Group 1 - Silver prices experienced a sharp decline, hitting a low of $38.94 per ounce, marking the second consecutive day of decrease, although the overall trend remains strong [1] - The anticipated tariff agreement between the EU and the US is expected to reduce the safe-haven demand for silver, while trade negotiations between China, India, South Korea, and the US continue [1] - Concerns regarding the independence of the Federal Reserve have eased, further diminishing the demand for silver [1] Group 2 - The UK government recorded its second-highest monthly borrowing since 1993 in June, driven by debt interest pressures from inflation, which may lead to increased taxes in the autumn budget, posing risks to economic growth [2] - Despite these challenges, the British pound remains favored in the market due to expectations that the Bank of England will initiate a rate cut cycle in August, with several institutions predicting a 25 basis point reduction [2] - The US dollar showed little reaction to the trade agreement with Japan, with the dollar index hovering around 97.45, close to a two-week low, as the market awaits the release of the US July PMI data [2] Group 3 - Peace talks between Russia and Ukraine have gained international attention, with a brief meeting in Istanbul yielding some progress on prisoner exchanges, but significant divisions remain on key issues like ceasefire conditions [3] - The likelihood of an EU-US trade agreement before the August 1 deadline appears slim, increasing investor caution amid widespread trade tensions, which continue to support gold's safe-haven appeal [3] - The average effective tariff rate in the US has surged to 22.5%, the highest since 1909, contributing to a 2.7% year-on-year increase in the consumer price index (CPI) in June, raising concerns about inflation and economic growth prospects [3] Group 4 - The recent agreement between the US and Japan, along with the nearing 15% tariff agreement between the US and EU, has led to a cooling of domestic commodity sentiment, with silver prices experiencing fluctuations [4] - Despite the cooling sentiment, silver prices still show support, indicating a generally strong outlook, with specific trading ranges suggested for silver operations [4] - The market is advised to be cautious with bullish positions on silver, particularly around the $39.5 resistance level, while monitoring key support levels [4]
各地财政风波再起 白银行情或反弹上涨
Jin Tou Wang·2025-07-25 03:13