是多重风险的叠加。 特朗普上任后推行的"对等关税"政策、攻击美联储独立性等行为，加剧了市场对美国政策连贯性的质疑。 英国皇家伦 敦资产管理公司跨资产投资主管Trevor Greetham指出，黄金走强与美元走弱直接反映了市场对特朗普"混乱、即兴式"政策的担忧。 同时，美国联邦政府面临再度"停摆"的风 ...

Group 1 - The current trading price of silver TD is above 29,645, with an opening price of 29,018 yuan/kg and a current price of 29,949 yuan/kg, reflecting a 3.20% increase [1] - The highest price reached today is 30,280 yuan/kg, while the lowest was 28,750 yuan/kg, indicating a short-term oscillating trend in silver TD [1] - The analysis shows that silver TD has experienced a continuous upward trend for five consecutive days, with a significant increase of over 1% yesterday [3] Group 2 - ADP's chief economist, Nela Richardson, describes the depreciation of the dollar as a "double-edged sword," enhancing the competitiveness of U.S. exports but complicating market confidence due to domestic economic challenges [2] - Richardson emphasizes that the weak dollar signifies cracks in the economic narrative, despite strong overall data such as unemployment rates and economic growth [2] - The analysis of silver TD indicates a bullish trend, with support levels noted between 27,500 and 28,500, and resistance levels between 30,500 and 31,000 [3]

Group 1 - The core viewpoint of the articles is that the US dollar is experiencing a significant decline, with the dollar index dropping to around 95.5, marking a four-year low, driven by increasing investor distrust in the US government's political and economic policies [2][5][6] - The dollar's depreciation is reflected in its exchange rates against major currencies, such as the euro, Swiss franc, and British pound, reaching levels not seen in several years [4][5] - Market sentiment indicates that the trend of dollar depreciation is likely to continue, with investors increasingly wary of the US government's unpredictable economic policies [5][6] Group 2 - The decline in the dollar is attributed to a lack of confidence in US policies, with President Trump suggesting that a weaker dollar could benefit American businesses, although this stance creates uncertainty about the government's true intentions regarding currency valuation [5][6] - There is a growing trend among investors to hedge against dollar depreciation by increasing investments in gold and large tech stocks, as evidenced by a survey indicating that "shorting the dollar" is a popular strategy [6] - The weakening dollar has led to a rise in the yen's value, with the exchange rate reaching levels not seen in three months, although concerns remain about Japan's economic fundamentals and potential fiscal risks [6][7]

行业 锌期货日报 日期 2026 年 1 月 29 日 021-60635740 期货从业资格号：F3075681 有色金属研究团队 研究员：彭婧霖 pengjinglin@ccb.ccbfutures.com 研究员：余菲菲 请阅读正文后的声明 ＃summary＃ 每日报告 一、 行情回顾 | 表1：期货市场行情 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 单位：元/吨 | | 开盘 | 收盘 | 最高 | 最低 | 涨跌 | 涨跌幅 | 持仓量 | 持仓量变化 | | 沪锌 | 2602 | 24680 | 24645 | 24805 | 24565 | 115 | 0.47 | 28502 | 203 | | 沪锌 | 2603 | 24715 | 24725 | 24880 | 24635 | 160 | 0.65 | 121627 | 1452 | | 沪锌 | 2604 | 24740 | 24795 | 24930 | 24690 | 175 | 0.71 | 59031 ...

智通财经获悉，现货黄金价格在冲高逼近5600美元后出现回落，截至发稿，金价涨1.02%，报5472.41美元/盎司，刷新历史最高纪录，延续了此前因市场预 期货币宽松政策、资金大规模撤离主权债券及传统货币体系所引发的强劲涨势，形成令人瞩目的持续上行态势。 金价一度飙升4.6%，创下近期显著涨幅，主要源于交易员普遍押注美联储新任货币政策掌舵人或将在今年晚些时候更倾向于采取更多宽松政策。值得注意 的是，尽管美联储在周三结束的会议上决定维持当前利率水平不变，但同时释放信号——未来任何潜在的政策调整都将以更为审慎的态度推进。 此外，加剧的地缘政治风险、投资者逃离货币和国债，以及美元走弱，共同引发了对贵金属的投资热潮。今年以来，黄金价格已上涨约 25%，本周突破每 盎司 5000 美元大关。同期，白银价格飙升 63%。 周二，美元指数跌至四年低点，创下自去年关税政策实施以来最大单日跌幅。此前特朗普曾称美元"表现良好"且未过度贬值，但此次暴跌与总统表态形成反 差。值得关注的是，特朗普最新表示美元近期贬值对美国企业有利，这一言论虽与美国官员过往立场相符，却仍引发外汇市场剧烈波动——市场认为该表态 实质上承认了美元近期显著贬值 ...

新华财经北京1月29日电金价再迈新台阶，现货黄金首次突破5500美元／盎司大关，本周金价从略低于 5000美元的水平一路狂飙，连破6道整百关口，周涨幅超500美元。而在黄金价格持续走强的市场环境 下，与黄金挂钩的基金产品也随之迎来空前热度，黄金相关主题ETF成为资金追逐的焦点，展现出极强 的吸金能力。 多只黄金ETF涨停宽基ETF"定时"成交量放大 28日，全市场ETF中，涨幅前十的ETF有9只为黄金股和有色相关ETF，其中3只黄金股相关ETF涨停。 在ETF两融资金下降的态势下，超过百亿"真金白银"逆势抢筹黄金股ETF。截至当日收盘，国泰基金黄 金股票ETF（517400）涨10%，永赢基金黄金股ETF（517520）涨9.99%，平安基金黄金股ETF （159322）涨10.02%。同时，涨势喜人的还有华安基金黄金股ETF（159321）涨9.93%，工银瑞信黄金 股ETF（159315）涨9.67%，华夏基金黄金股ETF（159562）涨9.25%。 | 序号 | 证券代码 ـــ | 证券简称 | ト | 涨跌停状态 | ト | 其余场内简称 | | --- | --- | --- | --- | - ...

金价再迈新台阶，现货黄金首次突破5500美元／盎司大关，本周金价从略低于5000美元的水平一路狂 飙，连破6道整百关口，周涨幅超500美元。而在黄金价格持续走强的市场环境下，与黄金挂钩的基金产 品也随之迎来空前热度，黄金相关主题ETF成为资金追逐的焦点，展现出极强的吸金能力。 多只黄金ETF涨停 宽基ETF"定时"成交量放大 28日，全市场ETF中，涨幅前十的ETF有9只为黄金股和有色相关ETF，其中3只黄金股相关ETF涨停。 在ETF两融资金下降的态势下，超过百亿"真金白银"逆势抢筹黄金股ETF。截至当日收盘，国泰基金黄 金股票ETF（517400）涨10%，永赢基金黄金股ETF（517520）涨9.99%，平安基金黄金股ETF （159322）涨10.02%。同时，涨势喜人的还有华安基金黄金股ETF（159321）涨9.93%，工银瑞信黄金 股ETF（159315）涨9.67%，华夏基金黄金股ETF（159562）涨9.25%。 | 序号 | 证券代码 A | 证券简称 | A 涨跌停状态 | 1 其余场内简称 | | --- | --- | --- | --- | --- | | | | | [交易日期 ...

Full Frame Shot Of IngotsgettyGold is on a historic run. After hitting more than 50 new all-time highs last year, the yellow metal has surged to a new all-time high above $5,000 an ounce, a once-unthinkable amount. It’s now doubled in value since September 2024.Meanwhile, silver, the “poor man’s gold,” is not so poor any longer, having smashed through $110 an ounce.As for where we go from here, analysts are making some bold forecasts. Goldmans Sachs just raised its year-end gold price target to $5,400 an ou ...

核心要点 市场观察人士本周三指出，美元已陷入熊市，有分析人士警示，走弱的美元对美国经济而言是一把 "双 刃剑"。 本周二，美元遭遇自 4 月以来最惨烈的单日暴跌 —— 彼时特朗普发布的一系列所谓 "解放日" 声明，引 发了知名的 "抛售美国资产" 交易潮。而此次美元大跌，发生在特朗普于艾奥瓦州向记者表示其认为美 元 "表现极佳" 之后。 衡量美元对一篮子主要货币汇率的美元指数，在 2025 年下跌超 9% 后，2026 年迄今又累计下跌 2.2%。 1. 美元去年已出现显著贬值，而在美国总统唐纳德・特朗普坚称美元走势 "表现极佳" 后，美元汇率 于本周二再度下跌。 2. 自动数据处理公司（ADP）首席经济学家内拉・理查森向美国消费者新闻与商业频道表示，美元 贬值是一把 "双刃剑"，也反映出美国经济图景正 "出现裂痕"。 3. 其他市场观察人士向该媒体表示，美元已进入熊市区间，且大概率将进一步走低。 内拉・理查森本周三在接受美国消费者新闻与商业频道《欧洲财经早班车》节目采访时，将美元贬值称 作一把 "双刃剑"。 洲际交易所美元指数实 时行情（美元） 长期以来，特朗普一直宣扬美元贬值对国际贸易的利好，还公开抨击那 ...