金瑞期货：在政策信号与宏观数据公布的影响下 贵金属价格将偏弱震荡

Group 1: Macroeconomic Insights - The Federal Reserve Chairman Powell met with President Trump to discuss economic growth, employment, and inflation, emphasizing that policy decisions will depend on upcoming economic data [2] - The revised first-quarter GDP for the U.S. shows a contraction of 0.2%, slightly improved from the initial estimate of a 0.3% decline, indicating economic shrinkage at the beginning of the year [2] - Consumer spending growth has been significantly downgraded, marking the weakest growth in nearly two years, while corporate profits plummeted by 2.9%, the largest drop since 2020 [2] Group 2: Trade and Policy Developments - The U.S. Court of Appeals has temporarily suspended a ruling that blocked Trump's global tariffs, with the court considering whether to extend this suspension [2] - The U.S. International Trade Court previously ruled that the government's imposition of tariffs under the International Emergency Economic Powers Act was illegal, leading to the current legal uncertainty [2] - The Chinese Ministry of Commerce has responded to recent developments in U.S.-China trade talks, indicating ongoing communication regarding trade concerns, particularly around semiconductor export controls [2] Group 3: Market Analysis and Predictions - Jinrui Futures predicts that precious metal prices will experience weak fluctuations influenced by policy signals and macroeconomic data [3] - Recent trading saw an increase in precious metal prices, with COMEX gold futures rising by 0.61% to $3342.60 per ounce and silver futures up by 0.84% to $33.44 per ounce [3] - Despite the rise in precious metal prices, there is a lack of further upward momentum due to positive signals in tariff negotiations and strong U.S. economic data, suggesting a recovery in market risk appetite [3]