短期反弹VS长期桎梏 贵金属前行之路多艰

Market Overview - The US dollar index experienced fluctuations, reaching a high of 98.42 before reversing gains and closing down 0.05% at 98.20 after the Federal Reserve's meeting minutes indicated only two policymakers supported a rate cut in September [1][2][3] - Spot gold prices rose significantly, nearing the $3350 mark, with an increase of nearly $40 from the daily low, ultimately closing up 0.98% at $3348.05 per ounce [1][2] - Spot silver also saw gains, closing up 1.40% at $37.87 per ounce [1][2] Key Events - Concerns over the politicization of the Federal Reserve were heightened after officials from Trump's camp called for an investigation into Fed Governor Cook, leading to calls for his resignation, which contributed to market uncertainty and provided some safe-haven support for precious metals [3] - The July meeting minutes from the Federal Reserve indicated that many participants believe current interest rates are close to neutral, with a majority favoring a wait-and-see approach, which has suppressed rate cut expectations and may limit the upside for precious metals [3] Technical Analysis - The short-term outlook for precious metals shows a rebound, but future movements will be influenced by a mix of bullish and bearish factors [4] - Gold is approaching the critical psychological level of $3400; a successful breakout and sustained position above this level could open further upside potential, while a retreat could find support around $3350 [4] - Silver traders should monitor the $38 level for potential resistance [4]