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📅 2026-09-29 · COMEX黃金 · 單品種深度報告

本報告來自 MacroTerms.com

數據截止: 2026-09-29

Gold (GC=F) Deep Dive | 2026-09-29: High Rates, Strong USD Crush Gold | 2026-09-29

Gold closed at 4155.8 on 2026-09-29, down 0.3% on the day and 3.54% on 2026-09-28, extending a sharp sell-off from the 4321.2 close on 2026-09-25. The metal has broken key support near 4230, with the 20-day change at -7.36% and 5-day change at -2.36% as of 2026-09-25. The primary driver is a surge in US 10-year Treasury yields to 5.24% and a firmer dollar index at 101.18, both pressuring non-yielding assets. Geopolitical risk, typically a tailwind, has been overshadowed by the rate narrative, with headlines citing Trump's rejection of Iran's Strait of Hormuz proposal and signals of new bombings. Positioning remains extremely crowded: managed money net longs at 127,389 contracts as of 2026-09-22, with crowding at 92.46 and CTA positioning at 62. The term structure is in contango (M1-M2: -18.
5), and the gold-silver ratio at 68.14 sits in the 66th percentile of its 1-year range. With 20-day volatility at 19.74% and a 30-day Sharpe of -2.09, the near-term balance is bearish, but oversold conditions and persistent geopolitical risks could trigger a bounce if yields stabilize.

往期研報封存

2026-10-08:單品種Gold (GC=F) Deep Dive | Bearish Bias | 2026-10-08 查看 2026-10-07:單品種Gold (GC=F) Deep Dive | 2026-10-07 — Fading Crowded Longs Into Support, Tactical LONG | 2026-10-07 查看 2026-10-06:單品種Gold (GC=F) Deep Dive | 2026-10-06 — Oversold Bounce Setup, LONG | 2026-10-06 查看 2026-10-05:單品種Gold (GC=F) Deep Dive | 2026-10-05 — Selloff Exhausted at 20D Floor, Tactical Long | 2026-10-05 查看 2026-10-04:單品種Gold (GC=F) Deep Dive | 2026-10-04 — Bearish, 4143.1 20-day floor in focus | 2026-10-04 查看 2026-10-03:單品種Gold (GC=F) Deep Dive | 2026-10-03: Bearish While Below 4191.7 Pivot | 2026-10-03 查看 2026-10-02:單品種Gold (GC=F) Deep Dive | 2026-10-02 — Bearish Below Pivot 4198, GCZ26 | 2026-10-02 查看 2026-10-01:單品種Gold (GC=F) Deep Dive | 2026-10-01 — Long into 4,143 Support, Invalidation 4,132 | 2026-10-01 查看 2026-09-30:單品種Gold (GC=F) Deep Dive | 2026-09-30 — Long-term bull intact, tactical LONG into 4143 support | 2026-09-30 查看 2026-09-28:單品種Gold Deep Dive | Crowded Longs Unwind Into 4300 Break | 2026-09-28 查看 2026-09-27:單品種Gold (GC=F) Deep Dive | Bearish Bias | 2026-09-27 查看 2026-09-26:單品種Gold (GC=F) Deep Dive | 2026-09-26: Corrective Consolidation Amid Crowded Longs | 2026-09-26 查看 2026-09-25:單品種Gold (GC=F) Deep Dive | 2026-09-25 | Correction Tests 4260 Support as Real Yields Bite | 2026-09-25 查看 2026-09-24:單品種Gold (GC=F) Deep Dive | 2026-09-24: Crowded Longs Meet Macro Crosswinds | 2026-09-24 查看 2026-09-23:單品種Gold (GC=F) Deep Dive | 2026-09-23: Rangebound, Crowding Cools | 2026-09-23 查看 2026-09-22:單品種Gold (GC=F) Deep Dive | 2026-09-22 | Consolidation Amid Crowded Longs | 2026-09-22 查看 2026-09-21:單品種Gold (GC=F) Deep Dive | 2026-09-21 | Crowded Longs vs. Macro Crosscurrents | 2026-09-21 查看 2026-09-20:單品種Gold (GC=F) Deep Dive | 2026-09-20: Gold Grinds Higher as 10Y Yield Nears 5% | 2026-09-20 查看 2026-09-19:單品種黄金(GC=F)深度分析报告 | 2026-09-19 | 三巫日金价逆势收涨0.57% | 2026-09-19 查看 2025-06-11:單品種Gold (GC=F) Deep Dive | 2025-06-11: Rangebound Consolidation Amid Mixed Signals 查看

⟠ 本月策略回測表現

每日早報 AI 觀點逐日跟蹤結算 · 止損/目標客觀撮合

* 回測基於日報交易觀點逐日結算:止損/目標先到為準,窗口末按收盤平倉。過往表現不代表未來收益。