Gold Market - Gold prices have risen significantly, reaching a high of $3,390, the highest in two weeks, driven by weak non-farm payroll data and increased expectations for interest rate cuts [1] - Total gold demand for the first half of 2025 is projected to rise to 2,384 tons, marking the strongest performance for the first half since 2013, with investment demand exceeding 1,000 tons and ETF inflows of 397 tons [1] - Jewelry demand has decreased by 18% to 782 tons, while retail investment increased by 38 tons to 636 tons [1] - Analysts suggest that the softening U.S. labor market is contributing to rising expectations for interest rate cuts, which in turn supports higher gold prices [1] - Technical analysis indicates a strong bullish trend for gold, with a focus on the $3,370 level as a key support and resistance line [1] Oil Market - President Trump's threat to impose a 100% secondary tariff on Russian oil buyers if a ceasefire agreement is not reached could lead to a significant supply shortage, as current Russian oil exports stand at 7 million barrels per day [3] - The probability of a 25 basis point rate cut by the Federal Reserve has risen to 92.4% for September, which is expected to boost oil demand and support higher oil prices [3] - Technical analysis shows that oil prices fell to a low of $65, with a potential for a reversal if prices stabilize above this level [3] Copper Market - Copper prices experienced a significant drop last week and have been trading sideways with a weak performance, indicating potential downside risks [5] - A break below the $4.30 level could test support at $4.21, while resistance is noted at $4.47 [5] Nikkei 225 Index - The Nikkei 225 index has been trading within a narrow range, failing to break above 40,632, indicating a weak trend with a higher probability of decline [6] - Key support levels to watch include 40,000 and 39,500, as the index has been in a corrective phase since July 24 [6]
百利好早盘分析：需求持续上升 黄金步步走高
Sou Hu Cai Jing·2025-08-06 02:20