财达期货：金价破位 白银跟涨

Macro News - The main gold futures contract in Shanghai reported a price of 799.00 CNY per gram, with an increase of 1.88% [1] - The opening price for the day was 786.10 CNY per gram, with a high of 802.38 CNY and a low of 785.70 CNY [1] - The U.S. core PCE price index for July rose by 2.9% year-on-year, marking the highest level since February 2025, aligning with market expectations [1] - The month-on-month increase was 0.3%, consistent with both expectations and previous values [1] Institutional Perspectives - Gold prices surged in the previous Friday's night session, with the main gold futures contract closing at 791.28 CNY per gram, up by 0.90% [1] - Silver futures also saw an increase, closing at 9,566 CNY per kilogram, up by 1.93% [1] - A U.S. appeals court ruled that most of the global tariff policies implemented by former President Trump were illegal, which could help control U.S. inflation and create conditions for potential interest rate cuts by the Federal Reserve [1] - The overall PCE index rose by 2.6% year-on-year and 0.2% month-on-month, meeting market expectations and marking the highest increase in four months [1] - Despite the news slightly lowering expectations for a Fed rate cut, the market still largely anticipates a rate cut in September [1] - The U.S. dollar index fell to 97.85, with potential for further declines, which could provide upward momentum for gold prices [1] - The daily chart for gold shows a breakout from a consolidation phase, indicating the formation of a new upward trend [1]