| 贵金属期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可【2011】1292号 2026年1月22日 | | | | 叶得己 | Z0016628 | | 国内期货收盘价 | | | | | | | 品种 | 1月21日 | 1月20日 | 张跌 | 张跌幅 | 单位 | | AU2604合约 | 1092.30 | 1060.16 | 32.14 | 3.03% | 元/兄 | | AG2604合约 | 23131 | 23062 | ୧୦ | 0.30% | | | | 628.50 | 619.35 | 9.15 | 1.48% | 元/千克 | | PT2606合约 | | | | | 元/完 | | PD2606合约 | 485.80 | 490.00 | -4.20 | -0.86% | | | 外盘期货收盘价 | | | | | | | 品种 | 1月21日 | 1月20日 | 涨跌 | 旅跌幅 | 单位 | | COMEX黄金主力合约 | 4836.20 | 4769.10 | 67.10 | 1.4 ...

Report Summary 1) Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2) Core Viewpoints of the Report - The market may be more affected by the impact of US economic data on the Fed's policy expectations and geopolitical situation disturbances. In the short - term, the influence of news is weakening, the market maintains a relatively strong shock but the volatility declines. For gold, those holding long positions above the 20 - day moving average can continue to hold, and selling out - of - the - money put options can earn time value [1]. - For silver, the cancellation of photovoltaic export tax rebates by the country after April 1 may bring the "rush to export" effect again, advancing the demand for silver powder and intensifying the supply - structural shortage. Short - term fluctuations are still volatile, and it is recommended to maintain the idea of buying on dips with light positions, while long positions should lock in profits in time when the price is high [1]. - For platinum and palladium, due to their strong macro and supply - demand fundamentals and the fact that their prices are still undervalued compared to gold, capital promotes value reshaping. It is expected to continue to rise in the medium - and long - term. In the short - term, market speculative sentiment weakens, the volatility narrows, but it still follows the relatively strong shock of gold. It is recommended to buy platinum on dips with light positions around the 20 - day moving average [1]. 3) Summary by Relevant Catalogs Domestic Futures Closing Prices - AU2602 contract closed at 1035.20 yuan/gram on January 15, down 0.52% from the previous day [1]. - AG2604 contract closed at 22665 yuan/kilogram on January 15, down 0.43% from the previous day [1]. - PT2606 contract closed at 609.05 yuan/gram on January 15, down 2.21% from the previous day [1]. - PD2606 contract closed at 478.60 yuan/gram on January 15, down 5.25% from the previous day [1]. Foreign Futures Closing Prices - COMEX gold主力 contract closed at 4620.50 dollars/ounce on January 15, down 0.29% from the previous day [1]. - COMEX silver主力 contract closed at 92.21 dollars/ounce on January 15, down 1.05% from the previous day [1]. - NYMEX platinum主力 contract closed at 2415.80 dollars/ounce on January 15, up 0.55% from the previous day [1]. - NYMEX palladium主力 contract closed at 1865.50 dollars/ounce on January 15, down 0.90% from the previous day [1]. Spot Prices - London gold was at 4615.52 dollars/ounce on January 15, down 0.23% from the previous day [1]. - London silver was at 92.40 dollars/ounce on January 15, down 0.65% from the previous day [1]. - Spot platinum was at 2408.00 dollars/ounce on January 15, up 0.46% from the previous day [1]. - Spot palladium was at 1812.00 dollars/ounce on January 15, down 1.79% from the previous day [1]. - Shanghai Gold Exchange gold T + D was at 1033.92 yuan/gram on January 15, down 0.36% from the previous day [1]. - Shanghai Gold Exchange silver T + D was at 22684 yuan/kilogram on January 15, down 0.36% from the previous day [1]. - Shanghai Gold Exchange platinum 9995 was at 597 yuan/gram on January 15, down 0.34% from the previous day [1]. Basis - The basis of gold TD - Shanghai gold主力 was - 1.28, up 1.73 from the previous day, with a 1 - year historical quantile of 46.10% [1]. - The basis of silver TD - Shanghai silver主力 was 19, up 17 from the previous day, with a 1 - year historical quantile of 60.60% [1]. - The basis of London gold - COMEX gold was - 4.98, up 2.82 from the previous day, with a 1 - year historical quantile of 87.80% [1]. - The basis of London silver - COMEX silver was 0.19, up 0.37 from the previous day, with a 1 - year historical quantile of 90.00% [1]. Price Ratios - The ratio of COMEX gold/silver was 50.11 on January 15, up 0.77% from the previous day [1]. - The ratio of Shanghai Futures Exchange gold/silver was 45.67 on January 15, down 0.09% from the previous day [1]. - The ratio of NYMEX platinum/palladium was 1.29 on January 15, up 1.46% from the previous day [1]. - The ratio of Guangzhou Futures Exchange platinum/palladium was 1.27 on January 15, up 3.21% from the previous day [1]. Interest Rates and Exchange Rates - The 10 - year US Treasury yield was 4.17% on January 15, up 0.5% from the previous day [1]. - The 2 - year US Treasury yield was 3.56% on January 15, up 1.4% from the previous day [1]. - The 10 - year TIPS Treasury yield was 1.88% on January 15, up 1.1% from the previous day [1]. - The US dollar index was 99.34 on January 15, up 0.27% from the previous day [1]. - The offshore RMB exchange rate was 6.9631 on January 15, down 0.12% from the previous day [1]. Inventory and Positions - The Shanghai Futures Exchange gold inventory was 100152 kilograms on January 15, unchanged from the previous day [1]. - The Shanghai Futures Exchange silver inventory was 638399 kilograms on January 15, up 1.54% from the previous day [1]. - The COMEX gold inventory was 36132901 ounces on January 15, down 0.23% from the previous day [1]. - The COMEX silver inventory was 433382110 ounces on January 15, down 0.23% from the previous day [1]. - The COMEX gold registered warehouse receipts were 18838070 ounces on January 15, down 2.31% from the previous day [1]. - The COMEX silver registered warehouse receipts were 122741960 ounces on January 15, down 0.20% from the previous day [1]. - The SPDR gold ETF position was 1075 tons on January 15, up 0.05% from the previous day [1]. - The SLV silver ETF position was 16062 tons on January 15, down 1.11% from the previous day [1].