黄金白银日报：美元美债利率齐跌，金银多单继续持有

东吴期货研究所 021-63123063 www.dwfutures.com 323 美元美债利率齐跌，金银多单继续持有 类别品种开盘最高最低收盘单日涨跌%5日涨跌%伦敦金1881.021900.291872.781898.93-0.020.95伦敦银27.7728.0427.4728.020.051.64纽约金1881.201901.201873.201899.700.091.23纽约银27.7528.0227.6728.040.542.05上期金391.26393.64387.82393.340.900.64上期银5707.005773.005624.005765.001.410.58上金T+D390.10393.00387.24392.550.980.79上银T+D 5688.005757.005613.005748.001.410.72CRB商品202.96203.95202.18202.44-0.260.78LME 铜9996.0010086.509896.009918.00-0.290.37WTI66.0266.5165.4165.98-0.143.77布伦特68.4768.9067.8368.63-0.033.30美元89.85089.86889.53589.6620.03-0.39欧美1.22151.22661.22121.22500.000.56澳美0.77520.77760.77330.77550.050.30人民币6.41116.41496.40216.41070.13-0.36美10年期TIPS-0.8628-0.8599-0.9014-0.890.25-6.98美10年期国债收益率132.6250133.0469132.5938132.95-0.010.39美5Y5Y通胀平衡预期2.25752.27192.23292.250.00-0.54 黄金ETF VIX 16.590017.260015.630017.091.063.76白银ETF VIX33.740036.910033.740036.272.602.84黄金5月24日5月25日白银5月24日5月25日上金T+D-AU2106-0.840.09上银T+D-AG2106-14-17AU2112-AU21062.342.66AG2112-AG2106104106伦敦金/伦敦银67.7467.85上金/上银68.6568.76纽约金/纽约银67.5667.30期金/期银67.5667.30金衡盎司盎司日期持有量（吨）持仓量增减持有量持有量（吨）持仓量增减持有量2021-5-251046.12033,633,85917936.55115.45766736342021-5-241046.123.233633859.2317821.150572963138昨日库存本日库存库存增减上期金352835280上周本周增减上期银22295382227406-213212327541209313-23441贵金属市场信息表周二，现货黄金震荡上行，美盘时段涨幅有所扩大并先后上破1890、1900美元大关，续刷1月8日以来新高，但没有收于1900大关之上；现货白银也一度上破28美元关口，但没有站稳。最终，现货黄金收涨0.96%，报1898.49美元/盎司；现货白银收涨0.77%，报27.95美元/盎司。美元指数跌至1月初以来最低，因周二公布的美国经济数据不及预期，且美联储官员淡化通胀预期的努力让美债收益率跌至两周低点。随着美元贬值和债券收益率下降帮助提振了黄金的需求，现货黄金1月8日以来首次突破1900美元关口。宏观和基本面贵金属相关品种比价价差品种相关性iShares白银ETFSPDR黄金ETF全球最大黄金ETF--SPDR Gold Trust持仓较上日持平至1046.12吨。白银ETF--iSharesSilverTrust持仓较上日增持115.4吨至17936.55吨，机构投资者长线布局看多金银。基金持仓白银可用库容量 千克交易策略库存信息美联储官员发表了讲话试图消除投资者对货币政策前景的担忧，另外美国新屋销售降幅超过预期。美联储官员重申美国经济反弹带来的通胀压力将是暂时性的，旨在消除市场关于货币政策将收紧的猜测。美国国债收益率下降也提振了贵金属涨势。国际金价向上试探1900美元关口，白银回升至28美元关口上方。国内，激进投资者多单继续持有，稳健投资者采取高抛低吸交易。 快手必读---黄金白银日报 东吴期货研究所 宏观与金融工程组 万 涛 021-63123175 从业证书：F0288751 投资咨询证书：Z0012259 期市有风险，投资需谨慎！ 研究所办公地址： 上海市-黄浦区西藏南路1208号6楼 苏州市-工业园区星阳街5 号东吴证券大楼8楼 2021年5月26日星期三 东吴期货研究所 www.dwfutures.com 第 2 页 1【市场信息参考】 每日交易行情表 2021-5-26合约收盘价 元涨跌 元涨跌幅 %持仓量 手持仓量变化 手成交额 万元成交量 手AU2106.SHF389.82-1.68-0.4328,991-11,1144,752,888121,975AU2107.SHF391.302.160.5666123,77997AU2108.SHF390.860.960.2554,7128881,401,99435,985AU2110.SHF391.560.980.2537,710506516,58313,234AU2112.SHF392.521.120.2996,4809,1411,814,58546,368AU2202.SHF393.501.800.4683462816AU2204.SHF394.180.180.0559251313AU2206.SHF394.020.640.16721183全部合约218,108-5598,491,089217,691合约收盘价 元涨跌 元涨跌幅 %持仓量 手持仓量变化 手成交额 万元成交量 手AG2106.SHF5,838.00-13.00-0.22248,252-47,6818,382,717954,837AG2107.SHF5,853.00-14.00-0.2449,033-3,554696,72079,189AG2108.SHF5,871.00-24.00-0.4144,945602636,85972,158AG2109.SHF5,886.00-26.00-0.4424,773-599283,85032,066AG2110.SHF5,900.00-24.00-0.417,10128393,64610,547AG2111.SHF5,922.00-32.00-0.543,995-351,5805,798AG2112.SHF5,945.00-20.00-0.34293,4579,2433,067,966343,387AG2201.SHF5,955.00-31.00-0.52208885996AG2202.SHF5,972.00-11.00-0.182183659466AG2203.SHF5,993.00-32.00-0.53157431635AG2204.SHF5,970.00-62.00-1.031131666674AG2205.SHF6,025.0016.000.2726839744全部合约672,278-41,63713,216,1711,498,297 020,00040,00060,00080,000100,000120,000140,000AU2103.SHFAU2104.SHFAU2105.SHFAU2106.SHFAU2108.SHFAU2110.SHFAU2112.SHFAU2202.SHF上期金持仓量与成交量持仓量手成交量...0100,000200,000300,000400,000500,000600,000700,000800,000900,000上期银持仓量与成交量持仓量手成交量... -812 -13 -2,155 2,058 1,029 880 3 -20,000020,00040,00060,00080,000100,000120,000140,000AU2103.SHFAU2104.SHFAU2105.SHFAU2106.SHFAU2108.SHFAU2110.SHFAU2112.SHFAU2202.SHF上期金持仓量与持仓量变化持仓量变化...持仓量手-202 304 -635 -1,903 -134 59 109 -5 1 -429 -1 -9 -50,000050,000100,000150,000200,000250,000300,000350,000400,000450,000500,000上期银持仓量与持仓量变化持仓量变化...持仓量手 东吴期货研究所 www.dwfutures.com 第 3 页 金银基金持仓和CFTC非商业持仓量主要数据跟踪 -8-6-4-2024681099010001010102010301040105010601070黄金持仓量增减（吨）黄金ETF持有量-150-100-5005010015020016000165001700017500180001850019000持仓量增减（吨）白银i s hares持仓量 (3.50)(3.00)(2.50)(2.00)(1.50)(1.00)(0.50)0.00350355360365370375380385390395400上期金远近合约价差及走势2112-2106沪金2112沪金21060.0020.0040.0060.0080.00100.00120.00140.004000450050005500600065002020-09-092020-09-112020-09-132020-09-152020-09-172020-09-192020-09-212020-09-232020-09-252020-09-272020-09-292020-10-012020-10-032020-10-052020-10-072020-10-092020-10-112020-10-132020-10-152020-10-172020-10-192020-10-212020-10-232020-10-252020-10-27上期银远近合约价差及走势2106-2012沪银2012沪银2106 (12.00)(10.00)(8.00)(6.00)(4.00)(2.00)0.00350370390410430450470上金期现基差及走势现-近期沪金2012SGE黄金T+D(120.00)(100.00)(80.00)(60.00)(40.00)(20.00)0.0020.0040.00330038004300480053005800630068007300上银期现基差及走势现-近期沪银2012SGE白银T+D 05001000150020002500300035