政经博弈推涨贵金属 贵金属震荡偏强

Group 1 - The precious metals market is experiencing a strong upward trend, with spot gold prices reaching a one-month high of $3403 before retreating to around $3386.33 per ounce, while spot silver has increased by 1.0% to $38.55, marking a 14-year high [1] - Nearly 60% of the annual demand for silver comes from industrial uses, highlighting its importance beyond investment [1] - The weakening US dollar index and declining US Treasury yields have provided strong support for the precious metals market, driving significant price increases for both gold and silver [1] Group 2 - The EU is exploring countermeasures against US tariffs while prioritizing negotiations, and Indonesia's 19% tariff may take effect on August 1, creating uncertainty that boosts safe-haven demand for precious metals [2] - The political climate in the US, including calls for criminal charges against Federal Reserve officials and scrutiny of the Fed's operations, raises concerns about policy credibility and market volatility, enhancing the safe-haven appeal of precious metals [2] - US Treasury Secretary Yellen indicated that interest rate cuts should be considered if inflation data is low, which could influence market expectations regarding interest rates and provide financial support for precious metals [2] Group 3 - Technical analysis for spot gold indicates a bullish trend, with prices operating near the upper Bollinger Band and MACD indicators showing a bullish crossover, suggesting strong upward momentum [3] - Spot silver is poised to challenge its annual high of $39.12 after breaking through key resistance levels, with bullish momentum indicated by the RSI, although it remains below extreme levels [4]