JP MORGAN CHASE(US:JPM) Jin Tou Wang·2025-07-31 05:37Group 1 - The relationship between Wall Street and the Trump administration is evolving, highlighted by JPMorgan CEO Jamie Dimon's two visits to the White House within two months, focusing on tariffs, regulations, and the housing market [2] - The U.S. GDP grew by 3% in Q2, significantly driven by businesses stockpiling inventory, while a compromise on auto tariffs between the U.S. and Europe could boost Q3 growth by an additional 0.5 percentage points [2] - Private consumption growth has sharply declined to 1.2%, the lowest since 2022, indicating underlying weakness in domestic demand [2] Group 2 - The federal debt has surpassed $36 trillion, accounting for 126% of GDP, with the expanding deficit threatening the credibility of the U.S. dollar [2] - Dimon highlighted the housing affordability crisis, noting that high interest rates severely limit lending capacity, with a 29% gap in homeownership rates between Black and White Americans [2] - The potential nomination of either Becerra or Hassett to lead the Federal Reserve could advocate for a weaker dollar policy, which may temporarily boost risk assets but ultimately undermine the dollar's dominance [2] Group 3 - Current gold futures are trading around 769.58 yuan per gram, with a slight decline of 0.46%, and the market is expected to exhibit a short-term oscillating trend [1] - Key resistance levels for gold futures are identified between 794 yuan per gram and 840 yuan per gram, while important support levels are between 766 yuan per gram and 815 yuan per gram [3] - The domestic gold market continues to show a weak trend, with fluctuations observed throughout the week, and the target price for gold is set at 790 yuan per gram [3]