Core Viewpoint - The article highlights the fluctuations in gold and silver prices, with gold rebounding by 1.28% to $3982.32 per ounce, while silver saw a rise of 1.93% to $48.0704 per ounce, indicating a volatile market influenced by economic reports [1]. Price Movements - Spot gold experienced a rebound of 1.28%, reaching $3982.32 per ounce, before slightly declining to a daily low of $3929.93, followed by a sustained upward trend [1]. - COMEX gold futures increased by 0.81%, settling at $3992.60 per ounce [1]. - Spot silver rose by 1.93%, priced at $48.0704 per ounce, while COMEX silver futures gained 1.38%, reaching $47.945 per ounce [1]. - COMEX copper futures also saw an increase of 0.84%, priced at $4.99 [1]. Economic Indicators - The ADP employment report and the ISM non-manufacturing index did not significantly impact market volatility, suggesting that other factors may be influencing the current price movements in precious metals [1].

Core Viewpoint - In October, Zhengzhou Commodity Exchange (ZCE) identified and processed 15 cases of abnormal trading behavior, indicating increased regulatory scrutiny in the market [1] Summary by Categories Abnormal Trading Behavior - ZCE processed a total of 15 cases of abnormal trading behavior in October, which included 12 instances of self-dealing and 3 cases of frequent order cancellations [1] Regulatory Actions - ZCE has issued regulatory warnings to clients who met the criteria for abnormal trading behavior through their member units, reflecting a proactive approach to market regulation [1]

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures saw a majority of contracts decline, indicating a bearish trend in the agricultural commodities market [1] Group 1: Price Movements - Raw sugar futures fell by 3.00%, closing at 14.21 cents per pound [1] - Cotton futures decreased by 0.81%, ending at 65.15 cents per pound [1] - Cocoa futures experienced a slight increase of 0.41%, reaching $6,586.00 per ton [1] - Coffee futures dropped by 0.25%, closing at 405.65 cents per pound [1]

Core Viewpoint - The Zhengzhou Commodity Exchange has announced an adjustment to the cancellation date for silicon iron and urea products in February 2026 due to insufficient trading days [1] Group 1 - The cancellation date for silicon iron and urea products in February 2026 will now be set to the last trading day of that month [1] - This decision is based on the 2026 holiday schedule, which results in fewer than 15 trading days in February [1] - Future occurrences of similar situations will follow this announcement without further notice [1]

Core Viewpoint - The recent fluctuations in gold prices are seen as a technical correction rather than a trend reversal, with analysts maintaining a long-term optimistic outlook on gold as a valuable asset in uncertain macroeconomic conditions [1][3][9]. Market Performance - Since 2025, international gold prices have consistently broken historical highs, leading to a surge in gold bar sales in China, with consumption reaching 264.24 tons in the first half of the year, a 23.69% increase year-on-year [2]. - As of October 31, the London gold spot price hovered around $4,000 per ounce, down approximately 8% from its monthly peak [3]. - The Chicago Mercantile Exchange reported that the gold futures market in October exhibited healthier performance compared to previous periods, with significant trading activity and new positions being established despite volatility [6][7]. Investor Behavior - Retail investors are increasingly returning to the gold market, with trading volumes for micro gold contracts and one-ounce futures contracts more than doubling [7]. - The current market dynamics show a rare phenomenon where both the stock market and gold prices are rising simultaneously, attracting diverse market participants [7]. Economic Factors - Analysts attribute the recent gold price adjustments to several factors, including a rapid previous increase in prices, rising dollar rates, and easing geopolitical tensions [3][4]. - The Federal Reserve's recent policy decisions, including a 25 basis point rate cut, have influenced market sentiment, although a hawkish tone from the Fed has tempered expectations for ongoing monetary easing [4][5]. Long-term Outlook - Analysts believe that while short-term risks exist, the long-term outlook for gold remains positive, with the potential for gold to serve as a hedge against inflation and economic uncertainty [9][10]. - The role of gold in asset allocation is evolving, with it increasingly seen as a substitute for sovereign debt in risk management strategies [8][10].

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures showed mixed performance on October 30, with sugar and cotton futures declining while cocoa and coffee futures experienced gains [1] Group 1: Futures Performance - Raw sugar futures fell by 1.18%, closing at 14.25 cents per pound [1] - Cotton futures decreased by 1.39%, ending at 65.09 cents per pound [1] - Cocoa futures rose by 0.48%, reaching $6073.00 per ton [1] - Coffee futures increased by 0.41%, closing at 392.30 cents per pound [1]

Core Viewpoint - The domestic futures night market opened with significant declines in several commodities, while soybean futures showed an increase [1] Group 1: Commodity Performance - Methanol, aluminum oxide, copper, glass, coking coal, and caustic soda all fell by over 1% [1] - Soybean futures (specifically soybean No. 2) rose by over 1% [1]

Core Viewpoint - The Intercontinental Exchange (ICE) saw a broad increase in agricultural futures, indicating a positive trend in commodity markets [1] Group 1: Sugar Futures - Raw sugar futures rose by 0.42%, closing at 14.43 cents per pound [1] Group 2: Cotton Futures - Cotton futures increased by 1.38%, closing at 65.95 cents per pound [1] Group 3: Cocoa Futures - Cocoa futures experienced a rise of 0.80%, closing at $6050.00 per ton [1] Group 4: Coffee Futures - Coffee futures climbed by 1.06%, closing at 392.00 cents per pound [1]

CME FedWatch显示，美联储周三大概率再降息25个基点。Money Metals Exchange CEO Stefan Gleason称，在通 胀仍偏高之际降息将"延续黄金多头叙事"，利率下行有利于无息资产黄金。Gleason表示，"全球仍然美元敞口过 高而黄金敞口不足"，待泡沫性情绪消化后，黄金以各法币计价仍有望续升。 历史经验亦在强化市场预期。美联储今年9月17日首次降息25个基点后，黄金短暂回调，随后于10月20日创下 4398美元盘中新高。市场预期年内仍有一次降息，甚至2026年或有小幅续降。Doshi称，支撑金价的结构性因 素，高财政债务、央行购金、政策不确定性、美股债高相关性，仍然存在，黄金仍是应对"左尾风险"(极端亏损) 的对冲与配置资产。 Doshi进一步指出，金价升至5000美元的概率"高于回落至3000美元"，且"黄金市场已完成重定价"。他认为，尤 其在西方国家，黄金作为流动性替代资产仍严重配置不足。McIntyre建议缺乏敞口的投资者"分批建仓"，避免择 时风险，并将实体黄金作为长期战略配置，建议组合中黄金目标权重可设定为10%，并定期再平衡。更广泛策 略观点认为，黄金(含现货 ...

华通铂银、华通白银到底正规吗？今天给大家仔细说说！ 认清非法期货交易 许多现货违规案件的核心问题，是 名为现货，实为非法期货 。如何判断？主要依据国务院发布的 《国 务院关于清理整顿各类交易场所切实防范金融风险的决定》（国发〔2011〕38号，简称38号文） 和 《国务院办公厅关于清理整顿各类交易场所的实施意见》（国办发〔2012〕37号，简称37号文） 。根 据38号文的规定，未经国务院相关金融管理部门批准，任何交易场所不得采取 集中交易方式 进行交 易，也不得将权益拆分为均等份额公开发行。 具体认定中，如果一项交易同时具备以下特征，就很可能被认定为非法期货交易： 1. 标准化合约 ：除 价格条款外，合约的其他条款，如标的物、交易时间、数量等均由交易平台预先规定。 2. 集中交易 ： 由平台通过集合竞价、连续竞价、电子撮合、匿名交易、做市商等一种或多种方式，为众多买方和卖方 提供交易匹配服务。例如，上海长江联合金属交易中心的"长江油"、"长江银"合约交易，就因具有这些 特征并被法院认定为非法期货交易。 3. 不以实物交割为目的 ：交易者主要通过 对冲平仓 （买入后卖 出，或卖出后买入）来了结头寸、获取差价， ...