Group 1: Market Analysis - Trump's remarks caused the US dollar index to fall more than 1% to 95.7905, hitting a nearly four - year low. He also decided to raise tariffs on South Korean products from 15% to 25% [1] - The US consumer confidence index in January dropped 9.7 points to 84.5, the lowest since 2014, due to geopolitical tensions, high living costs, and trade wars [1] Group 2: Futures Quotes and Volumes - On January 27, 2026, the Shanghai gold main contract opened at 1,145.94 yuan/gram and closed at 1,148.38 yuan/gram, a 0.44% change from the previous trading day. The trading volume was 41,087 lots, and the open interest was 129,725 lots. The overnight session closed at 1,142.00 yuan/gram, a 0.56% drop from the afternoon close [2] - The Shanghai silver main contract opened at 27,300.00 yuan/kg and closed at 28,300.00 yuan/kg, a 4.02% change from the previous trading day. The trading volume was 1,038,738 lots, and the open interest was 310,210 lots. The overnight session closed at 27,702 yuan/kg, a 2.11% drop from the afternoon close [2] Group 3: US Treasury Yield and Spread Monitoring - On January 27, 2026, the US 10 - year Treasury yield was 4.24%, unchanged from the previous trading day. The 10 - year and 2 - year spread was 0.65%, a - 0.6BP change from the previous trading day [3] Group 4: Position and Volume Changes on SHFE - On the Au2604 contract, the long position changed by 5,015 lots, and the short position changed by 381 lots. The total trading volume of Shanghai gold contracts was 573,180 lots, a - 1.08% change from the previous trading day [4] - On the Ag2604 contract, the long position changed by - 10,773 lots, and the short position changed by - 6,800 lots. The total trading volume of silver contracts was 2,534,159 lots, a 6.64% change from the previous trading day [4] Group 5: Precious Metal ETF Position Tracking - The gold ETF position was 1,086.53 tons, unchanged from the previous trading day. The silver ETF position was 15,974 tons, a decrease of 116 tons from the previous trading day [5] Group 6: Precious Metal Arbitrage Tracking - On January 27, 2026, the domestic gold premium was 16.39 yuan/gram, and the domestic silver premium was 863.14 yuan/kg [6] - The ratio of the main contracts of gold and silver on the SHFE was about 40.58, a - 3.44% change from the previous trading day. The overseas gold - silver ratio was 46.47, a - 3.71% change from the previous trading day [6] Group 7: Fundamental Data - On January 27, 2026, the trading volume of gold on the Shanghai Gold Exchange T + d market was 109,368 kg, a 32.01% change from the previous trading day. The silver trading volume was 627,160 kg, a - 10.69% change from the previous trading day [7] - The gold delivery volume was 11,872 kg, and the silver delivery volume was 30 kg [7] Group 8: Strategy - Gold: Cautiously bullish. Due to increased market risk sentiment and a weaker US dollar index, gold investment demand may increase slightly. The Au2604 contract is expected to fluctuate between 1,120 yuan/gram and 1,170 yuan/gram [8] - Silver: Cautiously bullish. After an overnight adjustment, silver prices may be relatively stronger than gold, and the gold - silver ratio is expected to narrow. The Ag2604 contract is expected to fluctuate between 27,500 yuan/kg and 30,000 yuan/kg [8][9] - Arbitrage: Short the gold - silver ratio at high levels [9] - Options: Put on hold [9]

【资讯导读】 转自：新华财经 •特朗普称美元"表现良好" •美国政府部分停摆风险骤升 •日本财相重申与美协调立场 •美国1月消费者信心骤降至十年新低 【市场资讯】 •美国总统特朗普回应美元贬值担忧时表示，美元"表现很好"，并认为其价值应回归"应有水平"。他虽 称自己有能力让美元"像悠悠球一样涨跌"，但将此类人为干预比作"雇佣无用工人粉饰就业数据"，视为 不利做法。同时，他批评日本试图压低本币汇率。 •因韩国尚未批准所谓"具有历史意义"的美韩贸易协议，特朗普宣布将对韩国汽车、木材、制药等关键 产品加征关税，税率由15%上调至25%，以施压首尔尽快通过协议。 •美国国会若未能在周五午夜前就剩余6项拨款法案达成协议，将触发新一轮政府部分停摆。尽管规模小 于去年秋季，但涉及约78%的联邦政府职能，关键公共服务面临中断风险。 •日本财务大臣片山皋月表示，将根据去年9月日美联合声明，在必要时与美方密切协作并采取适当措 施，但强调不会就具体外汇汇率水平发表评论，延续一贯谨慎立场。 •美国1月消费者信心指数环比大跌9.7点，跌至84.5，创下自2014年以来最低水平，反映民众对经济前景 的忧虑显著加剧。 •22:45 加拿大 ...

当地时间1月26日，美国总统特朗普在其社交平台"真实社交"发文表示，由于韩国国会未批准并落实此前与美国达成的贸易协议，美方将提高对韩国商品 征收的关税税率。 特朗普表示，鉴于韩国方面尚未通过该项"具有历史意义的贸易协议"，他已决定将对韩国汽车、木材、制药产品以及其他对等关税项目的税率从15%上调 至25%。 1月27日，针对美国总统特朗普宣称对韩国产汽车等产品加征关税，韩国总统府青瓦台表示尚未收到美方正式通报以及相关说明。 韩国政府27日上午将召开相关政府部门会议研究对策，与此同时正在加拿大访问的韩国产业通商部部长金 正官也将尽快前往美国展开磋商。 市场方面，截至发稿，韩国KOSPI指数跌幅扩大至1%。 特朗普称，韩国立法机构"未能履行与美国达成的协议"，称该协议是其与韩国总统李在明于2025年7月30日达成，并在其2025年10月29日访韩时再次确 认。 ...