轩锋—黄金反复再走弱，原油高位如期回落！

Group 1 - The Federal Reserve announced to maintain interest rates unchanged and has no immediate plans for rate cuts, leading to a rise in the US dollar index which pressured gold prices down to around 3268 [2][4] - Trade negotiations have extended with Mexico for an additional 90 days, while agreements have been reached with other trade partners, resulting in a decrease in overall market risk aversion as tariffs are implemented [4] - Technical analysis indicates that after a sharp decline, gold showed signs of recovery but faced resistance around 3314, suggesting a short-term bearish trend with key support levels at 3270/66 [4] Group 2 - The US Energy Information Administration reported that US crude oil production reached a record high of 13.49 million barrels per day in May [6] - As of July 25, US crude oil inventories increased by 7.7 million barrels to 426.7 million barrels, influenced by a decline in exports and upcoming OPEC+ production increases, indicating a loose supply-demand balance in the market [6] - Technical outlook for crude oil suggests a bearish sentiment, with recommendations to sell on rebounds around 69.6, targeting levels of 68/67 [6]