贵金属期货周报—2025-7-11

1、黄金AU观点：调整后改变黄金现货贸易再平衡；基本面：2、白银AG观点：调整后改变黄金现货贸易再平衡；基本面：买卖出价或征价，投资者据此做出的任何投资决策与本公司和作者无关。 目录交易咨询业务：沪证监许可【2012】1515号 一周政策和基本面回顾黄金市场跟踪白银市场跟踪黄金与白银进口利润跟踪美元指数期货持仓跟踪美国国债期货持仓跟踪美国通胀预期美国实际利率美国利率期限结构美国与主要非美国家的2年期国债利差2 黄金白银市场概览影响贵金属价格走势的主要因素DYQH-W-股指 上海东亚期货|周报：黄金白银市场概览—黄金市场跟踪COMEX:期货和期权(新版):管理基金黄金：多头持仓黄金：空头持仓日度外盘黄金ETF持仓（吨）SPDR:黄金ETF:持有量(吨)iShares:黄金ETF:持有量(吨)期货持仓量:黄金(上海：最新持仓（张）12245035978最新持仓1447862402407927持仓占比（%）2165天增减-4-1-2164921周增减（张）-5556259910天增减26-4466651,4601,4701,4801,4901,5001,5101,5209494424304324344364384404424449009109209309409509609702025-06-102025-06-122025-06-142025-06-162025-06-182025-06-202025-06-222025-06-242025-06-262025-06-282025-06-302025-07-022025-07-042025-07-062025-07-082025-07-10SPDR:黄金ETF:持有量(吨)(左轴)iShares:黄金:持仓量(吨)370,000380,000390,000400,000410,000420,000430,000440,000450,000460,0002025-06-132025-06-152025-06-172025-06-192025-06-212025-06-232025-06-252025-06-272025-06-292025-07-012025-07-032025-07-052025-07-072025-07-09期货持仓量:黄金(盘口)交易咨询业务：沪证监许可【2012】1515号DYQH-W-股指 上海东亚期货|周报：黄金白银市场概览—黄金市场跟踪1,1001,1201,1401,1601,1801,2001,2201,2401,2601,2801,3002025-06-132025-06-142025-06-152025-06-162025-06-172025-06-182025-06-192025-06-202025-06-212025-06-222025-06-232025-06-242025-06-252025-06-262025-06-272025-06-282025-06-292025-06-302025-07-012025-07-022025-07-032025-07-042025-07-052025-07-062025-07-072025-07-082025-07-092025-07-10COMEX:黄金:库存（仓单）（吨）0.005.0010.0015.0020.0025.0030.002025-06-102025-06-122025-06-14130,000150,000170,000190,000210,000230,000250,000270,0002024-12-032024-12-172024-12-312025-01-142025-01-282025-02-112025-02-252025-03-112025-03-252025-04-082025-04-222025-05-062025-05-202025-06-032025-06-172025-07-01COMEX:黄金:期货和期权(新版):资产管理机构多头持仓:持仓数量05,00010,00015,00020,00025,00030,00035,00040,00045,0002024-12-032024-12-172024-12-312025-01-142025-01-282025-02-112025-02-252025-03-112025-03-252025-04-082025-04-222025-05-062025-05-202025-06-032025-06-17COMEX:黄金:期货和期权(新版):资产管理机构空头持仓:持仓数量5交易咨询业务：沪证监许可【2012】1515号DYQH-W-股指 数据来源：Bloomberg，Wind，EAF 上海东亚期货|周报：黄金白银市场概览—白银市场跟踪COMEX:期货和期权:管理基金白银：多头持仓白银：空头持仓日度外盘白银ETF持仓（吨）SLV:白银ETF:持仓量(吨)期货盘口持仓量:白银(上海：手)库存期货:白银（上海仓单，吨）最新持仓（张）4427727801最新持仓2362013802971795持仓占比（%）24165天增减5758784201周增减（张）-4423-475710天增减-29-248722023,40023,50023,60023,70023,80023,90024,0002025-06-102025-06-12白银ETF持仓_总计（吨）13,80014,00014,20014,40014,60014,80015,0002025-06-102025-06-122025-06-142025-06-162025-06-182025-06-202025-06-222025-06-242025-06-262025-06-282025-06-302025-07-022025-07-042025-07-062025-07-082025-07-10SLV:白银:净持仓量(吨)800,000850,000900,000950,0001,000,0001,050,0001,100,0002025-06-132025-06-152025-06-172025-06-192025-06-212025-06-232025-06-252025-06-272025-06-292025-07-012025-07-032025-07-052025-07-072025-07-09期货持仓量:白银(盘口)交易咨询业务：沪证监许可【2012】1515号DYQH-W-股指 上海东亚期货|周报：黄金白银市场概览—白银市场跟踪2025-06-102025-06-122025-06-142025-06-162025-06-182025-06-202025-06-222025-06-242025-06-262025-06-282025-06-302025-07-022025-07-042025-07-062025-07-08库存期货:白银（上海仓单吨）1,2001,3001,4001,5001,6001,7001,8001,9002023-09-222023-11-222024-01-222024-03-222024-05-222024-07-222024-09-222024-11-222025-01-222025-03-222025-05-22上海金交所白银库存15,00017,00019,00021,00023,00025,00027,00029,00031,00033,00035,0002024-12-032024-12-172024-12-312025-01-142025-01-282025-02-112025-02-252025-03-112025-03-252025-04-082025-04-222025-05-062025-05-202025-06-032025-06-172025-07-01COMEX:白银:期货和期权(旧版):基金空头持仓:持仓数量40,00050,00060,00070,00080,00090,000100,0002024-12-032024-12-172024-12-312025-01-142025-01-282025-02-112025-02-252025-03-112025-03-252025-04-082025-04-222025-05-062025-05-202025-06-032025-06-172025-07-01COMEX:白银:期货和期权(旧版):基金多头持仓:持仓数量交易咨询业务：沪证监许可【2012】1515号DYQH-W-股指 上海东亚期货|周报免责声明：本报告的信息均来源于公开资料，我公司对这些信息的准确性和完整性不做任何保证，也不保证所包含的信息和建议不会发生任何变更。文中的观点、结论和建议仅供参考，报告中的信息或意见并不构成所述证券或期货的买卖出价或询价，投资者据此做出的任何投资决策与本公司和作者无关。服务内容-风险管理顾问协助客户建立风险管理制度、操作流程，提供风险管理咨询、专项培训等服务内容-交易咨询为客户设计套期保值、套利等投资方案，拟定期货交易策略等地址：上海市虹口区东大名路1089号26层2601-2608单元电话：400-600-7299交易咨询业务：沪证监许可【2012】1515号 15服务内容-研究分析收集整理期货市场信息及各类相关经济信息，研究分析期货市场及相关现货市场的价格及其相关影响因素，制作、提供研究分析报告或者资讯信息的研究分析服务。服务内容-服务电话服务问询电话：021-55275087（由交易咨询部统一受理）投诉电话：021-55275065DYQH-W-股指