满屏除了避险黄金和黄金股 以及国债。其它全是绿色的。 | 恒指期货 | 恒生科技期货 | 纳指100小型 | | --- | --- | --- | | 24968 | 5939 | 24617.00 | | -1314 -5.00% | -312 -4.99% | -672.25 -2.66% | | 道琼斯 | 纳斯达克 | 标普500 | | 45655.69 | 22368.23 | 6590.29 | | -702.73 -1.52% | -656.40 -2.85% | -144.82 -2.15% | | 伦敦金现 | 伦敦银现 | COMEX重金 | | 4007.887 | 49.923 | 4016.0 | | +31.937 +0.80% | +0.718 +1.46% | +43.4 +1.09% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 47.435 | 913.26 | 11059 | | +0.278 +0.59% | +3.82 +0.42% | -154 -1.37% | 美股大跌 纳斯达克跌了2.8%了。A50期货跌了3.86%。 每次长假后都要这 ...

| | | | | 国贸期货研究院 | | 投资咨询号:Z0013700 | | | 2025/10/10 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 宏观金融研究中心 白素娜 | | 人业资格号:F3023916 | | | | | | | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2512 | AG2512 | AU (T+D) | AG (T+D) | | 内外盘金 | 日期 | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | (元/千克) | (元/克) | (元/千克) | | 银15点价 格龈踪 | 2025/10/9 | 4028. 99 | 48. 97 | 4048. 10 | 48. 30 | 914. 32 | 11169.00 | 910. 93 | 11129.00 | | (本表数 | | | | | | | | | | | 据来源: | 2025/9/30 | 3855. 84 | 46. 81 | ...

中国基金报记者 李智 根据美国劳工部消息，政府停摆导致关键经济数据延迟发布，可能影响2026年社会保障生活成本调整方案的公布进程。 劳工部下属劳工统计局原定于10月15日发布新版消费者价格指数数据，社会保障管理局本计划依据该数据于本月宣布2026年度生活成本调整方案。但劳工 部在此前发布的应急预案中明确表示，停摆期间劳工统计局将暂停运作。 据外媒报道，美国国会参议院10月3日将再次就延长联邦政府资金的临时拨款法案进行投票。如果未能通过，联邦政府停摆或将持续到下周。 古尔斯比：对提前大幅降息持谨慎态度 一起来关注下海外的最新资讯。 受美国政府停摆影响 美国9月失业率等数据延迟公布 受美国政府停摆影响，原定于北京时间10月3日20:30公布的美国9月季调后非农就业人口变动、美国9月失业率数据尚未公布。 美国劳工部长表示，一旦政府重新开门，将立即公布九月就业数据。 惠誉评级在一份报告中表示，美国政府若长期停摆，可能会导致经济增长小幅放缓。若停摆造成的干扰持续时间较长，尤其是同时出现大规模资金撤回或 劳动力削减的情况，可能会轻微拖累美国经济增长。不过惠誉评级指出，短期内政府停摆对经济的影响预计将较为有限。 美国联邦政 ...

10月1日晚间，美股三大指数集体低开，中概股表现强势。不过，截至发稿，美股三大指数跌幅收窄，道指一度翻红。 板块方面，固态电池、充电桩、激光雷达等板块领涨。中资股中，光伏、新能源、互联网金融涨幅居前。个股方面，中国循环能源涨超14%，阿特斯太阳 能涨超5%。 消息面上，美国刚刚发布的非农数据爆冷，美联储降息预期升温。数据显示，美国9月ADP就业人数减少3.2万人，预期增加5.1万人，前值增加5.4万人。 数据公布后，交易员提高对年内美联储进一步降息两次的押注。美元指数短线走低，贵金属和数字货币走高。 同时，全球聚焦美政府停摆带来的影响。当地时间1日凌晨0时，美国联邦政府时隔近七年再"停摆"。这意味着除了被视为提供"必要服务"的政府雇员外， 数十万联邦雇员将被迫无薪休假，部分公共服务可能被暂停或延迟，经济数据发布也将受到影响。 责编：陈丽湘 | | 国际贵金属 | | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | 伦敦金现 | 3871.255 | 12.845 | 0.33% | | 伦敦银现 | 47.642 | 0.978 | 2.10% | | ...

H B : 1 : 5 : 2 : ITG国贸期货 贵金属数据日报 | | | | | 国贸期货研究院 | | 投资咨询号: Z0013700 | | | 2025/9/25 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 宏观金融研究中心 白素娜 | | 从业资格号:F3023916 | | | | | | | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2510 | AG2510 | AU (T+D) | AG (T+D) | | 内外盘金 银15点价 | 日期 | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | (元/千克) | (元/克) | (元/千克) | | 格跟踪 | 2025/9/24 | 3772. 46 | 44. 08 | 3805. 70 | 44. 35 | 856. 04 | 10354. 00 | 855. 14 | 10330.00 | | (本表数 据来源: | 2025/9/23 | 3752. 1 ...

投资咨询业务资格:证监许可【2012】31号 日期 美债10年期收益率 日期 美债2年期收益率 NYMEX原油 美元指数 VIX 标普500 美元/人民币中间价 2025/9/16 2025/9/15 7. 10 97.36 3.54 4. 05 15. 69 6615. 28 63. 28 利率/汇 室/版市 7.11 2025/9/15 2025/9/12 97.62 3.56 4. 06 14. 76 6584. 29 62. 60 涨跌幅 涨跌幅 -0. 04% -0. 27% -0. 56% -0. 25% 6. 30% 0. 47% 1. 09% 1,050 16,000 250 | 110.00 4,200 120 40 200 30 110 1,000 3,700 JEO 100.00 15,000 20 100 100 10 3,200 950 90 90.00 14,000 2,700 900 80.00 图表分析 2,200 13,000 850 60 70.00 1,700 50 12,000 800 60.00 1,200 2025-09 2024-09 2023-05 2024-0 ...

Report Industry Investment Rating - Not provided in the report Core View - The weak performance of US employment data in August, the flat year-on-year rate of core CPI in the consumer inflation, and Trump's continuous pressure or replacement of Fed officials have led more Fed officials to support interest rate cuts. The market expects the Fed to cut interest rates by 25 basis points in September, October, and December. Coupled with geopolitical risks such as the Russia-Ukraine conflict and the continuous gold purchases by central banks of many countries, precious metal prices are likely to rise and difficult to fall [1] Summary of Related Catalogs Market Data - **Shanghai Gold Futures**: On September 16, 2025, the closing price was 829.72 yuan/gram, with a trading volume of 9,882.00 and an open interest of 208,096.00. The inventory remained unchanged at 53,226.00 (in ten grams) [1] - **Spot Shanghai Gold T+D**: On September 16, 2025, the closing price was 829.72 yuan/gram, with a trading volume of 9,882.00 and an open interest of 208,096.00 [1] - **COMEX Gold Futures**: On September 16, 2025, the closing price was 3,677.60 US dollars/ounce, with a trading volume of 220,410.00 and an open interest of 385,580.00. The inventory was 39,180,931.12 (in gold ounces) [1] - **London Gold Spot**: On September 16, 2025, the price was 3,632.65 US dollars/ounce [1] - **SPDR Gold ETF Holdings**: On September 16, 2025, the holdings were 979.95 tons [1] - **iShare Gold ETF Holdings**: On September 16, 2025, the holdings were 464.57 tons [1] - **Shanghai Silver Futures**: On September 16, 2025, the closing price was 10,017.00 yuan/kilogram, with a trading volume of 356,647.00 and an open interest of 195,504.00 [1] - **Spot Shanghai Silver T+D**: On September 16, 2025, the closing price was 10,017.00 yuan/kilogram, with a trading volume of 356,647.00 and an open interest of 195,504.00 [1] - **COMEX Silver Futures**: On September 16, 2025, the closing price was 43.19 US dollars/ounce, with a trading volume of 63,715.00 and an open interest of 134,910.00. The inventory was 518,898,317.13 (in silver ounces) [1] - **London Silver Spot**: On September 16, 2025, the price was 42.69 US dollars/ounce [1] - **US iShare Silver ETF Holdings**: On September 16, 2025, the holdings were 15,137.37 tons [1] - **TPSLV Silver ETF Holdings**: On September 16, 2025, the holdings were 6,129.64 tons [1] Important Information - Milan has been confirmed as a Fed governor and will participate in this week's interest rate decision. The US Court of Appeals rejected Trump's request to remove a Fed governor, and Cook is allowed to attend this week's interest rate decision [1] - US House Republicans proposed a short-term spending bill to avoid a government shutdown, but ignored the Democrats' healthcare requirements. US retail sales in August increased by 0.6% month-on-month, exceeding expectations for three consecutive months, and real retail sales have increased for 11 consecutive months [1] Trading Strategy - The main strategy is to go long when prices fall. For London gold, pay attention to the support level around 3,400 - 3,500 and the resistance level around 3,750 - 3,840. For Shanghai gold, pay attention to the support level around 800 - 810 and the resistance level around 840 - 850. For London silver, pay attention to the support level around 39 - 40 and the resistance level around 43 - 46. For Shanghai silver, pay attention to the support level around 9,500 - 9,700 and the resistance level around 10,300 - 10,500 [1]

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The weak performance of the US employment data in August, the core CPI annual rate of consumer - end inflation meeting expectations and the previous value, more Fed officials supporting interest rate cuts, and Trump's continuous pressure or potential replacement of Fed officials have led the market to expect that the Fed may cut interest rates by 25 basis points consecutively in September, October, and December. Combined with geopolitical risks such as the Russia - Ukraine conflict and the continuous gold purchases by central banks around the world, precious metal prices are likely to rise and difficult to fall [1]. 3. Summary by Directory Market Data Summary **Gold** - Shanghai Gold: The closing price was 4.25 yuan/gram, with a trading volume of 36,270 and a position of 206,336. The price difference between the near - month and far - month contracts was 1.72, and the basis (spot - futures) was - 3.88 [1]. - International Gold: The closing price of the COMEX active futures contract was 3,680.70, with a trading volume of 147,566 and a position of 385,713. The London gold spot price was 3,546.30 dollars/ounce. The SPDR Gold ETF held 974.80 tons, and the iShare Gold ETF held 457.86 tons [1]. **Silver** - Shanghai Silver: The closing price was 9,772.00 yuan/ten - grams, with a trading volume of 304,080 and a position of - 78,720. The price difference between the near - month and far - month contracts was - 75.00, and the basis (spot - futures) was - 15.00 [1]. - International Silver: The closing price of the COMEX active futures contract was 41.32, with a trading volume of 66,072 and a position of 133,690. The London silver spot price was 42.26 dollars/ounce. The US iShare - Silver ETF held 15,230.57 tons, and the Canadian PSLV Silver ETF held 6,129.64 tons [1]. Important Information - The US government is facing a "shutdown" crisis again due to the Democrats' demand to include the subsidy extension of the Affordable Care Act in the government appropriation bill. If the subsidy expires, the medical insurance premiums of about 22.4 million Americans will rise significantly [1]. - The "Central Bank Super Week" is coming, and major central banks such as the Fed, the Bank of Canada, the Bank of England, and the Bank of Japan will announce their interest rate decisions [1]. Trading Strategy - The main strategy is to buy on price dips. For London gold, pay attention to the support level around 3,400 - 3,500 and the resistance level around 3,650 - 3,750. For Shanghai gold, focus on the support level around 800 - 810 and the resistance level around 840 - 850. For London silver, pay attention to the support level around 38 - 39 and the resistance level around 41 - 43. For Shanghai silver, focus on the support level around 9,000 - 9,500 and the resistance level around 10,000 - 10,500 [1].

Report Summary 1. Report Industry Investment Rating - No industry investment rating information is provided in the report. 2. Core View of the Report - In the short - term, due to factors such as the core PCE rebound in the US in July (highest since February but in line with expectations), the decline of the Michigan consumer confidence index, the weakening of the US dollar, the escalation of the geopolitical situation between Israel and the Houthi armed forces, and the ruling of the US appellate court on most global tariff policies, the price of precious metals is expected to continue to be strong. Short - term strategies suggest holding long positions or buying on dips [3]. - In the long - term, with the expectation of the Fed's interest rate cuts, continuous global geopolitical uncertainties, intensified great - power games, and the wave of de - dollarization, the central banks' gold purchases are expected to continue, and the long - term center of gold prices is likely to rise [3]. 3. Summary by Relevant Catalogs a. Price Tracking - **Precious Metal Prices**: On August 29, 2025, London gold spot was at $3411.45 per ounce (up 0.5% from the previous day), London silver spot was at $38.82 per ounce (down 0.1%), COMEX gold was at $3470.00 per ounce (up 0.5%), COMEX silver was at $39.49 per ounce (unchanged), AU2510 was at 785.12 yuan per gram (up 0.2%), AG2510 was at 9386 yuan per kilogram (up 0.1%), AU (T + D) was at 782.05 yuan per gram (up 0.2%), and AG (T + D) was at 9357 yuan per kilogram (up 0.1%) [3]. - **Price Spreads/Ratios**: On August 29, 2025, the gold TD - SHFE active price spread was - 3.07 yuan per gram (up 2.3% from the previous day), the silver TD - SHFE active price spread was - 29 yuan per kilogram (down 9.4%), the gold internal - external price spread (TD - London) was 2.99 yuan per gram (down 33.5%), the silver internal - external price spread (TD - London) was - 584 yuan per kilogram (down 3.2%), the SHFE gold - silver ratio was 83.65 (up 0.1%), the COMEX gold - silver ratio was 87.88 (up 0.6%), AU2512 - 2510 was 2.30 yuan per gram (down 1.7%), and AG2512 - 2510 was 24 yuan per kilogram (up 20.0%) [3]. b. Position Data - As of August 29, 2025, the gold ETF - SPDR was at 977.68 tons (up 1.01% from the previous day), the silver ETF - SLV was at 15309.99769 tons (down 0.15%), the non - commercial long positions of COMEX gold were 275767 contracts (up 0.18%), the non - commercial short positions were 61456 contracts (down 1.96%), the non - commercial net long positions were 214311 contracts (up 0.81%), the non - commercial long positions of COMEX silver were 68227 contracts (up 0.18%), the non - commercial short positions were 21761 contracts (up 0.97%), and the non - commercial net long positions were 46466 contracts (down 0.18%) [3]. c. Inventory Data - On August 29, 2025, the SHFE gold inventory was 39624 kilograms (up 0.30% from the previous day), the SHFE silver inventory was 1195996 kilograms (up 1.48%), the COMEX gold inventory was 38925853 troy ounces (up 0.42%), and the COMEX silver inventory was 518232360 troy ounces (up 0.20%) [3]. d. Interest Rates/Exchange Rates/Stock Market - On August 29, 2025, the USD/CNY central parity rate was 7.10 (down 0.05% from the previous day), the US dollar index was 97.85 (down 0.02%), the 2 - year US Treasury yield was 3.59% (down 0.83%), the 10 - year US Treasury yield was 4.23% (up 0.24%), the VIX was 15.36 (up 6.44%), the S&P 500 was 6460.26 (down 0.64%), and NYMEX crude oil was $64.01 per barrel (down 0.48%) [3]. e. Market News and Analysis - **US Economic Data**: The US core PCE price index annual rate in July was 2.9% (highest since February, in line with expectations), the PCE price index annual rate was 2.6% (in line with expectations), the core PCE price index monthly rate was 0.3% (in line with expectations), the PCE price index monthly rate was 0.2% (in line with expectations), and personal spending growth rate was 0.5% (highest since September) [3]. - **Policy and Geopolitical News**: The US appellate court ruled that most of the global tariff policies implemented by President Trump were illegal. The Houthi armed forces in Yemen are preparing to confront Israel after the death of several high - level officials in an Israeli air strike [3].

Group 1: Report Overview - Report Title: Precious Metals Data Daily Report [4] - Date: August 11, 2025 [5] - Author: Baishuna from the Macro - Financial Research Center of Guomao Futures Research Institute [5] Group 2: Price and Position Data Price Data - On August 8, 2025, COMEX silver was at $3394.74, London gold spot at $787.80, London silver spot at $38.57, COMEX gold at $9278.00, AG (T + D) at $783.43, AU (T + D) at $9238.00, AU2510 at $3499.20, and AG2510 at $38.30. Compared with August 7, the price increases were 0.2%, 0.5%, 1.2%, 0.6%, 0.2%, 0.4%, 0.2%, and 0.3% respectively [5]. - The price differences and their increases or decreases between different markets and varieties are also presented, such as the gold internal - external market (TD - London) spread, COMEX gold - silver ratio, etc. For example, the gold internal - external market (TD - London) spread on August 8 was - 4.37 yuan/gram, with a 5.1% increase from the previous day [5]. Position Data - COMEX gold and silver non - commercial long and short positions, gold and silver ETF holdings, and their changes are provided. For example, COMEX gold non - commercial long positions on August 8 were 237050, a - 11.50% change from the previous day [5]. Group 3: Inventory and Market Index Data Inventory Data - COMEX and SHFE gold and silver inventories and their changes are given. For example, COMEX silver inventory on August 8 was 506492427 troy ounces, a - 0.22% change from the previous day [5]. Market Index Data - Data on US Treasury yields, the US dollar/Chinese yuan exchange rate, the S&P 500, NYMEX crude oil, the US dollar index, and VIX are presented, along with their changes. For example, the 2 - year US Treasury yield on August 8 was 7.14, a - 8.57% change from the previous day [5]. Group 4: Market News - US President Trump announced on August 8 that he will meet with Russian President Putin in Alaska on August 15, stating that the Ukraine situation may be resolved soon [5]. - Trump nominated Stephen Milan as a Federal Reserve governor, and the St. Louis Fed President supported the decision to keep interest rates unchanged last week [5]. - The US Customs and Border Protection initially ruled that 1 - kilogram and 100 - ounce gold bars should be taxed, but the Trump administration will issue a new policy clarifying that gold bar imports should not be taxed [5]. - The Israeli government approved a plan to occupy the Gaza Strip after a 10 - hour discussion [5]. Group 5: Market Analysis Short - term Logic - On August 8, the main contract of Shanghai gold futures rose 0.56% to 787.8 yuan/gram, and the main contract of Shanghai silver futures rose 0.84% to 9278 yuan/kilogram [5]. - Short - term factors affecting precious metal prices include potential additional US tariffs on countries buying Russian oil, nominations of Federal Reserve officials, China's central bank's continuous gold purchases for 9 months, upcoming US - Russia leader meetings, and the clarification of gold bar import tariffs. The short - term upward momentum of gold prices may be limited, but the Fed's high probability of cutting interest rates in August and tariff uncertainties are expected to support gold prices at a high level. Silver prices may continue to be strong in the short - term but should be cautious about the upside in the medium - term [5]. Medium - and Long - term Logic - The Fed still has a certain probability of cutting interest rates this year. With continuous global geopolitical uncertainties, intensified major - power games, and the trend of de - dollarization, central bank gold purchases are expected to continue, and the medium - and long - term center of gold prices is likely to move up [5].