黄金白银日报：美褐皮书清晰展现通胀苗头，金银短期震荡略强

东吴期货研究所 021-63123063 www.dwfutures.com 323 美褐皮书清晰展现通胀苗头，金银短期震荡略强 类别品种开盘最高最低收盘单日涨跌%5日涨跌%伦敦金1900.441909.611894.451908.290.000.24伦敦银27.8928.1927.6928.190.050.89纽约金1899.201908.801896.001908.400.050.31纽约银28.0028.3327.7728.310.381.06上期金396.90397.12389.10391.42-0.45-0.32上期银5917.005949.005743.005823.00-0.021.22上金T+D393.02393.87386.45389.16-0.09-0.12上银T+D 5762.005829.005636.005708.00-0.111.26CRB商品208.44209.49208.32209.280.401.74LME 铜10250.5010284.5010086.0010147.50-0.95-1.08WTI67.9969.0067.7868.850.033.81布伦特70.5571.4870.3571.400.072.54美元89.9290.2589.8689.920.01-0.12欧美1.221.221.221.220.010.16澳美0.780.780.770.78-0.010.53人民币6.386.396.386.380.000.20美10年期TIPS(0.87)(0.86)(0.89)(0.88)0.25-1.87美10年期国债期货价格132.72132.92132.67132.860.090美5Y5Y通胀平衡预期2.342.352.322.320.000.73 黄金ETF VIX 16.0916.0915.4015.65-2.73-2.67白银ETF VIX35.3035.9834.6635.981.013.04黄金6月2日6月3日白银6月2日6月3日上金T+D-AU2106-2.87-3.67上银T+D-AG2106-110-110AU2112-AU210600AG2112-AG210600伦敦金/伦敦银67.3368.58上金/上银68.4868.17纽约金/纽约银68.1768.04期金/期银67.5167.51百万美元百万美元日期持有量（吨）持仓量增减持有价值持有量（吨）持仓量增减持有价值2021-6-21041.75-4.0863707.3617929.28-7.2815992.882021-6-11045.832.6263843.1617936.56016261.14公斤/公吨上期金上期银可用库容（白银可用库容变化纽约金纽约银2021-6-2352523568861914181353861075.1010965.732021-6-1352523688131860112207371075.1510997.36库存信息交易策略美10年期国债收益率回落至1.60%下方，降低了持有不孽息黄金的机会成本，股市在纪录高位附近徘徊。投资者目前正在等待将于周五公布的美国非农就业数据，以衡量未来货币政策的线索。国际金价再次站回至1900关口上方，白银28美元失而复得。国内，谨慎投资者多单部分减持持有，稳健投资者采取高抛低吸交易。宏观面周三，现货黄金亚盘维持盘整，欧盘爆发拉升并收复1900大关，最终收涨0.41%，报1908美元/盎司；现货白银跟随黄金走势，最终收涨0.99%，报28.14美元/盎司。美元指数冲高回落，盘中一度升0.35%，因市场揣测交易员在周五美国非农就业报告前缩减空头头寸。美债收益率走低推动金价上涨，现货黄金尾盘收于1908美元附近，为1月7日以来最高水平。基金持仓SPDR黄金ETFiShares白银ETF截止上周五，SPDR黄金ETF持仓量较前日减持4.08吨至1041.75吨；Ishares白银ETF持仓量较前日减持7.28吨至17929.28吨，显示机构投资者观望金银。贵金属市场信息表贵金属相关品种品种相关性价差比价 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6月3日星期四 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 2021-6-3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.SHF386.10-5.46-1.393,459-1,347114,5002,943AU2107.SHF394.182.240.57122-274,122105AU2108.SHF395.003.100.7964,2718231,163,51129,557AU2110.SHF395.842.940.7543,412509503,94312,766AU2112.SHF396.903.100.79152,9117,6334,387,375110,920AU2202.SHF398.903.300.838371,11228AU2204.SHF398.201.640.41109851813AU2206.SHF398.902.400.61247603,02876全部合约264,6147,6666,178,108156,408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.SHF5,782.00121.002.1450,748-7,045209,51024,351AG2107.SHF5,800.00119.002.0919,393-1,561138,58716,112AG2108.SHF5,815.00113.001.9826,4321,348534,45161,853AG2109.SHF5,837.00113.001.9734,9551,803393,09945,270AG2110.SHF5,853.00110.001.9228,7672,210213,94224,567AG2111.SHF5,876.00115.002.0017,9031,094116,82113,384AG2112.SHF5,893.00121.002.10452,69271,4475,203,884594,549AG2201.SHF5,915.00148.002.57228779991AG2202.SHF5,897.0088.001.512161354AG2203.SHF5,923.0091.001.56145-1113315AG2204.SHF5,961.00139.002.391011809AG2205.SHF5,960.00106.001.816059711全部合约631,64069,2996,811,439780,216 020,00040,00060,00080,000100,000120,000140,000160,000180,000AU2106.SHFAU2107.SHFAU2108.SHFAU2110.SHFAU2112.SHFAU2202.SHF上期金持仓量与成交量持仓量手成交量...0100,000200,000300,000400,000500,000600,000700,000AG2106.SHFAG2107.SHFAG2108.SHFAG2109.SHFAG2110.SHFAG2111.SHFAG2112.SHFAG2201.SHF上期银持仓量与成交量持仓量手成交量... -27 823 509 7,633 7 8 60 -20,000020,00040,00060,00080,000100,000120,000140,000160,000180,000AU2106.SHFAU2107.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-7,045 -1,561 1,348 1,803 2,210 1,094 71,447 7 1 -11 1 5 -100,0000100,000200,000300,000400,000500,000AG2106.SHFAG2107.SHFAG2108.SHFAG2109.SHFAG2110.SHFAG2111.SHFAG2112.SHFAG2201.SHF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 -8-6-4-202468109901000101010201030104010501060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 (4.00)(3.50)(3.00)(2.50)(2.00)(1.50)(1.00)(0.50)0.00355360365370375380385390395400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 0500100015002000250030003500400045002020-05-282020-06-122020