As of 02:30 close, SHFE main gold contract rose 0.36% to 959 yuan/gram; SHFE main silver contract rose 0.63% to 16,024 yuan/kg; SC crude oil main contract rose 0.63% to 556 yuan/barrel.

OPEC monthly report forecasts global oil demand at 105.74 mln bpd in 2026.

China International Capital Co research: commodity markets are likely to continue to diverge. AI data centers, power‑grid expansion and energy transition will support copper and aluminum demand. With supply constraints still tight, nonferrous metals combine improved liquidity and AI-driven physical investment; recommend overweight. Oil and other energy commodities retain hedging value but volatility may increase; recommend maintaining positions and avoiding chasing gains.