沪金期货

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五矿期货贵金属日报-20250827
Wu Kuang Qi Huo· 2025-08-27 01:04
贵金属日报 2025-08-27 钟俊轩 贵金属研究员 从业资格号:F03112694 交易咨询号:Z0022090 电话:0755-23375141 邮箱: zhongjunxuan@wkqh.cn 贵金属 沪金涨 0.21 %,报 781.86 元/克,沪银跌 0.30 %,报 9326.00 元/千克;COMEX 金涨 0.24 %, 报 3441.10 美元/盎司,COMEX 银涨 0.22 %,报 38.69 美元/盎司; 美国 10 年期国债收益率 报 4.26%,美元指数报 98.24 ; 市场展望: 昨夜公布的美国经济数据表现强势,这令金银价格短线承压,但特朗普对于联储理事库克职位 的解除则进一步削弱联储的独立性,美联储在中期货币政策转向鸽派是具备确定性的。 美国 7 月耐用品订单环比值为-2.8%,高于预期的-4%以及前值的-9.4%。美国 8 月里奇蒙德联 储制造业指数为-7,高于预期的-11 以及前值的-20。美国 8 月谘商会消费者信心指数为 97.4, 高于预期的 96.2。耐用品订单数据公布后金银价格短线回落。 同时,特朗普于昨日宣布解除美联储理事库克的职位,理由是其在财务交易中涉 ...
8月26日上期所沪金期货仓单较上一日减少12千克
Jin Tou Wang· 2025-08-26 09:39
沪金主力盘内高位震荡,周二(8月26日)开盘价778.44元/克,截至目前最高782.40元/克,最低778.26 元/克。截止发稿报781.12元/克,涨幅0.28%,成交量为118442手,持仓为174588手,日持仓减少5563 手。 上海期货交易所指定交割仓库期货(8月26日)仓单日报显示,黄金期货总计37503千克,今日仓单较上 一日减少12千克。 上海期货交易所黄金期货仓单日报(单位:千克) 韩国总统李在明险些经历他所称的"泽连斯基时刻"。特朗普在华盛顿欢迎他前,先在社交媒体上抛出了 右翼阴谋论,但最终两人还是顺利完成了一场高风险的峰会,没有出现外界担忧的突发冲突。这是这两 位领导人首次会晤。官员和分析人士普遍认为,尽管开局不利,但整体结果仍符合韩国方面的期待。 | 上期所指定交割金库 | 期货 | 增减 | | --- | --- | --- | | | 37503 | -12 | ...
瑞达期货贵金属产业日报-20250826
Rui Da Qi Huo· 2025-08-26 09:35
威胁,或边际影响美元信用,支撑黄金避险买盘需求。继美乌谈判结束后,俄方仍对乌方进行大规模无人 数据来源第三方,观点仅供参考。市场有风险,投资需谨慎! 机袭击,预示俄方实际想达成停火的意愿偏低,避险情绪支撑金价中枢。降息中期主逻辑仍利多金银价, 研究员: 廖宏斌 期货从业资格号F3082507 期货投资咨询从业证书号Z0020723 但短期内缺乏重大宏观催化因素或维持区间震荡运行。操作上建议,待回调后轻仓布局,多头短期注意回 免责声明 贵金属产业日报 2025-08-26 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) | 781.12 | 1.94 沪银主力合约收盘价(日,元/千克) | 9354 | -40 | | | 主力合约持仓量:沪金(日,手) | 174588 | -5563 主力合约持仓量:沪银(日,手) | 303822 | -18952 | | | 沪金主力前20名净持仓(日,手) | 161166 | 1140 沪银主力前20名净持 ...
瑞达期货贵金属产业日报-20250821
Rui Da Qi Huo· 2025-08-21 09:02
1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - Shanghai gold and silver main contracts closed slightly higher, maintaining a narrow - range oscillation during the session. Trump pressured Fed officials again, which may marginally affect the US dollar's credit and support the safe - haven demand for gold. The precious metals market was pressured by the spill - over effect of steel and aluminum tariffs, mainly driven by market sentiment. The market is currently focused on the cease - fire expectation between Russia and Ukraine and the expected trading around the Fed's interest - rate cut at the Jackson Hole meeting on Friday. If Powell further releases hawkish signals, the US dollar index and US Treasury yields may continue to rebound, putting pressure on the upward movement of gold prices. In the short term, if there is no significant progress in the geopolitical situation, the precious metals market is expected to continue to oscillate within a range. In the medium term, interest - rate cuts will provide strong bottom support for gold prices. If the Russia - Ukraine negotiations make substantial progress, it may further release the callback pressure on gold prices; otherwise, it may increase the demand for safe - haven buying. Operationally, it is recommended to stay on the sidelines for gold in the short term and focus on short - term rebound trading opportunities for silver. The focus range for the Shanghai gold 2510 contract is 770 - 800 yuan/gram, and for the Shanghai silver 2510 contract is 9000 - 9200 yuan/kilogram [3] 3. Summary by Relevant Catalogs 3.1 Futures Market - Shanghai gold main contract closing price (daily, yuan/gram): 775.12, up 2.44; Shanghai silver main contract closing price (daily, yuan/kilogram): 9162, up 120 - Main contract positions: Shanghai gold (daily, lots): 183215, down 8259; Shanghai silver (daily, lots): 307098, down 11580 - Net positions of the top 20 in the Shanghai gold main contract (daily, lots): 162201, up 1447; Net positions of the top 20 in the Shanghai silver main contract (daily, lots): 116447, up 2105 - Warehouse receipt quantity: Gold (daily, kilograms): 36642, up 60; Silver (daily, kilograms): 1115055, down 25144 [3] 3.2 Spot Market - Shanghai Non - ferrous Metals Network gold spot price (daily, yuan/gram): 773.25, up 4.55; Shanghai Non - ferrous Metals Network silver spot price (daily, yuan/kilogram): 9143, up 117 - Basis of Shanghai gold main contract (daily, yuan/gram): - 1.87, up 2.11; Basis of Shanghai silver main contract (daily, yuan/kilogram): - 19, down 3 [3] 3.3 Supply - Demand Situation - Gold ETF holdings (daily, tons): 962.21, down 3.15; Silver ETF holdings (daily, tons): 15339.66, down 16.94 - Gold CFTC non - commercial net positions (weekly, contracts): 229485, down 7565; Silver CTFC non - commercial net positions (weekly, contracts): 44268, down 6390 - Total gold supply (quarterly, tons): 1313.01, up 54.84; Total silver supply (annually, million troy ounces): 987.8, down 21.4 - Total gold demand (quarterly, tons): 1313.01, up 54.83; Total global silver demand (annually, million ounces): 1195, down 47.4 [3] 3.4 Option Market - Historical volatility: 20 - day for gold (daily, %): 10.17, down 0.53; 40 - day for gold (daily, %): 10.6, up 0.12 - Implied volatility of at - the - money call options for gold (daily, %): 16.54, down 0.82; Implied volatility of at - the - money put options for gold (daily, %): 16.55, down 0.81 [3] 3.5 Industry News - The Fed's July meeting minutes showed that almost all policymakers supported not cutting interest rates in July, with only two opposing. There were differences among Fed officials regarding inflation, employment risks, and the impact of tariffs on inflation, but most believed the risk of rising inflation was higher than the risk of falling employment. - US President Trump called on Fed Governor Cook to resign immediately, increasing pressure on the Fed. The FHFA Director Pult accused Cook of fraud in two mortgages and called on the Justice Department to investigate. - The CRFB's latest forecast showed that due to tax, spending legislation, and tariff policies, the US federal budget deficit will reach $22.7 trillion in the next decade, nearly $1 trillion higher than the CBO's January forecast. - ECB President Lagarde said that the euro - zone economic growth may slow down this quarter. Although the recent agreement with the US reduced uncertainty, the global trade situation remains unclear [3]
埃里安警告美联储降息迟滞 沪金震荡微跌
Jin Tou Wang· 2025-08-21 05:59
Group 1 - Gold futures are currently trading around 775.50 CNY per gram, with a slight increase of 0.35% [1] - The highest and lowest points for gold futures today were 777.50 CNY and 775.40 CNY respectively, indicating a short-term oscillating trend [1] Group 2 - Allianz Group's chief economic advisor, Mohamed El-Erian, believes that the Federal Reserve may be acting too slowly regarding interest rate cuts [3] - El-Erian suggests that the Fed should have initiated rate cuts last month, highlighting the risks of relying too heavily on data [3] - Recent inflation data presents a mixed picture, with July's Consumer Price Index (CPI) showing a year-on-year increase of 2.7%, while the Producer Price Index (PPI) rose significantly by 3.3% compared to the previous year [3] - Despite rising inflation, El-Erian notes that price growth expectations remain relatively stable due to structural changes in the supply side of the economy [3] - The U.S. job market is showing signs of deterioration, with July's job creation falling short of expectations and previous months' job growth data revised down by a total of 258,000 [3] Group 3 - Key resistance levels for gold futures are identified between 788 CNY and 847 CNY per gram, while important support levels are between 773 CNY and 830 CNY [4]
五矿期货贵金属日报-20250815
Wu Kuang Qi Huo· 2025-08-15 01:58
1. Report Industry Investment Rating There is no information provided regarding the report's industry investment rating. 2. Core Viewpoints of the Report - The unexpectedly high US inflation data released last night and the Fed officials' cautious stance on interest rate cuts have put short - term pressure on precious metal prices [2][3]. - The much - higher - than - expected PPI data in July shows that Trump's tariff policy has significantly affected US prices. Fed officials' statements around the data release were generally hawkish [3]. - Despite the current resilience of US inflation data, due to factors such as US debt interest payments and Trump administration intervention, the Fed will implement a further easing cycle. It is recommended to wait and see for now and consider buying on dips after the price stabilizes. The reference operating range for the main contract of Shanghai Gold is 766 - 788 yuan/gram, and for Shanghai Silver, it is 9045 - 9526 yuan/kilogram [3]. 3. Summary by Related Catalogs Market Price Changes - Shanghai Gold (Au) dropped 0.55% to 774.54 yuan/gram, and Shanghai Silver (Ag) dropped 1.31% to 9197.00 yuan/kilogram. COMEX Gold fell 0.12% to 3379.00 dollars/ounce, and COMEX Silver fell 0.12% to 38.03 dollars/ounce. The US 10 - year Treasury yield was 4.29%, and the US dollar index was 98.21 [2]. - In the comparison of recent trading days, various precious - metal - related products showed different price and volume changes, such as Au(T + D) rising 0.05% to 775.10 yuan/gram, and London Gold falling 0.61% to 3343.85 dollars/ounce [4]. US Economic Data - In July, the US PPI year - on - year value was 3.3%, much higher than the expected 2.5% and the previous value of 2.4%. The month - on - month value was 0.9%, significantly higher than the expected 0.2% and the previous value of 0% [3]. Trading Suggestions - Given the current market situation, it is recommended to wait and see for now. After the precious metal prices stabilize after a correction, consider buying on dips. The reference operating range for the main contract of Shanghai Gold is 766 - 788 yuan/gram, and for Shanghai Silver, it is 9045 - 9526 yuan/kilogram [3]. Data Tables and Graphs - Multiple data tables presented detailed information on precious - metal prices, trading volumes, positions, and inventories in different markets and time periods, such as the COMEX and SHFE gold and silver markets [6]. - There are also various graphs showing the relationships between precious - metal prices, US dollar index, real interest rates, and other factors, as well as the near - far month structure and price spreads of precious metals [8][11][21].
瑞达期货贵金属产业日报-20250814
Rui Da Qi Huo· 2025-08-14 10:48
1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - In the short term, the "hard economic data" shows signs of weakness, combined with a significant increase in interest - rate cut expectations. The US dollar index maintains a weak and volatile pattern, which is beneficial for gold prices. However, if the subsequent US - Russia negotiations make substantial progress, it may relieve the downward pressure on gold prices. The industrial nature of silver may be boosted by both interest - rate cuts and the easing of geopolitical tensions, and silver prices may remain relatively resilient. It is recommended to focus on the US July PPI producer inflation and last week's unemployment benefit claims data to be released tonight. A moderate PPI may strengthen the Fed's dovish interest - rate cut expectations, thereby supporting precious metal prices. For trading, try to go long at low levels in the short term and maintain a long - term low - level layout strategy, while paying attention to risk control. The focus range for the Shanghai Gold 2510 contract is 770 - 800 yuan/gram, and for the Shanghai Silver 2510 contract is 9200 - 9400 yuan/kilogram [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the Shanghai Gold main contract is 778.7 yuan/gram, up 0.98; the closing price of the Shanghai Silver main contract is 9286 yuan/kilogram, down 14. The main contract positions of Shanghai Gold are 199,577 hands, down 1900; those of Shanghai Silver are 366,680 hands, up 1347. The net positions of the top 20 in the Shanghai Gold main contract are 163,500 hands, down 2367; those of Shanghai Silver are 118,970 hands, up 1215. The warehouse receipt quantity of gold is 36,345 kilograms, up 300; that of silver is 1,150,782 kilograms, up 15,684 [2] 3.2 Spot Market - The spot price of gold on the Shanghai Non - ferrous Metals Network is 774.6 yuan/gram, up 0.9; the spot price of silver is 9308 yuan/kilogram, up 108. The basis of the Shanghai Gold main contract is - 4.1 yuan/gram, down 0.08; the basis of the Shanghai Silver main contract is 22 yuan/kilogram, up 122 [2] 3.3 Supply - Demand Situation - The gold ETF holdings are 964.22 tons, unchanged; the silver ETF holdings are 15,099.56 tons, unchanged. The non - commercial net positions of gold in CFTC are 237,050 contracts, up 13,454; those of silver are 50,658 contracts, down 8749. The total supply of gold in the quarter is 1313.01 tons, up 54.84; the total supply of silver in the year is 987.8 million troy ounces, down 21.4. The total demand for gold in the quarter is 1313.01 tons, up 54.83; the global total demand for silver in the year is 1195 million ounces, down 47.4 [2] 3.4 Option Market - The 20 - day historical volatility of gold is 10.88%, down 0.1; the 40 - day historical volatility is 10.96%, up 0.02. The implied volatility of at - the - money call options for gold is 18.57%, down 0.11; the implied volatility of at - the - money put options for gold is 18.57%, down 0.11 [2] 3.5 Industry News - A source said that US President Trump will propose to Putin during the Russia - US summit to jointly develop rare - earth mineral resources in Alaska and lift the export ban on Russian aircraft parts. US Treasury Secretary Bessent said that if the meeting between Trump and Putin goes poorly, the US may increase sanctions on Russia or impose secondary tariffs. The US Department of Energy announced actions to ensure the security of the US critical mineral and material supply chain and allocated $1 billion for mineral security. Bessent issued the clearest call for interest - rate cuts by the US government so far, asking the Fed to immediately start a new round of interest - rate cuts and stating that US interest rates should be 150 to 175 basis points lower than the current level. According to CME's "FedWatch", the probability that the Fed will keep interest rates unchanged in September is 0%, the probability of a 25 - basis - point cut is 94.3%, and the probability of a 50 - basis - point cut is 5.7%. In October, the probability of keeping interest rates unchanged is 0%, the probability of a cumulative 25 - basis - point cut is 31.8%, the probability of a cumulative 50 - basis - point cut is 64.4%, and the probability of a cumulative 75 - basis - point cut is 3.8%. During the Asian session, the US dollar index rebounded slightly, and the prices of gold and silver in the Shanghai market fluctuated weakly. The overall growth rate of the US CPI in July was relatively moderate. Combined with the previously significantly weak non - farm payrolls report and PMI indicators, the expectation of a slowdown in the US economy has been strengthened. The probability of a Fed interest - rate cut in September remains high, which strongly supports the prices of gold and silver. However, the expectation of US - Russia negotiations intensifies the long - short game in the precious metals market, and there may be short - term downward pressure. Bessent's repeated calls for an emergency interest - rate cut by the Fed and the continuous obstruction of the Fed's independence have increased the marginal risk - aversion sentiment. However, considering the combination of tariffs and fiscal stimulus plans, the feasibility of an interest - rate cut greater than 25 basis points is low and the risk is high [2]
8月14日上期所沪金期货仓单较上一日增加300千克
Jin Tou Wang· 2025-08-14 09:41
Group 1 - The total amount of gold futures in the Shanghai Futures Exchange is 36,345 kilograms, with an increase of 300 kilograms compared to the previous day [1][2] - The main gold futures contract opened at 778.12 yuan per gram, with a highest price of 780.58 yuan and a lowest price of 777.02 yuan during the trading session [1] - As of the report, the gold futures price is at 778.70 yuan per gram, reflecting a 0.31% increase, with a trading volume of 149,006 lots and a decrease of 3,259 lots in open interest [1] Group 2 - A recent poll in Switzerland indicates that nearly two-thirds of respondents oppose making concessions to the U.S. despite potential economic harm from high tariffs [2] - The same poll shows that two-thirds of Swiss citizens anticipate severe impacts on the Swiss economy due to new tariffs, while only 5% believe there will be little to no damage [2]
【黄金期货收评】降息预期升温贵金属小幅反弹 沪金日内上涨0.31%
Jin Tou Wang· 2025-08-14 09:41
Group 1 - The Shanghai gold futures closed at 778.70 CNY per gram on August 14, with a daily increase of 0.31% and a trading volume of 149,006 contracts [1] - The spot price of gold in Shanghai was quoted at 774.60 CNY per gram, indicating a discount of 4.1 CNY per gram compared to the futures price [1] - The 30-year fixed mortgage rate in the U.S. decreased by 10 basis points to 6.67%, marking the largest decline since February [1] Group 2 - The Shanghai gold price rose by 0.11% to 777.10 CNY per gram, while silver increased by 1.12% to 9,318 CNY per kilogram [2] - U.S. Treasury Secretary Mnuchin indicated that the Federal Reserve might start cutting interest rates sooner, with a significant possibility of a 50 basis point cut in September [2] - The U.S. dollar index fell by 0.28% to 97.80, reflecting a slight easing of inflation pressures in the U.S. and rising expectations for interest rate cuts in overseas markets, leading to a minor rebound in precious metal prices [2]
美财长呼吁断国会山股神财路 黄金期货涨势暂歇
Jin Tou Wang· 2025-08-14 06:01
Group 1 - The current trading price of gold futures is around 777.94 yuan per gram, with a slight increase of 0.22% [1] - The highest price reached today is 780.58 yuan per gram, while the lowest is 777.02 yuan per gram, indicating a short-term bullish trend for gold futures [1] - Key resistance levels for gold futures are identified between 788 yuan per gram and 847 yuan per gram, while important support levels are between 773 yuan per gram and 830 yuan per gram [3] Group 2 - U.S. Treasury Secretary Becerra calls for a ban on individual stock trading by Congress members, which may further drive legislative efforts to prohibit such activities [3] - Becerra emphasizes the need for public trust in the system, highlighting that ordinary citizens would face scrutiny from the SEC for similar trading practices [3] - The statement reflects concerns over the credibility of Congress members and the perception of their financial gains from trading activities [3]