Group 1: Precious Metals Market - Gold prices are expected to remain in the range of $3,120 to $3,500, with a low probability of breaking above $3,500 in July due to the absence of interest rate cuts [2][50] - Silver is projected to maintain a high level above $34.50, with potential for new highs driven by expectations of U.S. interest rate cuts in the second half of the year [3][51] - Copper prices are supported at $4.85, with expectations of maintaining a range between $4.85 and $5.30 due to reduced supply and tariff risks [4][51] Group 2: Currency Market - The euro is trading around 1.18300, near its 2021 peak, with potential for a pullback but a long-term bullish outlook remains [5][54] - The British pound has shown an upward trend, with a focus on potential short-term pullbacks due to interest rate cut expectations, while medium-term prospects remain positive [6][55] - The Japanese yen is expected to remain weak, trading in the range of 140.50 to 149.60, due to economic challenges and trade negotiation uncertainties [7][56] Group 3: Commodity Market - Oil prices are likely to fluctuate between $60 and $70, influenced by geopolitical tensions and seasonal demand, despite high supply levels [8][57] - Cocoa prices are expected to remain above $7,500 due to supply shortages driven by adverse weather conditions, with potential impacts from other soft commodities [9][58] Group 4: Equity Market - U.S. stock indices are facing potential pullbacks in July, with the Federal Reserve likely to maintain interest rates, but long-term bullish trends are anticipated due to expected rate cuts later in the year [10][58] - The Nikkei 225 is projected to trade between 38,750 and 41,500, with caution advised due to underlying economic weaknesses and trade negotiation uncertainties [12][59]
【市场纵横】多空因素交织 黄金延续震荡
Sou Hu Cai Jing·2025-07-09 02:11