Group 1: Market Overview - On August 21, Shanghai gold futures closed at 775.12 yuan per gram, with a daily increase of 0.30% and a trading volume of 128,755 lots [1] - The spot price of gold in Shanghai was quoted at 773.25 yuan per gram, indicating a discount of 1.87 yuan per gram compared to the futures price [1] - International precious metals futures generally rose, with COMEX gold futures increasing by 1.00% to $3,392.20 per ounce and COMEX silver futures rising by 1.51% to $37.90 per ounce [4] Group 2: Federal Reserve Insights - The Federal Reserve's July meeting minutes revealed that nearly all decision-makers supported maintaining interest rates, with only two dissenting voices advocating for a rate cut [2] - There is a divergence among Fed officials regarding inflation and employment risks, with most believing that inflation risks outweigh those related to employment [2] - Some officials indicated potential support for a rate cut in the September meeting, as the transmission of tariff increases to consumer prices has been slower than expected [2] Group 3: Institutional Perspectives - Jinrui Futures noted that after a round of price corrections due to policy expectations and geopolitical downgrades, gold and silver prices showed signs of stabilization and rebound [4] - However, short-term upward momentum for gold and silver prices remains lacking, while medium-term economic pressures in the U.S. and expectations of loose monetary policy may drive prices higher [4] - The expected trading range for COMEX gold is between $3,350 and $3,400 per ounce, while for Shanghai gold, it is between 770 and 790 yuan per gram [4] Group 4: SPDR Gold Trust Holdings - As of August 20, the holdings of SPDR Gold Trust (GLD) decreased by 0.42%, amounting to a reduction of 4.01 tons, bringing the total to 958.20 tons [3]
【黄金期货收评】美联储货币政策不符合预期 沪金日内上涨0.30%
Jin Tou Wang·2025-08-21 09:32