黄金价格有所回落 全球债务市场发出危险信号

Group 1 - The current market situation indicates the beginning of a prolonged economic war rather than the end of trade disputes, as highlighted by Capital Economics' chief analyst Kyle Rodda [3] - Recent data shows an unexpected rise in initial jobless claims in the U.S. to 268,000, and the first quarter GDP revision was lowered to 1.1%, raising concerns about a potential "Trump recession" [3] - The U.S. 30-year Treasury auction faced historic cold reception with the winning yield soaring to 4.85%, while Japan's central bank had to intervene to suppress the 10-year bond yield, indicating unsustainable fiscal conditions in both countries [3] Group 2 - The core CPI in Tokyo rose by 3.2% year-on-year, leading to a 0.3% jump in the yen, as markets speculate on a potential interest rate hike by the Bank of Japan in July, contrasting with expectations of a rate cut by the Federal Reserve [3] - The dollar/yen monthly line still shows a modest decline of 0.5%, primarily due to safe-haven demand triggered by Trump's "America First" policy [3] - Economies.com analysts noted that the recent pullback in spot gold prices is a corrective move aimed at consolidating previous gains and addressing the overbought conditions indicated by the RSI [4]