Market Overview - International gold prices experienced fluctuations and closed higher on July 31, with an opening price of $3290.42 per ounce, a peak of $3314.83, a low of $3268.02, and a closing price of $3295.49 [1] Economic Indicators - The Chicago PMI for July recorded at 47.1, surpassing market expectations of 42 and the previous value of 40.4 [2][4] - Initial jobless claims in the U.S. for the week ending July 26 were reported at 218,000, lower than the expected 224,000 and slightly above the previous week's 217,000 [2] - The core PCE price index for June showed a month-on-month increase of 0.3%, aligning with market expectations, while the year-on-year increase was 2.8%, exceeding the expected 2.7% [2][5] - Personal spending in June rose by 0.3%, below the expected 0.4%, and improved from a previous decline of -0.1% [2] Trade Developments - The White House announced that President Trump will maintain the global minimum tariff rate at 10%, disregarding previous suggestions to raise it to 15% or higher [5] - An executive order was signed to increase tariffs on Canada from 25% to 35%, effective August 1, excluding goods covered by the USMCA agreement [5] Gold Market Insights - The largest gold ETF, SPDR Gold Trust, reported a decrease in holdings by 0.86 tons, bringing the total to 954.51 tons [6] - Market expectations indicate a 61.8% probability that the Federal Reserve will keep interest rates unchanged in September, with a 38.2% chance of a 25 basis point cut [6] Technical Analysis - Gold prices showed a rebound, maintaining a range around $3299 before reaching a high of $3315, followed by a slight decline [10] - Short-term indicators suggest a potential downward trend, with resistance levels identified at the 60-day moving average [10] - The overall market sentiment remains cautious, with a focus on maintaining a range-bound trading strategy [11]
金荣中国：特朗普敲定“对等”关税，金价扩大反弹维持震荡
Sou Hu Cai Jing·2025-08-01 02:33