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海通期货:特朗普与普京即将进行会晤 贵金属长期看涨逻辑依然稳固
Jin Tou Wang·2025-08-11 04:04

Macro News - The CPI data released on Saturday showed a year-on-year increase stronger than expected, while the PPI's month-on-month decline narrowed, reflecting the effectiveness of the "anti-involution" policy [1] - The upcoming meeting between President Trump and President Putin on August 15 in Alaska is uncertain, as Ukraine and Europe are unlikely to accept Putin's ceasefire conditions [1] - The White House is considering inviting Ukrainian President Zelensky to Alaska, but the focus remains on preparing for the bilateral meeting proposed by President Putin [1] Institutional Views - Last week, gold continued its rebound, initiated by the significantly lower-than-expected U.S. non-farm payrolls in July, which raised expectations for interest rate cuts and led to a sharp decline in the dollar [1] - The ISM services PMI for July recorded 50.1, below the expected 51.5 and previous value of 50.8, indicating a slowdown in consumer demand since the fourth quarter of last year [1] - Trump's nomination of Stephen Moore to fill the vacant Federal Reserve Board position is interpreted as an increase in Trump's intervention in monetary policy, negatively impacting the long-term credibility of the dollar and supporting the upward trend in gold [2] - The potential ceasefire agreement in the Russia-Ukraine situation could pose short-term risks to gold prices, but the long-term bullish outlook remains intact [2] - The strategy suggests buying gold and silver on dips as the market continues to react to these developments [2]