Macro News - On August 12, the Shanghai gold futures price was reported at 777.18 CNY per gram, with a decline of 0.97%. The opening price was 777.52 CNY per gram, reaching a high of 778.78 CNY and a low of 775.62 CNY [1] - Following a statement from U.S. President Trump that "gold will not be subject to tariffs," precious metal prices experienced a significant drop. As of the report, COMEX gold futures fell by 2.78% to 3394.1 USD per ounce, while COMEX silver futures decreased by 2.29% to 37.66 USD per ounce [1] - The U.S. Customs and Border Protection announced that gold imports would be subject to tariffs, which could have profound implications for the global gold market if the ruling is upheld [1] Institutional View - In the long term, precious metal prices are expected to operate with a volatile upward trend. The combination of risk premium and policy easing is driving gold prices to break through previous highs. Key technical levels to watch include the ability to maintain above 3500 USD per ounce, with 3400 USD per ounce likely forming a solid technical base [2] - Silver is expected to follow the upward trend of gold, effectively breaking through the critical resistance level of 38.5 USD per ounce. If it stabilizes at this level, the price may challenge the 39 USD per ounce mark due to recovering industrial consumption sentiment and financial attributes [2]
国贸期货：1公斤金条关税风暴暂息 贵金属价格或震荡偏强运行
Jin Tou Wang·2025-08-12 05:44