另外，值得关注的是，国内产业政策方面对工业金属整体仍呈积极影响。26日国家发展改革委产业司在《大力推动传统产业优化提升》的文章中提到，对氧 化铝、铜冶炼等强资源约束型产业，关键在于强化管理、优化布局，特别是"'十五五'时期，鼓励大型骨干企业实施兼并重组，提升规模化、集团化水平， 提高产业竞争力"的表述，提振了市场对氧化铝产能优化的预期。消息公布后，氧化铝期价大幅拉升，一度触及涨停板。不过，当前氧化铝供应端实际并未 出现明显收缩，"强预期"和"弱现实"的博弈持续，或预示着氧化铝价格的低位震荡暂仍将延续。 新华财经北京12月26日电 国内商品期货市场12月26日大面积上涨，其中铂主力合约涨超9%，碳酸锂主力合约涨超8%，沪银主力合约涨超6%，氧化铝主力 合约涨超5%，沪铜、国际铜、对二甲苯主力合约涨超3%，苯乙烯、PTA、BR橡胶、菜粕、棉花、短纤、瓶片主力合约涨超2%。下跌品种中，钯主力合约 跌超2%，多晶硅、焦炭、焦煤主力合约跌超1%。 截至26日下午收盘，中证商品期货价格指数收报1599.42点，较前一交易日上涨28.36点，涨幅1.81%；中证商品期货指数收报2207.01点，较前一交易日上涨 39.13 ...

Core Viewpoint - The recent sharp decline in gold prices, dropping over 6.3% to below $4100 per ounce, is attributed to easing geopolitical tensions and a softening of trade attitudes from Trump, leading to profit-taking in the precious metals market [1][3]. Group 1: Market Performance - On October 21, gold prices experienced a significant drop, falling from around $4342 to $4068.7 per ounce within hours, marking the largest single-day decline since April 2013 [1]. - Prior to the drop, gold had surged over 2.5% on October 20, reaching a historical high of $4381.29 per ounce before closing at $4356.26 [3]. - The volatility in gold and silver prices indicates a potential overheating in the market, with the implied volatility of gold options exceeding 20, suggesting increased trading risks [3]. Group 2: Future Outlook - HSBC forecasts that gold's upward momentum may continue until 2026, with a target price of $5000 per ounce, driven by strong central bank purchases and ongoing concerns over U.S. fiscal deficits [5]. - The demand for gold is increasingly viewed as a hedge against debt sustainability risks and potential dollar weakness, particularly among emerging market central banks [5]. - However, HSBC warns that if the Federal Reserve's rate cuts are fewer than market expectations, the upward trajectory of gold prices may face challenges [5].