操作及建议： 1.3369附近空，止损3378.，止盈3343/3328 2.3328-30附近多，止损3318，止盈3356-66 黄金消息面：周一（6月2日）黄金价格延续涨势，最高触及3382.83美元/盎司，现交投于3389.60美元附 近。支撑因素包括：特朗普重提关税威胁及俄乌冲突在第二轮和谈前加剧（乌方大规模打击、俄方无人 机夜袭），显著提升了黄金作为地缘政治不确定性时期避险资产的需求。同时，市场风险偏好受抑（如 亚洲股市疲软）及持续的中美贸易紧张也利好金价。投资者正密切关注本周多位美联储官员讲话以寻求 未来货币政策线索，黄金通常在低利率环境下表现更佳。 黄金走势分析：日内符合我看跌回落，然后陷入震荡的走势，因为短期支撑上涨的消息面不够强劲，又 有地缘风险不断加持，金价能以持续上涨，所以看好短期回落，重回震荡，晚间的话，重点关注 3328/3335附近支撑，此区间可以考虑转空为多，短期上方关注3366-71附近压制，依托此位做空，止损 3378.6，止盈3343，跌破看3328-35区间，若有3328-30附近机会，可以低多，止损3318即可，止盈看 3356-66。 前言：下跌行情不言底，上涨行情 ...

黄金消息面：周一（6月2日）黄金价格延续涨势，最高触及3382.83美元/盎司，现交投于3389.60美元附近。支撑因素包括：特朗普重提关税威胁及俄乌冲突 在第二轮和谈前加剧（乌方大规模打击、俄方无人机夜袭），显著提升了黄金作为地缘政治不确定性时期避险资产的需求。同时，市场风险偏好受抑（如亚 洲股市疲软）及持续的中美贸易紧张也利好金价。投资者正密切关注本周多位美联储官员讲话以寻求未来货币政策线索，黄金通常在低利率环境下表现更 佳。 操作及建议：回调做多为主，反弹高空为辅，上方短期重点关注3400-3415一线阻力，下方短期重点关注3370-3360一线支撑。 黄金走势分析：本周黄金行情相对清晰，大周期维持多头趋势下的震荡上涨格局，区间暂看3365-3270，周初料在此区间运行。需注意本周是非农周，周三 起需重点关注消息面影响。技术面看涨信号明确：周线、日线及H4周期均呈多头形态。日线连阳形态确立涨势，中期目标指向布林上轨3400附近，耐心等 待多头放量。H4周期受消息推动已有效突破前期关键阻力3330，布林带开口预示上行空间打开，下一阻力看3365，突破则有望挑战3400。小时线显示亚盘 回踩3301后强势反 ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The Shanghai copper market increased in volume and price, with the price difference on the trading board widening to over 100 yuan, and the spot premium expanding to 175 yuan. The main reason is that domestic copper inventories decreased by 36,900 tons over the weekend, the arrival of goods in the spot market was low, but downstream consumption was fair. The tight spot market drove the price difference between futures and spot to widen. At the same time, the supply of domestic scrap copper is also decreasing, and Sino - US trade tensions are affecting China's scrap copper imports. In March, scrap copper imports decreased by 13% year - on - year, and subsequent imports of scrap copper are expected to continue to decline. Part of the scrap copper consumption will shift to refined copper. Coupled with the transfer of global copper supplies to the COMEX market, the decrease in the supplement of imported refined copper in China will continue to drive domestic inventories to decline, and the domestic spot market will support copper prices. - On the macro - front, after Trump repeatedly pressured Powell to cut interest rates, hedge funds are selling the US dollar on a large scale, and the US dollar index has started a new round of decline, which is positive for base metals. It is expected that copper prices will rise further [7]. 3. Summary by Relevant Catalogs 3.1 Market Review and Operation Suggestions - The Shanghai copper market increased in volume and price, with the price difference on the trading board widening to over 100 yuan, and the spot premium expanding to 175 yuan. The main reasons include significant weekend inventory reduction, low arrival of goods in the spot market, good downstream consumption, decreasing scrap copper supply, and the transfer of global copper supplies to the COMEX market. The weakening US dollar also supports copper prices, and it is expected that copper prices will rise further [7]. 3.2 Industry News - The US Forest Service will approve a controversial land swap required for Rio Tinto and BHP to build a copper mine in Arizona. The agency will re - issue the environmental report for the Resolution copper mine project land swap within 60 days and may suspend the land swap if the US Supreme Court agrees to hear a related long - term case [10]. - Sinomine Resource Group plans to start copper production at its Kitumba copper mine in Zambia's Central Province in September 2026. The company plans to invest $560 million in the project and has started the stripping work [10]. - Citi has moderated its short - term bearish view on copper prices, raising its three - month price target to $8,800 per ton from the previous $8,000 per ton. It believes that the "downside risk" in the next three months will be reduced, but its medium - term bearish view remains unchanged due to US tariff policies affecting physical copper consumption and manufacturing activities. Citi estimates the average copper price in this quarter to be $9,000 per ton [10][11].