Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a total holding of 1013.44 tons of gold as of October 9, 2025, reflecting a decrease of 1.14 tons from the previous trading day. The gold price experienced significant volatility, dropping over $100 from its historical high of $4060 per ounce to a low of $3945.03, before closing at $3976.05, marking a decline of $65.40 or 1.62% [4]. Group 1: Market Dynamics - On October 9, gold prices initially fell to around $4000 per ounce but later saw a brief recovery before facing substantial selling pressure, leading to a drop of over $100 [4]. - Analysts attribute the adjustment in gold prices to a combination of easing geopolitical tensions, profit-taking sentiment, and a rebound in the US dollar index [4]. - The positive news regarding a permanent ceasefire between Israel and Hamas has alleviated market risk aversion, contributing to the decline in gold prices [5]. Group 2: Economic Indicators - The US dollar index rose by 0.6%, and the yield on 10-year US Treasury bonds increased by 2 basis points to 4.148%, which are factors influencing the adjustment in gold prices [4]. - There is a consensus among institutions that the recent rise in global assets since September was based on expectations of a "weak dollar," but the market's consensus on shorting the dollar may pose a reversal risk [5]. Group 3: Future Outlook - Goldman Sachs has raised its 2026 gold price forecast from $4300 to $4900, citing strong inflows into gold ETFs and robust central bank demand, indicating a positive long-term outlook for gold [5]. - Despite the current technical correction in gold prices, the market remains supported by ongoing government shutdowns and the Federal Reserve's cautious stance on further rate cuts due to uncertainties in inflation and the labor market [5]. - Technical analysis suggests that if gold prices can reclaim the $4000 level, they may test historical highs of $4059, with further resistance at $4100 and $4150 [6].

Report Summary Investment Ratings No investment ratings for the industries are provided in the report. Core Views - The report offers short - term evaluations for various commodities including glass, gold, iron ore, etc., analyzing their supply - demand situations, price trends, and providing trading suggestions [1][3]. Summary by Commodity Glass - National float glass average price is 1260 yuan/ton, up 9 yuan/ton from the previous day;开工率 is 76.01%, unchanged weekly; total inventory of sample enterprises is 62.824 million heavy boxes, up 5.84% [1]. - Terminal demand is rising, but downstream orders are weak, inventory is increasing. It is expected that the glass 01 contract will oscillate in the short - term, with support at 1215. Suggestion: wait and see or short - term long on dips [1]. Gold - There are differences within the Fed on further interest rate cuts. The US dollar index has risen, putting pressure on precious metals. Gold is expected to oscillate with a downward bias in the short - term [1]. Iron Ore - From September 29 to October 5, China's 47 - port iron ore arrivals were 2.7758 million tons, up 172,100 tons; 45 - port arrivals were 2.6087 million tons, up 248,200 tons; northern six - port arrivals were 1.4516 million tons, up 450,200 tons [3]. - The probability of actual negative feedback in the short - term is low, but there is a risk of negative feedback from late October to November. Iron ore prices are expected to oscillate in a range in the short - term [3]. Coking Coal - The capacity utilization rate of 523 coking coal mine samples is 81.9%, down 4.6% week - on - week. After - holiday market sentiment has improved, and short - term range operation is recommended [3]. Rebar - As of the week of October 8, rebar production was 203,400 tons, down 1.75%; factory inventory was 192,340 tons, up 21.04%; social inventory was 467,300 tons, up 5.4%; apparent demand was 146,010 tons, down 39.43% [4]. - Steel demand has declined due to the holiday, and inventory has increased. Short - term steel prices are expected to adjust slightly, and short - term range operation is recommended [4]. Methanol - The market price in Jiangsu Taicang is 2213 yuan/ton, down 29 yuan/ton. The methanol 01 contract is expected to oscillate weakly in the short - term, with support at 2250. Suggestion: wait and see until the decline stabilizes [5]. PVC - The price of East China SG - 5 type PVC is 4640 yuan/ton, down 60 yuan/ton. Supply is expected to increase, demand is weak, and inventory is rising. The 01 contract is expected to oscillate weakly in the short - term, with resistance at 4840. Suggestion: wait and see or short on rebounds [6][7]. Live Pigs - On October 9, the national average pork price in wholesale markets was 18.64 yuan/kg, down 3.5% from before the holiday. Spot prices are expected to remain low for some time, and futures prices may continue to decline in the short - term [7]. Palm Oil - Holiday - period positive news from palm oil producing areas supports price increases. It is expected to oscillate strongly in the short - term. Attention should be paid to the September supply - demand data from MPOB [8]. Crude Oil - OPEC production increased in September, and the geopolitical tension in the Middle East has eased. Short - term short - selling is recommended [9]. Soybeans - In the 40th week, the actual soybean crushing volume of oil mills was 1.7557 million tons, with an operating rate of 49.01%. Domestic soybean prices are under pressure due to increased supply. Attention should be paid to policies and new grain listings [10]. Rubber - 9 - 10 months are the peak rubber - tapping season in Southeast Asia. Supply is expected to be loose, demand growth is limited, but low inventory supports prices. Short - term low - level trial long is recommended [11]. PTA - In October, there are maintenance plans for some PTA plants, but overall supply is still abundant. Demand support is insufficient, and it is expected to oscillate weakly [12]. Silver - The US government shutdown continues, and the US dollar index has rebounded. Silver is expected to oscillate with a downward bias in the short - term, but is bullish in the long - term [13]. Medium - and Long - Term Treasury Bonds - The economic fundamentals are bearish for the bond market in the long - term. Bond market operation is difficult, and an oscillatory mindset should be adopted [13].

金十数据5月12日讯，周一，亚洲历史最悠久的证券交易所之一孟买证券交易所（BSE）的股票盘中飙 升7.2%，反映了达拉尔街（印度金融街）强劲的买入情绪，因为印度和巴基斯坦在周末达成了停火协 议，此前双方就军事设施展开了猛烈的导弹和无人机袭击。地缘政治紧张局势的缓和让看涨者重新掌控 了印度股市。BSE首次突破7000卢比大关，创下每股7047卢比的历史新高。 孟买证券交易所股价飙升超过7%，创历史新高 ...