智昇黄金原油分析：贸易摩擦明显 金价再创新高

Group 1: Gold Market - President Trump is set to announce reciprocal tariffs on April 2, affecting all countries, which is raising risk aversion and pushing gold prices higher [1] - The Federal Reserve maintains a cautious stance on interest rate cuts, with officials indicating the need for confidence in declining inflation before making decisions [1] - Technical analysis shows a strong upward trend in gold prices, with a focus on the support level around $3110 [1] Group 2: Oil Market - Geopolitical uncertainties, including the US-Russia tensions over Ukraine and threats from Iran, are increasing risks to oil supply, which is supportive of oil prices [2] - China's March manufacturing PMI data at 50.5, slightly better than the previous value, is expected to improve oil demand [2] - Despite negative fundamental factors, geopolitical tensions and improved manufacturing data are expected to provide marginal support for oil prices [2] - Technical indicators show a strong upward trend in oil prices, with a focus on the support level around $70 [2] Group 3: Nikkei 225 and Copper Market - The Nikkei 225 index has shown a weak trend with multiple days of decline, indicating bearish sentiment [3] - Copper prices are testing the 20-day moving average support, with potential for further gains if it stabilizes [3] - Technical analysis indicates a risk of weakness in copper prices, with attention on the resistance level around $5.09 [3]