广发期货：贸易协议影响减弱 避险需求与宽松预期提振金价

Macro News - The main focus is on the geopolitical tensions between the US and India regarding India's purchase of Russian oil, with President Trump threatening to impose significant tariffs on Indian goods if they continue these purchases [1] - The Swiss Federal Council is preparing to negotiate with the US after the announcement of a 39% tariff on Swiss imports, indicating a willingness to find a more attractive proposal to alleviate the current tariff situation [1] Employment Data and Federal Reserve - President Trump has accused the US Labor Department of manipulating the recent employment report to favor the Democratic Party, leading to the dismissal of the Bureau of Labor Statistics director [2] - There is a significant expectation for the Federal Reserve to lower interest rates, with a 94.4% probability of a 25 basis point cut in September, reflecting concerns over the deteriorating job market [2] - The increase in gold prices is attributed to the rising demand for safe-haven assets amid expectations of monetary easing and a weakening dollar [2]