Core Viewpoint - Precious metals, including gold and silver, experienced significant declines due to reduced market risk appetite following trade agreements between the U.S. and its partners, leading to heavy selling pressure on these assets [1] Group 1: Market Reactions - Gold prices fell to around $3370 per ounce, while silver saw a short-term decline with a daily drop of 1.00%, falling below the $39 mark [1] - The market's risk aversion diminished as the U.S. reached trade agreements, resulting in decreased attractiveness of precious metals as safe-haven assets [1] Group 2: Trade Agreements - The EU and the U.S. are nearing a trade agreement that would impose a 15% tariff on European imports, similar to a recent agreement between the U.S. and Japan [2] - The EU may accept "reciprocal tariffs" to avoid the threat of increased tariffs from the U.S., which could rise to 30% starting August 1 [2] - Some products, including aircraft, spirits, and medical equipment, may be exempt from tariffs under the new agreement [2] Group 3: Technical Analysis - Gold is struggling to maintain above the $3400 mark, with potential further declines if it breaks below the July 16 high of $3377.17, targeting the $3350-$3330 range [3] - Silver has shown strong performance due to industrial demand and supply shortages, which may indirectly support gold prices [3] - If gold surpasses $3400 per ounce, the next resistance levels are at $3452 and the historical high of $3500; otherwise, it may drop to $3350, with further support at the 20-day and 50-day moving averages [3] Group 4: Silver Market Dynamics - Silver is consolidating below $39.50 after a three-day surge, with a relative strength index around 73, indicating strong bullish momentum but potential overbought conditions [4] - The price has been moving within a defined ascending channel since early April, with significant support levels at $38.45-$38.10 and further down at the 21-day moving average of $37.59 [4] - The 50-day moving average at $36.20 provides a solid support level, reinforcing the broader upward trend in silver prices [4]
美欧接近达成贸易协议 贵金属遭遇猛烈抛售
Jin Tou Wang·2025-07-24 04:09