有色金属行业:地缘局势增加供给不确定性

国泰海通证券
Jan 06

本报告导读:地缘局势增加供给不确定性。拉美地区是全球矿产资源核心供给地之一,地缘局势紧张可能引发相关区域政策波动,进而导致供应不确定性增加。投资要点:贵金属:贵金属因交易因素宽幅震荡,趋势未改。上周(1月 2 日当周)COMEX 黄金价格突破4500 美金/盎司后明显回撤,伦敦现货白银价格突破83 美元/盎司后回撤,铂、钯价格宽幅震荡。展望2026 年,我们认为央行购金、黄金ETF 持仓份额上升和...

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