【宏观消息】 【黄金期货行情表现】 10月9日，沪金主力暂报914.32元/克，涨幅达4.82%，今日沪金主力开盘价909.96元/克，截至目前最高 918.88元/克，最低903.40元/克。 【机构观点】 节假日期间，多重利好集中发酵，贵金属行情表现强势，黄金价格已经创下了历史新高，突破了4000美 元/盎司。宏观经济方面，美国非农就业数据因美国政府停摆而未发布，但公布的ADP就业人数远低于 预期，且美国经济委员会官员表示，若政府关门持续，美国失业人数将大幅增加，美国经济进一步走弱 的可能性加大。风险因素方面，美国政府关门引发了市场对于美国经济和社会稳定性方面的担忧；日本 右翼政治代表上台，刺激政策或加码，但政策的纪律面临挑战；法国新任总理上台不到30天便离职，暴 露出法国经济社会的治理难度在上升；此外，美国对中国家具等产品加征关税，贸易摩擦进一步升级。 大多数风险事件在短期内难以解决，面临风险进一步发酵的可能性。尽管贵金属已经有了较大的涨幅， 但从技术图和基本面情况来看，向上的行情保持较好，或有进一步上升的可能。 美国总统特朗普10月6日表示，自2025年11月1日起，所有从其他国家和地区进口至美国的中 ...

Group 1: Gold Market Performance - The Shanghai gold futures contract is currently priced at 844.54 CNY per gram, reflecting a 1.78% increase [1] - The opening price for the day was 831.02 CNY per gram, with a high of 844.76 CNY and a low of 829.86 CNY [1] Group 2: Macroeconomic News - The U.S. Department of Labor reported that initial jobless claims for the week ending September 13 were 231,000, lower than the expected 240,000, with the previous value revised from 263,000 to 264,000 [2] - The Bank of England maintained its policy rate at 4.00%, aligning with market expectations, leading traders to increase bets on easing, anticipating a total rate cut of 45 basis points by the end of 2026 [2] - Foreign holdings of U.S. Treasury securities reached a record high of 9.159 trillion USD in July, with significant increases from Japan and the UK, while China's holdings fell to 730.7 billion USD, the lowest since December 2008 [2] - U.S. President Trump indicated that an agreement with China regarding the ownership transfer of TikTok to U.S. companies is imminent, although the deadline for divestiture may be extended [2] Group 3: Institutional Perspectives - Following the Federal Reserve's interest rate cut in September, the precious metals market did not experience a significant uptrend, as the positive market sentiment had already been priced in [3] - There is a possibility of profit-taking in the short term, with expectations of further 25 basis point cuts in the upcoming meetings in October and December, providing strong support for precious metals [3] - The upcoming release of important data, including August's PCE, may influence market expectations regarding the Fed's future monetary policy, leading to potential volatility in the gold market [3] - Global financial markets, including the Chinese stock market, are experiencing significant short-term fluctuations, which may alter market risk preferences; if stock markets adjust, gold prices may remain strong [3]

贵金属行情即将换主角：当黄金价格创纪录暴涨30%之际，白银涨幅却仅有黄金一半，被低估的白银未 来能否逆袭黄金？ 相关链接 期货热点追踪 ...