Market Overview - International gold prices saw a significant increase, opening at $3410.91 per ounce and closing at $3445.48 per ounce, with a peak of $3447.63 per ounce on August 29 [1]. Economic Data - In July, U.S. personal spending rose by 0.5%, matching market expectations, while the core PCE price index year-on-year was recorded at 2.9%, also in line with expectations [2]. - The U.S. unemployment rate is expected to rise, with 63% of consumers anticipating an increase in the unemployment rate over the next year, reflecting growing concerns about the economic outlook [4]. Consumer Confidence - The final consumer confidence index from the University of Michigan for August dropped to 58.2, down from 61.7 in July, indicating a decline in consumer sentiment [3][4]. - Concerns over high prices have led to a decrease in the conditions for purchasing durable goods, reaching a one-year low [3]. Federal Reserve Insights - The probability of the Federal Reserve maintaining interest rates in September is at 12.6%, while the likelihood of a 25 basis point rate cut is at 87.4% [8]. - Federal Reserve officials are facing a tension between inflation targets and labor market conditions, with discussions around potential policy adjustments [4]. Trade and Tariff Developments - A U.S. appeals court ruled that many of President Trump's global tariff measures are illegal, stating that the president exceeded his authority under the International Emergency Economic Powers Act [6]. - The court's decision allows the tariffs to remain in effect until October 14, pending an appeal to the Supreme Court [6]. Geopolitical Context - The European Commission has plans to send troops to Ukraine, with ongoing discussions with the U.S. regarding support for Ukraine's armed forces [7]. - Germany and France are advocating for secondary sanctions aimed at weakening Russia's war funding capabilities [7]. Gold ETF Holdings - The SPDR Gold Trust, the largest gold ETF, increased its holdings by 9.74 tons, bringing the total to 977.68 tons [7].
金荣中国：美通胀数据符合市场预期，金价大幅走高维持偏多表现
Sou Hu Cai Jing·2025-09-01 02:17