Group 1 - The largest gold ETF globally recorded a holding of 979.96 tons as of September 10, 2025, reflecting a net increase of 2.28 tons for the month, indicating sustained demand for gold allocation in the market [1] - Recent U.S. non-farm payroll data fell short of expectations, suggesting a cooling labor market, which has led to lowered employment growth forecasts by the U.S. Labor Department [1] - The ongoing debate regarding the independence of the Federal Reserve has intensified, with recent legal challenges indicating a struggle between the White House and the Fed over monetary policy decisions [1] Group 2 - The U.S. Producer Price Index (PPI) for August decreased by 0.1% month-on-month, marking the first negative growth in four months, with a year-on-year increase of 2.6%, which was below market expectations [2] - Market expectations for a 25 basis point rate cut by the Federal Reserve during the upcoming meeting are as high as 90%, with some investors anticipating even larger cuts [2] - The upcoming U.S. Consumer Price Index (CPI) data is highly anticipated, as it will directly influence the Fed's future policy stance, with expectations of potential support for gold prices if the CPI remains weak [2] Group 3 - Technical analysis for gold indicates a need for short-term correction, with recommendations to adopt a buy-on-dips strategy within the price range of $3639.1 to $3645.1 per ounce, setting a stop-loss at $3634.1 [5] - For silver, the technical outlook shows a potential for short-term correction as well, with a buy-on-dips strategy suggested when prices fall to the $40.50 to $41.00 per ounce range, and a stop-loss at $40.40 [7]
第一金PPLI早评：（9.11）黄金高位震荡 通胀数据成关键指引
Sou Hu Cai Jing·2025-09-11 03:59