【黄金期货收评】贸易政策仍存在不确定性 沪金日内上涨0.42%

Group 1: Market Overview - On July 30, the Shanghai gold futures closed at 773.78 yuan per gram, with a daily increase of 0.42% and a trading volume of 206,379 contracts [1] - The spot price of gold in Shanghai was quoted at 770.20 yuan per gram, indicating a discount of 3.58 yuan per gram compared to the futures price [1] Group 2: Economic Indicators - The U.S. trade deficit in goods narrowed by 10.8% in June to 86 billion USD, with imports decreasing by 4.2% to 264.2 billion USD, marking the lowest level of consumer goods imports since September 2020 [1] - Exports in the same month saw a slight decline of 0.6% [1] Group 3: Institutional Insights - According to Zhengxin Futures, gold prices are expected to remain volatile due to multiple factors including trade policy uncertainties and economic policy fluctuations, with a reasonable valuation projected at around 2,990 USD per ounce over the next three years [2] - The pressure from President Trump on the Federal Reserve for interest rate cuts poses risks to the Fed's independence, while the upcoming trade agreements and the third round of U.S.-China trade talks may influence market sentiment [2] - The long-term uncertainty in U.S. economic policy remains high, and the demand for precious metals as a strategic asset is expected to rise, providing support for gold prices [2]