上海黃金交易所黃金T+D 6月29日（週一）早盤盤初上漲1.18%報887.64元/克； 上海黃金交易所白銀T+D 6月29日（週一）早盤盤初上漲2.16%報14173.0元/千克。

Shanghai Gold Exchange gold T+D early Monday trade on June 29 rose 1.18% to 887.64 yuan/gram; silver T+D gained 2.16% to 14,173 yuan/kg.

CSC Financial says Q3 market direction will be driven by: fundamentals — AI compute demand remains highly cyclical; company earnings and overseas results are key, and policy actions from the July Politburo meeting matter given macro pressure since April. Liquidity — external shocks have risen while domestic liquidity is neutral. Risk appetite — geopolitical events and major tech listings can produce short-term volatility; monitor compute trends in Japan, Korea and the US due to global tech linkage. Sector view — AI compute’s bull case intact but volatility has increased; advise against chasing rallies, accumulate on dips. Lithium batteries should enter seasonal strength, energy storage demand is warming, and renewables may see valuation repair. Dividend plays look poised for oversold rebounds. Focus: banks, coal, utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC).