Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - The dovish remarks of the San Francisco Fed President eased market expectations of the Fed's hawkish policy, leading to a weaker dollar and a rise in the precious metals sector. As of February 9, 2026, the closing price of the GFEX platinum main contract was 545.05 yuan/gram, with a daily increase of 10.58%, and the closing price of the GFEX palladium main contract was 438.15 yuan/gram, with a daily increase of 7.59% [2]. - The price of platinum is expected to be volatile and bullish in the medium - to - long term due to a weaker dollar and positive macro - expectations. The report suggests seizing opportunities to go long on platinum and short on palladium [2]. - The price of palladium is also expected to be volatile and bullish in the medium - to - long term, supported by short - term spot shortages and positive macro - environment [3]. Summary by Related Catalogs Platinum - **Price Performance**: As of February 9, 2026, the closing price of the GFEX platinum main contract was 545.05 yuan/gram, with a daily increase of 10.58% [2]. - **Main Logic**: In the short term, the market is in a wide - range volatile consolidation phase due to factors such as sanctions on Russian platinum - group metals, geopolitical issues, and Fed rate - cut expectations. In the long term, the long - term weakening trend of the US dollar credit is conducive to the release of price elasticity. The platinum - to - palladium ratio has fallen to a relatively low level this week, and it is recommended to consider long - platinum and short - palladium opportunities [2]. - **Outlook**: Volatile and bullish. The supply - demand fundamentals are healthy, and the macro - expectations are positive [2]. Palladium - **Price Performance**: As of February 9, 2026, the closing price of the GFEX palladium main contract was 438.15 yuan/gram, with a daily increase of 7.59% [2]. - **Main Logic**: There is uncertainty on the supply side, with the US import investigation of Russian unforged palladium pending and Europe considering new sanctions on Russian palladium. The palladium lease rate has been rising, and the spot shortage supports the price. On the demand side, there is still structural pressure. Although the long - term supply - demand is expected to be loose, the short - term spot shortage and Fed rate - cut expectations provide clear support for the price [3]. - **Outlook**: Volatile and bullish. Supported by short - term spot shortages and a positive macro - environment [3]. Index Information - **Special Index**: The commodity index was 2374.89, up 0.70%; the commodity 20 index was 2710.51, up 0.96%; the industrial products index was 2278.80, up 0.21%; the PPI commodity index was 1404.35, up 0.58% [49]. - **Sector Index**: The non - ferrous metals index on February 9, 2026, was 2681.11, with a daily increase of 1.12%, a 5 - day increase of 0.10%, a 1 - month decrease of 5.82%, and a year - to - date decrease of 0.18% [50].

（来源：今晚报） 【#金价银价再创历史新高# 】#金价彻底杀疯了# 地缘紧张局势持续推升避险需求，以及发达经济体债 务压力加剧让更多投资者减少债券配置、增持黄金等因素，共同推动国际金价周三上涨，创历史新高。 截至收盘，纽约商品交易所2月交割的黄金期价收于每盎司4635.70美元，涨幅为0.80%。白银期货价格 周三延续强劲涨势，首次突破每盎司90美元关口。截至收盘，纽约商品交易所3月交割的白银期价收于 每盎司91.385美元，涨幅为5.85%。分析人士指出，现货白银紧缺是推动白银价格上涨的主要原因。近 期，纽商所即将交割合约的未平仓数量上升，表明有大量买方希望通过交割得到现货。另据市场分析 称，当前白银供应短缺很难在短期内得到缓解。在这种环境下，市场预期白银价格将继续保持上涨势 头。#银价彻底暴涨原因#（央视财经） 转自：今晚报 ...