Gold Price Trend Analysis
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宏观策略(外汇期货(美元指数))
美国与加拿大贸易谈判已彻底破裂
美国加拿大贸易谈判破裂,美国征收50%关税,加拿大报复。

宏观策略(国债期货)
央行开展了950亿元7天期逆回购操作
机构借央行调研公募买债的消息继续止盈,国债期货上涨节奏放缓。

宏观策略(黄金)
特朗普:未指示贝森特干预美国债市
周五金价继续上涨站上4600美金关口,对美国政府债务和财政赤字的担忧继续推动资金流入贵金属,连带着比特币也在上涨,市场交易逻辑为债务主导。

农产品(白糖)
Czarnikow上调26/27巴西中南部产糖预估
印度将允许免税进口100万吨原糖,以抑制国内高涨的糖价,对国际糖市形成利多提振。因近期国际糖价回升激励糖厂扩大甘蔗制糖比,Czarnikow上调巴西中南部糖估产

有色金属(铜)
Tampakan铜金矿项目投产推迟至2028年
美国财政部通过扩大长债回购压低收益率,美元指数走势阶段偏弱,对铜价形成支撑,但短期基本面因素相对偏利空。

能源化工(原油)
伊拉克证实部分油轮获得霍尔木兹海峡通行许可
油价维持震荡上涨趋势,风险溢价维持高位。

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