威尔鑫点金·׀ 美国债务空中加油后激升 对黄金市场有何影响

Core Viewpoint - The article discusses the impact of the recent surge in U.S. debt on the gold market, highlighting the disconnect between rising debt levels and gold price movements, as well as the implications for inflation and monetary policy [1][12]. Group 1: Gold Market Analysis - On Tuesday, the international spot gold price opened at $3341.84, reaching a high of $3358.85 and a low of $3330.75, closing at $3348.12, with a slight increase of $5.92 or 0.18% [1]. - The Wellxin precious metals index opened at 6884.43 points, peaked at 6848.79 points, and closed at 6900.80 points, reflecting a gain of 16.34 points or 0.24% [3]. - Domestic gold market indicators show a narrowing premium over theoretical prices, with Shanghai AUTD gold price dropping to a discount of 1.26 yuan per gram, indicating weakened demand [6]. Group 2: U.S. Economic Indicators - The U.S. July CPI data was released, maintaining a year-on-year rate of 2.7%, which was better than the expected rise to 2.8% [7]. - The core CPI, excluding food and energy, rose to 3.1%, leading to a decrease in expectations for a 50 basis point rate cut by the Federal Reserve [9]. - The U.S. federal debt reached approximately $37 trillion, with a significant increase of $702.5 billion in July alone, raising questions about the sustainability of fiscal policy [14][15]. Group 3: Inflation and Monetary Policy Outlook - The article suggests that the recent CPI data does not provide a clear picture of inflation trends, as the true impact of global tariffs on domestic inflation will only be evident in future reports [9][12]. - The ISM non-manufacturing price index has reached a two-year high, indicating potential upward pressure on inflation, which could complicate the Federal Reserve's monetary policy decisions [11]. - The article posits that the current economic environment, characterized by rising debt and inflationary pressures, may lead to a prolonged period of low interest rates, similar to past economic cycles [19].