巨富金业：美联储加息周期尾声临近，黄金中长期上行逻辑待验证

Group 1: Fundamental Analysis of Spot Gold - The US ADP employment increased by only 37,000 in May, significantly below the expected 110,000, indicating a weakening economic growth momentum [2] - The unemployment rate rose from 4.187% in April to 4.244% in May, suggesting a decline in the labor market [2] - The manufacturing sector faced challenges with a reduction of 8,000 jobs, the largest drop this year, reflecting issues in the economic structure and potentially increasing demand for safe-haven assets like gold [2] - The consumer price index rose by 2.3% year-on-year as of April, leading investors to buy gold as a hedge against inflation [2] Group 2: Technical Analysis of Spot Gold - The price of spot gold rebounded from a low to a high of 3338.25 before retreating to around 3325.50 USD/oz, indicating a short-term downtrend [3] - The current technical pattern suggests a trading strategy where investors should consider short positions near the resistance level of 3340.00, with a stop-loss at 3377.00 and a take-profit at 3273.00 [3] Group 3: Technical Analysis of Spot Silver - Spot silver prices continued to rise, currently quoted at 36.800, with a clear upward trend observed in the 1H chart [5] - The technical analysis recommends waiting for a price pullback to the support level of 36.340 to open long positions, with a stop-loss at 35.960 and a take-profit at 36.850 [5]