Gold Market - President Trump stated that gold imports will not face U.S. tariffs, putting pressure on gold prices [2] - Recent U.S. non-farm payroll data was weak, and the Labor Department revised down employment data for the past two months, indicating a poor job market that may influence the Federal Reserve's decision on interest rate cuts [2] - The soft employment data has led more Federal Reserve officials to focus on the timing of rate cuts and to create forward guidance for the market, which could support gold prices [2] - Analyst Chen Yu from Bailihao believes that unless the upcoming CPI data shows a significant increase, the Federal Reserve is likely to restart rate cuts in September [2] - On the technical side, the previous trading day saw a decline from a high position and closed with a bearish candle, indicating a weak short-term trend. The market is testing the 62-day moving average, and if it stabilizes, there may be further upward opportunities. Key support is noted at $3,330 [2] Oil Market - President Trump announced a 25% tariff on India, bringing the total tax rate to 50%. India has indicated a willingness to reduce oil imports from Russia as part of a tariff resolution, which could significantly decrease Russian oil exports [4] - According to a Reuters survey, OPEC's oil production increased by 270,000 barrels per day in July, not reaching the previously planned production increase levels, suggesting that supply may provide short-term support for oil prices [5] - While supply may support oil prices in the short term, the long-term outlook suggests that OPEC+ is likely to gradually increase production, maintaining the risk of oversupply [5] - On the technical side, the previous trading day showed a low-level adjustment with a small bullish candle, indicating a potential stabilization of the current downtrend. The market is operating below the 20-day moving average, overall showing weakness. Key resistance is at $65, and support is at $63 [5]
百利好早盘分析:懂王不征黄金关税 金价短期有所回调
Sou Hu Cai Jing·2025-08-12 02:55