According to the CITIC Construction Investment Research Report, the US CPI cooled down beyond expectations in November, causing the market to revise the Federal Reserve's interest rate cut in 2026. Prices of precious metals such as gold, silver, platinum and palladium strengthened, and industrial metals such as tin, copper, and aluminum also showed strong performance. On the one hand, there is abundant liquidity, and on the other hand, strong supply constraints push commodity prices to continuously challenge phased highs. Furthermore, the importance of basic raw materials to economic development is increasingly being paid attention to by relevant countries, and even the use of tariffs to obtain such products has increased the regional gap in the market and further promoted the rise in prices.

According to the CITIC Construction Investment Research Report, the US CPI cooled down beyond expectations in November, causing the market to revise the Federal Reserve's interest rate cut in 2026. Prices of precious metals such as gold, silver, platinum and palladium strengthened, and industrial metals such as tin, copper, and aluminum also showed strong performance. On the one hand, there is abundant liquidity, and on the other hand, strong supply constraints push commodity prices to continuously challenge phased highs. Furthermore, the importance of basic raw materials to economic development is increasingly being paid attention to by relevant countries, and even the use of tariffs to obtain such products has increased the regional gap in the market and further promoted the rise in prices.