14:30｜上金所周报交割与白银库存更新，路透金银报价走弱

{ "window_start_utc": "2026-08-25T03:30:00Z", "window_end_utc": "2026-08-25T06:30:00Z", "timezone": "Asia/Shanghai", "events": [ { "event_id": "Reuters-AU-20260825-spot-gold-464039", "event_type": "macro_release", "title": "路透更新现货黄金报 4640.39 美元", "event_time_utc": "2026-08-25T03:34:00Z", "event_time_quality": "exact", "published_at_utc": "2026-08-25T03:55:55.398Z", "asset_keys": ["AU"], "direction_score": {"AU": -1}, "confidence": 96, "horizon": "intraday", "raw_facts": "Reuters 页面在 2026-08-25T03:55:55.398Z 更新：现货黄金报价为 4640.39 USD/oz，较前值下跌 0.2%；原文报价时间为 0334 GMT，即 2026-08-25T03:34:00Z。页面原始发布时间为 2026-08-25T02:10:08.558Z，本事件依据窗口内更新内容入流。", "transmission_chain": "现货黄金报价下跌 0.2%→美元、利率与避险变量进入黄金美元报价→AU 短线价格偏弱", "invalidation_conditions": "Reuters 后续更正该报价，或窗口内更高频的一手报价取代该数值时，当前报价事件失效。", "source_urls": ["[https://www.[reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/)](https://reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/))"], "source_tier": "B" }, { "event_id": "Reuters-AU-20260825-gold-futures-469600", "event_type": "macro_release", "title": "路透更新美国黄金期货报 4696 美元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T03:55:55.398Z", "asset_keys": ["AU"], "direction_score": {"AU": 0}, "confidence": 93, "horizon": "intraday", "raw_facts": "Reuters 页面在 2026-08-25T03:55:55.398Z 更新：美国黄金期货报 4696.00 USD/oz，原文表述为持平；原文未提供该报价的独立时刻，日期为 2026-08-25。页面原始发布时间为 2026-08-25T02:10:08.558Z，本事件依据窗口内更新内容入流。", "transmission_chain": "美国黄金期货报 4696.00 USD/oz 且持平→期货端暂未出现新的方向变化→AU 短线期货价格信号中性", "invalidation_conditions": "Reuters 后续修正 4696.00 USD/oz 或持平状态，或更高频一手期货报价取代该快照时，当前事件失效。", "source_urls": ["[https://www.[reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/)](https://reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/))"], "source_tier": "B" }, { "event_id": "Reuters-AG-20260825-spot-silver-6801", "event_type": "macro_release", "title": "路透更新现货白银报 68.01 美元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T03:55:55.398Z", "asset_keys": ["AG"], "direction_score": {"AG": -1}, "confidence": 95, "horizon": "intraday", "raw_facts": "Reuters 页面在 2026-08-25T03:55:55.398Z 更新：现货白银报 68.01 USD/oz，较前值下跌 1.3%；原文未提供该报价的独立时刻，日期为 2026-08-25。页面原始发布时间为 2026-08-25T02:10:08.558Z，本事件依据窗口内更新内容入流。", "transmission_chain": "现货白银报价下跌 1.3%→白银美元计价与工业金属定价变量承压→AG 短线价格偏弱", "invalidation_conditions": "Reuters 后续更正该报价或跌幅，或窗口内更高频的一手白银报价取代该数值时，当前事件失效。", "source_urls": ["[https://www.[reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/)](https://reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/](https://www.reuters.com/world/india/gold-rises-highest-since-mid-may-buying-momentum-builds-2026-08-25/))"], "source_tier": "B" }, { "event_id": "GoldFields-AU-20260825-output-1267", "event_type": "supply_demand", "title": "Gold Fields 上半年产金 126.7 万盎司", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T05:34:05.095Z", "asset_keys": ["AU"], "direction_score": {"AU": -1}, "confidence": 97, "horizon": "weeks", "raw_facts": "Reuters 在 2026-08-25T05:34:05.095Z 更新：Gold Fields 2026 年上半年黄金产量为 1.267 million ounces，较上年同期增加 12%；全年黄金产量指引维持在 2.4—2.6 million ounces；报告日期为 2026-08-25。", "transmission_chain": "上半年产量同比增加 12%且全年指引维持→矿山供给预期增加→AU 中期供给端压力偏大", "invalidation_conditions": "Gold Fields 后续下修全年指引、公布产量下降或出现影响供给的停产事实时，当前供给扩张判断失效。", "source_urls": ["[https://www.[reuters.com/world/africa/gold-fields-half-year-profit-up-81-2026-08-25/](https://www.reuters.com/world/africa/gold-fields-half-year-profit-up-81-2026-08-25/)](https://reuters.com/world/africa/gold-fields-half-year-profit-up-81-2026-08-25/](https://www.reuters.com/world/africa/gold-fields-half-year-profit-up-81-2026-08-25/))"], "source_tier": "B" }, { "event_id": "SGE-AU-20260825-au9999-1004-31", "event_type": "macro_release", "title": "上金所 Au99.99 最新价报 1004.31 元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AU"], "direction_score": {"AU": 1}, "confidence": 99, "horizon": "intraday", "raw_facts": "上海黄金交易所 2026 年 08 月 25 日延时行情：Au99.99 最新价 1004.31 CNY/g，开盘价 1004.0 CNY/g，最高价 1012.6 CNY/g，最低价 998.5 CNY/g。上一期快照为 1003.2 CNY/g，本期增加 1.11 CNY/g，约增加 0.1106%；2026-08-24 官方收盘为 1004.21 CNY/g，本期相对前收增加 0.10 CNY/g，约增加 0.01%。页面未提供具体发布时间。", "transmission_chain": "Au99.99 较上一期快照上涨 1.11 CNY/g→上金所场内黄金报价上移→AU 日内价格偏强", "invalidation_conditions": "上金所后续修正 2026 年 08 月 25 日快照，或更高频官方报价显示当前数值被替代时，当前事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/yshqbg", "https://www.sge.com.cn/sjzx/quotation_daily_new?start_date=2026-08-24&end_date=2026-08-24"], "source_tier": "A" }, { "event_id": "SGE-AU-20260825-autd-1004-13", "event_type": "macro_release", "title": "上金所 Au(T+D)最新价报 1004.13 元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AU"], "direction_score": {"AU": 1}, "confidence": 99, "horizon": "intraday", "raw_facts": "上海黄金交易所 2026 年 08 月 25 日延时行情：Au(T+D)最新价 1004.13 CNY/g，开盘价 1006.0 CNY/g，最高价 1012.0 CNY/g，最低价 997.29 CNY/g。上一期快照为 1002.49 CNY/g，本期增加 1.64 CNY/g，约增加 0.1636%；2026-08-24 官方收盘为 1003.84 CNY/g，本期相对前收增加 0.29 CNY/g，约增加 0.0289%。页面未提供具体发布时间。", "transmission_chain": "Au(T+D)较上一期快照上涨 1.64 CNY/g→上金所黄金延期合约报价上移→AU 日内价格偏强", "invalidation_conditions": "上金所后续修正 2026 年 08 月 25 日快照，或更高频官方报价显示当前数值被替代时，当前事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/yshqbg", "https://www.sge.com.cn/sjzx/quotation_daily_new?start_date=2026-08-24&end_date=2026-08-24"], "source_tier": "A" }, { "event_id": "SGE-AG-20260825-agtd-16624", "event_type": "macro_release", "title": "上金所 Ag(T+D)最新价报 16624 元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AG"], "direction_score": {"AG": 1}, "confidence": 99, "horizon": "intraday", "raw_facts": "上海黄金交易所 2026 年 08 月 25 日延时行情：Ag(T+D)最新价 16624.0 CNY/kg，开盘价 16808.0 CNY/kg，最高价 17012.0 CNY/kg，最低价 16418.0 CNY/kg。上一期快照为 16515.0 CNY/kg，本期增加 109.0 CNY/kg，约增加 0.6600%；2026-08-24 官方收盘为 16750.00 CNY/kg，本期相对前收减少 126.00 CNY/kg，约减少 0.7522%。页面未提供具体发布时间。", "transmission_chain": "Ag(T+D)较上一期快照上涨 109.0 CNY/kg→上金所白银延期合约报价上移→AG 日内价格相对上一期快照偏强", "invalidation_conditions": "上金所后续修正 2026 年 08 月 25 日快照，或更高频官方报价显示当前数值被替代时，当前事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/yshqbg", "https://www.sge.com.cn/sjzx/quotation_daily_new?start_date=2026-08-24&end_date=2026-08-24"], "source_tier": "A" }, { "event_id": "SGE-AU-20260825-weekly-delivery-13040008", "event_type": "supply_demand", "title": "上金所周报黄金交割量 130400.08 千克", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AU"], "direction_score": {"AU": 0}, "confidence": 99, "horizon": "weeks", "raw_facts": "上海黄金交易所 2026 年第 32 期行情周报于 2026-08-25 发布，统计期为 2026-08-17 至 2026-08-21：黄金本周交割量 130,400.08 kg，本周成交量 282,608.08 kg，本周交割比 46.14%；累计交割量 5,100,990.90 kg，累计成交量 10,795,319.50 kg，累计交割比 47.25%。交割量与成交量均不含询价数据。", "transmission_chain": "黄金交割量与成交量同周发布→现货交收规模可与交易规模对照→AU 供需信号中性", "invalidation_conditions": "上金所后续修正第 32 期统计表或发布新的统计期数据取代本周数值时，当前事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/hqzb", "https://www.sge.com.cn/upload/file/202608/25/1c5ce1dc85bb41d49f480c493685e072.pdf"], "source_tier": "A" }, { "event_id": "SGE-AG-20260825-weekly-delivery-396810", "event_type": "supply_demand", "title": "上金所周报白银交割量 396810 千克", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AG"], "direction_score": {"AG": 0}, "confidence": 99, "horizon": "weeks", "raw_facts": "上海黄金交易所 2026 年第 32 期行情周报于 2026-08-25 发布，统计期为 2026-08-17 至 2026-08-21：白银本周交割量 396,810.00 kg，本周成交量 1,731,556.00 kg，本周交割比 22.92%；累计交割量 6,941,940.00 kg，累计成交量 69,223,418.00 kg，累计交割比 10.03%。交割量与成交量均不含询价数据。", "transmission_chain": "白银交割量与成交量同周发布→现货交收规模可与交易规模对照→AG 供需信号中性", "invalidation_conditions": "上金所后续修正第 32 期统计表或发布新的统计期数据取代本周数值时，当前事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/hqzb", "https://www.sge.com.cn/upload/file/202608/25/1c5ce1dc85bb41d49f480c493685e072.pdf"], "source_tier": "A" }, { "event_id": "SGE-AG-20260825-silver-inventory-825690", "event_type": "inventory", "title": "上金所指定仓库白银库存增至 825690 千克", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T00:00:00Z", "asset_keys": ["AG"], "direction_score": {"AG": -1}, "confidence": 99, "horizon": "weeks", "raw_facts": "上海黄金交易所 2026 年第 32 期行情周报于 2026-08-25 发布，统计期为 2026-08-17 至 2026-08-21：指定仓库白银上周库存 793,110.00 kg，本周增减+32,580.00 kg，本周库存 825,690.00 kg；按上周库存计算，本周增加约 4.1079%。报告未列出黄金指定仓库库存。", "transmission_chain": "指定仓库白银库存增加 32,580.00 kg→可交割白银库存上升→AG 供给端压力偏大", "invalidation_conditions": "上金所后续修正库存表，或后续周报显示库存回落并取代本周库存状态时，当前库存事件失效。", "source_urls": ["https://www.sge.com.cn/sjzx/hqzb", "https://www.sge.com.cn/upload/file/202608/25/1c5ce1dc85bb41d49f480c493685e072.pdf"], "source_tier": "A" }, { "event_id": "Reuters-AU-20260825-global-gold-463589", "event_type": "macro_release", "title": "路透全球市场页更新现货黄金报 4635.89 美元", "event_time_utc": null, "event_time_quality": "day_only", "published_at_utc": "2026-08-25T05:31:17.148Z", "asset_keys": ["AU"], "direction_score": {"AU": -1}, "confidence": 92, "horizon": "intraday", "raw_facts": "Reuters 全球市场页面在 2026-08-25T05:31:17.148Z 更新：现货黄金报 4635.89 USD/oz，日内下跌 0.3%；页面原始发布时间为 2026-08-25T01:26:32.610Z，原文未提供黄金报价的独立时刻，日期为 2026-08-25。本事件依据窗口内页面更新入流。", "transmission_chain": "全球市场页现货黄金下跌 0.3%→美元、利率与油价变量进入贵金属定价→AU 短线价格偏弱", "invalidation_conditions": "Reuters 后续更正该页面报价或跌幅，或更高频一手报价取代该快照时，当前事件失效。", "source_urls": ["[https://www.[reuters.com/world/china/global-markets-global-markets-2026-08-25/](https://www.reuters.com/world/china/global-markets-global-markets-2026-08-25/)](https://reuters.com/world/china/global-markets-global-markets-2026-08-25/](https://www.reuters.com/world/china/global-markets-global-markets-2026-08-25/))"], "source_tier": "B" } ], "coverage_gaps": [ { "item": "GLD/SLV 每日持仓变动", "status": "未交付", "detail": "本轮复查 SPDR 官方 GLD 页面、J.P. Morgan 金条清单、iShares 官方 SLV 页面及相关历史接口；GLD 页面持仓字段为 AWAITING，SLV 页面只显示截至 2026-08-24 的 495,097,780.60 ounces 和 15,399.26 tonnes 快照，均无法证明 2026-08-25T03:30:00Z 至 06:30:00Z 窗口内首次发布的每日持仓变动。", "source_urls": ["[https://www.[spdrgoldshares.com/usa/gld/](https://www.spdrgoldshares.com/usa/gld/)](https://spdrgoldshares.com/usa/gld/](https://www.spdrgoldshares.com/usa/gld/))", "[https://emea-[markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/SPDR_GOLD_TRUST_JPM_BARLIST.pdf](https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/SPDR_GOLD_TRUST_JPM_BARLIST.pdf)](https://markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/SPDR_GOLD_TRUST_JPM_BARLIST.pdf](https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/SPDR_GOLD_TRUST_JPM_BARLIST.pdf))", "[https://www.[ishares.com/us/products/239855/ishares-silver-trust-fund](https://www.ishares.com/us/products/239855/ishares-silver-trust-fund)](https://ishares.com/us/products/239855/ishares-silver-trust-fund](https://www.ishares.com/us/products/239855/ishares-silver-trust-fund))", "[https://emea-[markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/BONY_SLV.pdf](https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/BONY_SLV.pdf)](https://markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/BONY_SLV.pdf](https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/BONY_SLV.pdf))"] }, { "item": "COMEX 金银 registered/eligible 库存分级变动", "status": "未交付", "detail": "本轮改查 CME Registrar Reports 官方入口及其 Gold Stocks、Silver Stocks 下载入口；入口页未返回 registered/eligible 数字，两个 XLS 下载此前均返回 403，因此没有可核验的窗口内分级库存变动。", "source_urls": ["[https://www.[cmegroup.com/clearing/operations-and-deliveries/registrar-reports.html](https://www.cmegroup.com/clearing/operations-and-deliveries/registrar-reports.html)](https://cmegroup.com/clearing/operations-and-deliveries/registrar-reports.html](https://www.cmegroup.com/clearing/operations-and-deliveries/registrar-reports.html))", "[https://www.[cmegroup.com/delivery_reports/Gold_Stocks.xls](https://www.cmegroup.com/delivery_reports/Gold_Stocks.xls)](https://cmegroup.com/delivery_reports/Gold_Stocks.xls](https://www.cmegroup.com/delivery_reports/Gold_Stocks.xls))", "[https://www.[cmegroup.com/delivery_reports/Silver_stocks.xls](https://www.cmegroup.com/delivery_reports/Silver_stocks.xls)](https://cmegroup.com/delivery_reports/Silver_stocks.xls](https://www.cmegroup.com/delivery_reports/Silver_stocks.xls))"] }, { "item": "SHFE AU/AG 仓单日报", "status": "未交付", "detail": "本轮改查 SHFE 英文 Daily Warrant 入口；页面返回导航或入口内容，没有 2026-08-25 AU/AG 仓单数字，无法把入口页作为事件证据。", "source_urls": ["https://www.shfe.com.cn/eng/reports/StatisticalData/DailyData?query_params=dailystock"] }, { "item": "美国财政部 TIPS 实际收益率窗口内新行", "status": "未交付", "detail": "美国财政部 2026 年 Daily Treasury Real Yield Curve Rates CSV 当前最新可读日期仍为 08/24/2026，未取得 2026-08-25 窗口内新行，旧行没有作为本窗口事件发布。", "source_urls": ["[https://home.[treasury.gov/resource-center/data-chart-center/interest-rates/daily-treasury-rates.csv/2026/all?field_tdr_date_value=2026&type=daily_treasury_real_yield_curve&utm=&page=&_format=csv](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/daily-treasury-rates.csv/2026/all?field_tdr_date_value=2026&type=daily_treasury_real_yield_curve&utm=&page=&_format=csv)](https://treasury.gov/resource-center/data-chart-center/interest-rates/daily-treasury-rates.csv/2026/all?field_tdr_date_value=2026&type=daily_treasury_real_yield_curve&utm=&page=&_format=csv](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/daily-treasury-rates.csv/2026/all?field_tdr_date_value=2026&type=daily_treasury_real_yield_curve&utm=&page=&_format=csv))"] }, { "item": "SGE 周频出入库与黄金库存细分", "status": "部分交付", "detail": "SGE 第 32 期官方周报已交付黄金、白银交割量和白银指定仓库库存；该报告没有独立的黄金指定仓库库存，也没有本窗口要求的金银出入库细分数字，因此这些子项仍缺。", "source_urls": ["https://www.sge.com.cn/sjzx/hqzb", "https://www.sge.com.cn/upload/file/202608/25/1c5ce1dc85bb41d49f480c493685e072.pdf"] } ] }