Market Overview - International gold prices experienced fluctuations and closed lower on August 14, with an opening price of $3357.77 per ounce, a high of $3374.78, a low of $3334.24, and a closing price of $3341.68 [1] Economic Indicators - The U.S. Producer Price Index (PPI) for July recorded a year-on-year increase of 3.3%, surpassing market expectations of 2.5% and the previous value of 2.3% [2] - The month-on-month PPI for July was reported at 0.9%, also exceeding the market expectation of 0.2% and the previous value of 0.00% [2] - Initial jobless claims for the week ending August 9 were recorded at 224,000, lower than the expected 228,000 and the previous figure of 226,000 [2] - The rise in wholesale price inflation in July is attributed to soaring profit margins, indicating that companies have not fully absorbed the increased import costs related to tariffs [2] Federal Reserve Insights - Federal Reserve official Muthalham stated that it is premature to decide on a rate cut in the upcoming meeting, emphasizing that current economic conditions do not support a significant rate reduction [4] - Muthalham highlighted the potential risks to the labor market due to economic slowdown and tariff pressures on corporate profit margins [4] - Market expectations for a 25 basis point rate cut in the next Federal Reserve meeting are reinforced by the latest data showing the impact of tariffs on inflation and a slowing job market [4] Geopolitical Context - President Trump indicated that the outcome of his meeting with President Putin will influence his communication with Ukrainian President Zelensky, suggesting potential sanctions if the meeting does not yield positive results [6] Gold ETF Holdings - The largest gold ETF, SPDR Gold Trust, reported a holding of 961.36 tons, a decrease of 2.86 tons from the previous trading day [7] Market Sentiment - The market is currently cautious, maintaining a bearish outlook on gold prices, with short-term trading strategies reflecting a preference for a range-bound approach [9][10]
金荣中国：美PPI数据高于市场预期，金价震荡走低大幅收跌
Sou Hu Cai Jing·2025-08-15 02:09