昨天早盘，伦敦现货黄金再度走高，历史首次突破每盎司4500美元。受国际市场带动，以人民币计价的 黄金价格续创新高。昨天，上海黄金交易所现货黄金价格盘中一度涨至每克1017元，金饰报价在23日突 破每克1400元关口后继续上扬，24日周大福等金店的足金饰品报价达每克1410元。 值得注意的是，金价大涨带动不少资金关注黄金市场的替代投资品，叠加工业需求持续增加，白银、铂 金、钯金等贵金属价格纷纷"后来居上"，近期涨势远超黄金。 数据显示，今年四季度以来，国际银价一路上行，涨幅近50%，而国际铂金、钯金最近一个月的涨幅也 都超过30%。从年内涨幅来看，国际现货白银、铂金价格上涨均超过140%，钯金上涨超100%，国际现 货黄金价格年内上涨超70%。 贵金属缘何"牛气冲天"？业内人士普遍认为，金银铂钯的大幅上涨已不是由单一的避险和抗通胀等传统 因素推动，而是美元信用、市场情绪等多重因素"共振"的结果。 "2025年，影响黄金市场的最大因素可能还是投资者对美元信用和美国主权债务的担忧。"在世界黄金协 会中国区CEO王立新看来，这是驱动全球央行、机构和个人投资者涌入黄金市场的底层因素。"美元债 务的大幅扩张推动黄金等贵金 ...

光大期货研究所分析人员认为，美联储官员就明年降息预期继续产生较大分歧，市场就美联储未来主席 人选及2016年降息次数和扩表节奏展开讨论和定价，出于对金融市场流动性和经济就业疲软等因素的考 虑，市场对贵金属仍偏乐观看待。地缘政治方面，一系列地缘冲突风险再一次点燃市场对原油供应忧 虑，也拉动市场的避险情绪。 来源：北京日报客户端 记者：杨天悦 12月23日，现货黄金价格历史性地突破千元大关。开盘报4444.98美元/盎司，折合人民币1004.8元/克， 截至发稿时报4486.49美元/盎司，合人民币1013.7元/克。整体看，黄金价格年内涨幅接近70%，仅次于 1979年第二次石油危机和美国高通胀时期创下的纪录。 伴随国际金价持续上涨，国内黄金品牌也迎来又一轮涨价。23日最新报价显示，周生生足金饰品标价 1403元/克，较前一日上涨36元；老凤祥足金饰品标价1399元/克，较前一日上涨34元；菜百首饰足金饰 品标价1342元/克，较前一日上涨22元；周大福足金饰品标价1403元/克，较前一日上涨35元，部分"一口 价"黄金产品还启动了年内第三次调价，涨幅达15%至30%。 白银价格也在上涨，连日来持续突破历史新高 ...

摘要周五（12月19日）亚市盘中，贵金属纷纷下挫，现货黄金跌破4310.00美元/盎司关口，日内跌 0.53%，现货白银日内跌幅达到1.04%，报64.78美元/盎司，现货铂金一度失守1900.00美元/盎司关口， 日内跌1.69%，现货钯金最低触及1655.63，跌超1.00%。 周五（12月19日）亚市盘中，贵金属纷纷下挫，现货黄金跌破4310.00美元/盎司关口，日内跌0.53%， 现货白银日内跌幅达到1.04%，报64.78美元/盎司，现货铂金一度失守1900.00美元/盎司关口，日内跌 1.69%，现货钯金最低触及1655.63，跌超1.00%。 【机构观点】 国信期货：海外现货紧缺与金属板块看多情绪升温推动铂、钯期货价格大幅上涨。当前铂价快速上涨的 主要原因之一是市场看涨预期较强，而铂供应短缺是长期问题，供应瓶颈难以迅速缓解。若金价大幅回 调，那么铂需求也将下降，短期铂价仍有回调风险。 世界铂金投资协会：本次铂期货价格的上涨是多重因素强力共振的结果，根本原因在于市场供应持续短 缺、新兴需求增长和宏观环境转好。 中信期货：基本面偏紧将为铂价提供较强的上行动力。当前，铂需求处于结构性扩张阶段，供应紧缺 ...

1. Report's Industry Investment Ratings - **Bullish**: BR Rubber [1] - **Bearish**: Industrial Silicon, Palm Oil [1] - **Neutral (Oscillation)**: Bonds, Agricultural Products, Alumina, Zinc, Stainless Steel, Tin, Precious Metals (Gold, Silver, Platinum, Palladium), Rebar, Hot - Rolled Coil, Iron Ore, Manganese Ore, Ferrosilicon, Glass, Soda Ash, Coking Coal, Coke, Soybeans, Rapeseed Oil, Cotton, Sugar, Wheat, Corn, Pulp, Logs, Live Pigs, Crude Oil, Fuel Oil, Bitumen, Ethylene Glycol, Benzene - Naphtha, Urea, Propylene, PVC, Caustic Soda, LPG, Container Shipping to Europe [1] 2. Core Views of the Report - In the short term, the stock index is expected to continue its weak trend, but the market adjustment since mid - November has opened up space for the upward movement of the stock index next year [1] - Asset shortage and weak economy are beneficial to bond futures, but the central bank has recently warned about interest - rate risks [1] - The market sentiment is volatile, and there are opportunities to go long at low levels for some products [1] 3. Summary by Industry Macro - Financial - **Stock Index**: Short - term weak operation, long - term upward potential. Investors can gradually establish long positions during the adjustment period [1] - **Bonds**: Asset shortage and weak economy are favorable, but short - term interest - rate risks are warned. Pay attention to the Bank of Japan's interest - rate decision [1] Non - Ferrous Metals - **Aluminum**: High - level wide - range oscillation due to limited industrial drive and fluctuating macro sentiment [1] - **Alumina**: Weak domestic fundamentals, short - term price rebound but limited upward drive [1] - **Zinc**: Fundamentals improved, cost center shifted up, but price is under pressure. Pay attention to low - buying opportunities [1] - **Nickel**: After a sharp decline, there is a demand for position - reduction repair. Short - term trading is recommended, and the long - term supply of primary nickel is in surplus [1] - **Stainless Steel**: Short - term trading is recommended, waiting for opportunities to sell on rallies [1] - **Tin**: Short - term oscillation, long - term bullish. Pay attention to low - buying opportunities during corrections [1] Precious Metals and New Energy - **Precious Metals**: Supported by the cooling of the US CPI in November, but short - term volatility risks need to be vigilant [1] - **Industrial Silicon**: Bearish due to increased production in the northwest, reduced production in the southwest, and decreased production schedules of polysilicon and organic silicon in December [1] - **Polysilicon**: There is an expectation of capacity reduction in the long - term, marginal improvement in terminal installation in the fourth quarter, and strong price - holding and low - delivery willingness of large enterprises [1] - **Lithium**: In the traditional peak season of new energy vehicles, with strong energy - storage demand, increased production on the supply side, and the potential to break through previous highs [1] Ferrous Metals - **Rebar and Hot - Rolled Coil**: Roll over and take profits on cash - and - carry positions. Valuation is not high, and short - selling is not recommended [1] - **Iron Ore**: Near - month contracts are restricted by production cuts, but far - month contracts have upward potential [1] - **Manganese Ore and Ferrosilicon**: Prices are under pressure due to weak direct demand, high supply, and inventory accumulation [1] - **Glass and Soda Ash**: Supply and demand provide support, valuation is low, but short - term price fluctuations are strong [1] - **Coking Coal and Coke**: After a decline, there are signs of stabilization. Pay attention to winter - storage replenishment by downstream enterprises this week [1] Agricultural Products - **Palm Oil**: Short - term short - selling is recommended due to continuous negative high - frequency data and high pressure on the origin [1] - **Soybeans**: Pay attention to the negative impact of imported soybean auctions on the supply side [1] - **Rapeseed Oil**: It is recommended to short the 05 contract as the near - term raw - material shortage theme is expected to be exhausted [1] - **Cotton**: The market is currently supported but lacks a driving force. Pay attention to relevant policies and market conditions in the future [1] - **Sugar**: There is a consensus on short - selling, but there is strong cost support below. Pay attention to changes in the capital side [1] - **Wheat and Corn**: The short - term decline is limited by farmers' price - holding sentiment and downstream stocking demand before the Spring Festival [1] - **Pulp**: Unilateral trading is recommended to wait and see, and consider the 1 - 5 reverse spread [1] - **Logs**: The 01 contract is expected to oscillate weakly as it approaches the delivery month [1] - **Live Pigs**: Production capacity still needs to be further released [1] Energy and Chemical Industry - **Crude Oil and Fuel Oil**: Affected by OPEC+ production - suspension, the uncertainty of the Russia - Ukraine peace agreement, and US sanctions on Venezuelan oil exports [1] - **Bitumen**: Follows crude oil in the short term, with high profit and possible falsification of the 14th - Five - Year Plan's rush - demand [1] - **BR Rubber**: Bullish due to improved cost - side support, increased sales, and high operating rates [1] - **PTA and Short - Fiber**: The PTA device operates at a high load, and short - fiber prices follow costs closely [1] - **Ethylene Glycol**: Prices decline due to inventory accumulation and weakening cost support [1] - **Benzene - Naphtha**: There is slight cost - side support, but overall production economy is negative, and inventory is high [1] - **Urea, Propylene, PVC, and Caustic Soda**: Prices oscillate due to factors such as supply - demand imbalance, cost changes, and reduced anti - involution sentiment [1] - **LPG**: The market is affected by geopolitical factors, and prices oscillate after a decline. Pay attention to the impact of natural gas on near - month prices [1] Other - **Container Shipping to Europe**: The price increase in December was less than expected, and the supply of shipping capacity was relatively loose [1]

摘要北京时间周四(12月18日)亚市盘中，美元指数交投于98.367附近，现货黄金开盘于4340.68美元/盎 司，目前交投于4332.10美元/盎司附近，黄金t+d交投于974.48元/克附近，沪金主力交投于980.00元/克附 近。 北京时间周四(12月18日)亚市盘中，美元指数交投于98.367附近，现货黄金开盘于4340.68美元/盎司，目 前交投于4332.10美元/盎司附近，黄金t+d交投于974.48元/克附近，沪金主力交投于980.00元/克附近。 上一交易日美元指数收涨0.18%，报99.319，现货黄金收涨0.81%，报4337.16美元/盎司。在现货黄金下 跌之际，其他贵金属纷纷上涨：现货白银收涨3.82%，报66.17美元/盎司；现货铂金收涨2.62%，报 1896.20美元/盎司；现货钯金收涨2.52%，至1646.50美元/盎司。 【最新数据一览】 12月17日COMEX黄金库存1119.46吨，较前一交易日保持不变；COMEX白银库存14088.35吨，较前一 交易日减少27.85吨。 09:00中国11月Swift人民币在全球支付中占比 10:00美国总统特朗普发表全国讲话 1 ...

Industry Investment Ratings - There is no clear overall industry investment rating provided in the report. However, some individual commodity ratings are as follows: - Platinum: Bullish in the long - term [1] - Palladium: Bullish in the short - term; consider [long platinum, short palladium] arbitrage strategy in the medium - term [1] - Fuel oil: Bearish [1] Core Views - In the short term, the market is adjusting due to factors such as decreased risk appetite, weak economic data, and limited policy signals. But the market adjustment since mid - November has opened up space for the upward movement of stock indices next year [1]. - Asset shortage and weak economy are favorable for bond futures, but the central bank has recently warned of interest rate risks, and attention should be paid to the Bank of Japan's interest rate decision [1]. - Different commodities have different trends based on their own supply - demand fundamentals, cost factors, and macro - economic and policy environments. Summary by Categories Macro - finance - Stock indices are expected to continue a weak trend in the short term, but investors can consider gradually establishing long positions during the adjustment phase and using the discount structure of stock index futures to optimize long - term investment costs and win - rates [1]. - Bond futures are favored by asset shortage and weak economy, but short - term interest rate risks are signaled by the central bank, and the Bank of Japan's interest rate decision should be watched [1]. Metals Non - ferrous metals - Aluminum: Prices are in high - level wide - range oscillations due to limited industrial drivers and fluctuating risk appetite [1]. - Alumina: Production and inventory are both increasing, the fundamental situation is weak, some short - positions are closed in the short term with a price rebound, but the upward driving force is limited [1]. - Zinc: After the digestion of short - term macro - benefits, the fundamentals have improved, the cost center has moved up, but the price is under pressure due to news such as LME position limits, and low - long opportunities can be focused on [1]. - Nickel: The overall US non - farm data is weak, the macro - sentiment is fluctuating. Indonesian nickel ore premiums are stable in December. Global nickel inventory is high, and short - term prices may oscillate weakly. In the long - term, the primary nickel market remains in an oversupply situation [1]. - Stainless steel: The price of raw material nickel has declined, and the stainless steel futures are oscillating weakly. Short - term operations are recommended, and opportunities for selling hedging at high prices can be considered [1]. - Tin: Prices are oscillating in the short term due to the tense situation in the Congo and fluctuating macro - sentiment, but a bullish view is held in the long term, and opportunities for low - long after corrections can be focused on [1]. Precious metals - Gold: Prices are expected to oscillate in the short term but have upward potential in the long term [1]. - Silver: Prices are fluctuating sharply and are likely to have wide - range oscillations in the short term [1]. - Platinum: Prices are expected to be strong in the short term and can be bought at low prices in the long term [1]. - Palladium: May follow platinum to be strong in the short term; a [long platinum, short palladium] arbitrage strategy can be considered in the medium term [1]. New Energy - related - Industrial silicon: Northwest production is increasing while southwest production is decreasing. Polycrystalline silicon and organic silicon production schedules are decreasing in December. There is an expectation of capacity reduction in the long - term, and terminal installation is improving marginally in the fourth quarter [1]. - Polycrystalline silicon: It is the traditional peak season for new energy vehicles, energy storage demand is strong, supply - side复产 is increasing, and there is pressure at the 100,000 - yuan key point [1]. Black Metals - Rebar and hot - rolled coil: For both, the value of futures - spot positive arbitrage positions can be rolled for profit - taking. The futures - spot basis and production profit are not high, indicating that the price valuation is not high, and short - chasing is not recommended [1]. - Iron ore: Near - month contracts are restricted by production cuts, but the commodity sentiment is good, and there are upward opportunities for far - month contracts [1]. - Manganese silicon: Direct demand is weak, supply is high, inventory is accumulating, and the price is under pressure [1]. - Ferroalloy: Supply and demand provide support, the valuation is low, but short - term sentiment dominates, and the price is fluctuating strongly [1]. - Glass: Follows the general trend, with acceptable supply - demand and low valuation, and the downward space is limited, and it may be under pressure and oscillate [1]. - Soda ash: Follows glass, with acceptable supply - demand and low valuation, and may be under pressure and oscillate [1]. - Coking coal and coke: After the release of negative news, there are signs of stabilization, and attention should be paid to the spot situation this week and whether downstream enterprises will start winter storage replenishment [1]. Agricultural Products - Soybeans: The USDA report has no highlights. The short - term negative impact of imported soybean auctions on the supply side should be focused on. It is recommended to short the 05 contract due to the expected bumper harvest in global main producing areas [1]. - Cotton: There is strong expectation of a domestic bumper harvest, and the purchase price of seed cotton supports the cost of lint. The downstream opening rate is low, but the yarn mill inventory is not high, with rigid replenishment demand. The cotton market is currently in a situation of "having support but no driver", and future policies, planting area, weather, and demand in the peak season should be watched [1]. - Sugar: There is a global surplus and a significant increase in domestic new - crop supply, with a strong consensus among short - sellers. If the price continues to fall, there is strong cost support, but the short - term fundamentals lack continuous drivers, and changes in the capital side should be watched [1]. - Corn: The quantity of grain entering the port drying towers is increasing, but farmers are still reluctant to sell. The short - term expectation is weakly oscillating, and attention should be paid to the grain - selling progress and inventory changes at each link [1]. - Soybean meal: US soybean exports are weak, South American weather has no obvious driving factors for speculation, and domestic far - month crushing margins are good. The short - term expectation is oscillating, and attention should be paid to subsequent auction volumes and the domestic customs inspection and quarantine policy [1]. - Pulp: Paper pulp futures are fluctuating due to the contradiction between "weak demand" and "strong supply" expectations. It is recommended to wait and see for unilateral operations, and consider a 1 - 5 reverse spread for the monthly spread [1]. - Logs: Log futures are falling due to the decline in foreign quotes and spot prices. The 01 contract is under great pressure as the delivery month approaches and is expected to oscillate weakly [1]. Energy and Chemicals - Crude oil: OPEC+ has suspended production increases until the end of 2026, the Russia - Ukraine peace agreement is being promoted, and the US has increased a new round of sanctions against Russia [1]. - Fuel oil: Follows crude oil in the short term. The demand for "14th Five - Year Plan" construction is likely to be disproven, the supply of Ma Rui crude oil is sufficient, and the asphalt profit is high [1]. - Asphalt: The raw material cost provides strong support, the futures - spot price difference is at a low level, and the mid - stream inventory may start to accumulate [1]. - Natural rubber: The cost of butadiene has increased, supporting downstream products. The private factory's transaction price has increased, and the main factory's listed price has been raised. The operating rate of butadiene rubber is high, and there are rumors of a South Korean factory closing, boosting market sentiment [1]. - PTA: The cost of PX is high, and the PTA profit is under pressure, but integrated enterprises have an advantage in raw material self - sufficiency. The polyester load is maintained at a high level, and the PTA consumption remains high [1]. - Short - fiber: The price continues to closely follow the cost [1]. - Styrene: The cost of benzene and naphtha provides some support, but the overall production economy is negative. The spot market sentiment is warming up, and the short - term replenishment demand is reflected in the slight premium of forward prices. The total inventory remains high without significant destocking [1]. - Propylene: There is limited upside space due to weak export sentiment and insufficient domestic demand, but there is support from anti - reflux and the cost side [1]. - PP: There are fewer overhauls, the operating load is high, the supply pressure is large, downstream improvement is less than expected, and the cost is supported by high - priced propylene monomers [2]. - PE: The operating load is high, the supply pressure is large, downstream improvement is less than expected, and the cost is affected by the decline in oil prices [2]. - PVC: The market is returning to fundamentals, with more new capacity coming online, increasing supply pressure, and weakening demand [2]. - Caustic soda: The delivery of alumina in Guangxi has started, some alumina plants have postponed production, and the procurement rhythm has slowed down. There is inventory pressure in Shandong, and the price of liquid chlorine is high [2]. - LPG: Geopolitical and tariff issues are easing, the international oil and gas market is returning to a fundamentally loose situation. CP and FEI have recently rebounded. The northern hemisphere's combustion demand is gradually being released, and the domestic C3/C4 production and sales are smooth. The PG price is oscillating within a range after a correction [2]. Others - Shipping: In the container shipping market, the price increase in December did not meet expectations, and the price increase expectation during the peak season has been priced in. The supply of shipping capacity in December is relatively loose [2]. - Paper: The paper pulp futures are fluctuating due to the contradiction between "weak demand" and "strong supply" expectations. It is recommended to wait and see for unilateral operations, and consider a 1 - 5 reverse spread for the monthly spread. The log futures are expected to oscillate weakly [1].

Core Insights - Gold has reached a new all-time high, driven by institutional buying rather than retail frenzy, indicating a shift in market dynamics [4][19][63] - Central banks are significant buyers of gold, motivated by the desire to diversify reserves amid geopolitical tensions and the weaponization of the dollar [6][66][71] - The correlation between gold and Bitcoin remains low, with gold being favored as a safer asset during market volatility [14][94] Institutional and Retail Dynamics - The current gold market is characterized by institutional buying, contrasting with historical trends where retail investors drove prices during peaks [4][19] - Speculators have returned to the market, increasing volatility, but the primary demand is from institutions seeking diversification [11][35] Central Bank Influence - Central banks, particularly from BRICS nations, are increasing their gold reserves, which is expected to continue driving prices higher [66][71] - The trend of central banks diversifying away from the US dollar is a key factor supporting gold prices [6][66] Economic Indicators and Market Sentiment - The rise in gold prices is linked to expectations of Federal Reserve rate cuts and ongoing geopolitical tensions, particularly US-China trade relations [29][63] - Gold's performance is seen as a reflection of broader economic concerns, including inflation and currency stability [17][71] Silver and Other Precious Metals - Silver has also seen significant price increases, driven by both its industrial applications and its status as a cheaper alternative to gold [86][88] - The silver market is experiencing a supply deficit, which is expected to support higher prices in the future [52][39] Investment Strategies - Investors are exploring various ways to gain exposure to gold, including physical gold, ETFs, and mining stocks, each with its own risk and return profile [75][78] - The market is witnessing a shift towards gold ETFs as a more accessible investment vehicle compared to physical gold [74][75] Future Projections - Analysts predict that gold could reach prices between $4,500 and $5,200 in the coming year, depending on market conditions and central bank policies [69][96] - The potential for corrections exists, but the overall sentiment remains bullish due to structural factors supporting gold prices [70][94]

Core Insights - The gold market in Shanghai is experiencing active trading, with gold prices being the focal point of the market [1][16] - The international gold price has seen a significant decline, while platinum and palladium prices have shown strong performance [5][16] Group 1: Gold Market Overview - On September 28, 2025, the Shanghai gold trading price was set at 856.8 CNY per gram, with futures slightly lower at 856.12 CNY per gram [1] - The price range for gold jewelry varies significantly, from 879 CNY to 1108 CNY per gram, reflecting differences in brand, craftsmanship, and design [1] - Major banks have differing prices for investment gold bars, with Agricultural Bank's price at 893.19 CNY per gram being the highest among banks [1] Group 2: Jewelry Brand Pricing - Major jewelry brands like Chow Tai Fook, Luk Fook, and others are offering 99.9% pure gold products at a uniform price of 1108 CNY per gram [2] - Chow Sang Sang's pricing is slightly higher at 1109 CNY per gram, while Lao Feng Xiang and Lao Miao Huang Jin have the highest price at 1110 CNY per gram [2] - Brands like Cai Bai and China Gold offer more competitive pricing at 1058 CNY per gram for their 99.9% pure gold products [2] Group 3: Paper Precious Metals Market - The price of paper gold was recorded at 863.71 CNY per gram, showing a slight decrease of 0.36% [3] - Paper silver prices increased slightly to 10.56 CNY per gram, while paper platinum and palladium prices experienced minor declines [3] Group 4: International Precious Metals Market - International gold prices fell to 3311.86 USD per ounce, marking a decline of 1.27% [5] - In contrast, international platinum prices rose significantly to 1176.76 USD per ounce, up by 3.03% [5] - Palladium prices surged to 1065.20 USD per ounce, reflecting a robust increase of 5.36% [5] Group 5: Precious Metals Recycling Market - The buyback price for gold jewelry is set at 840 CNY per gram, ensuring 99.9% purity [6] - Platinum jewelry has a buyback price of 325 CNY per gram, while 18K gold is priced at 606 CNY per gram based on actual gold content [7][8] - Palladium jewelry is valued at 245 CNY per gram, with a purity of 95% [9] Group 6: Price Increases in High-End Brands - The international gold price has increased over 40% this year, prompting many high-end Chinese gold brands to raise their prices [14] - Brands like Chow Sang Sang have raised retail prices to 1100 CNY per gram, reflecting the rising costs of gold materials and craftsmanship [14] - Despite price increases, consumer demand remains strong, with reports of buying frenzies at various high-end jewelry stores [15][16]

Group 1: Market Overview - The US dollar index is trading around 98.26, while spot gold opened at $3430.30 per ounce and is currently trading at approximately $3439.01 per ounce [1] - The previous trading day saw the US dollar index rise by 0.28% to 98.14, and spot gold increased by 1.38% to $3431.99 per ounce [1] - Other precious metals experienced declines, with spot silver down 0.12% to $36.29 per ounce, platinum down 5.25% to $1228.33 per ounce, and palladium down 3.18% to $1028.20 per ounce [1] Group 2: Inventory Data - As of June 13, COMEX gold inventory remains unchanged at 1175.39 tons, while COMEX silver inventory increased by 8.07 tons to 15503.85 tons [2] - SPDR gold ETF holdings increased by 2.58 tons to 940.49 tons, whereas SLV silver ETF holdings decreased by 53.72 tons to 14675.36 tons [2] Group 3: Geopolitical Events - Israel and Iran engaged in mutual attacks over the weekend, resulting in multiple casualties [4] - Israeli authorities reported at least 10 fatalities, including children, while Iran claimed that at least 138 people have died in Israeli attacks since last Friday, with a significant number being children [5] - Reports indicate that at least 14 Iranian nuclear scientists were killed in the Israeli strikes [6]

Group 1: Price Performance - The latest price of London Gold is 3391.40 with a change of 61.70 [1] - The latest price of London Silver is 36.18 with a change of -0.02 [1] - The latest price of London Platinum is 1269.00 with a change of 51.00 [1] - The latest price of London Palladium is 1072.00 with a change of 10.00 [1] - The latest price of LME Copper is 9680.00 with a change of -97.50 [1] Group 2: Trading Data - The latest trading data for certain items are - (not specified), 1226.15, 937.91, 14729.08, 1347.54, 2, 2 respectively [1] - The changes in trading data are - (not specified), -3.67, 3.72, 0.00, 0.00, 1.00, 0.00 respectively [1] Group 3: Precious Metal Ratios and Related Information - Information about COMEX silver inventory,上期所白银库存, gold ETF持仓, silver ETF持仓, 上金所白银库存, 上金所黄金递延费支付方向, 上金所白银递延费支付方向 is presented but specific values are not fully shown [1] - The report also mentions升贴水、库存、ETF持仓变化 [2] Group 4: Data Source - The data in the report is sourced from Bloomberg, Yong'an Yuandian Information, and Wind [3]