多空因素交织 金银上有支撑下有波动

Market Overview - The US dollar index experienced a continuous rise, approaching the 98 mark but ultimately closing at 97.86, up 0.66% [2][3] - Spot gold fell from historical highs, hitting a low of $3717.52, down $60 from the daily high, and closed at $3735.89, down 0.75% [2][3] - Spot silver also declined, closing at $43.89, down 0.3% [2][3] Economic Insights - US Treasury Secretary Yellen expressed support for significant interest rate cuts, suggesting a reduction of 100 to 150 basis points, which strengthened market expectations for a loosening cycle [3] - Diverging opinions within the Federal Reserve were noted, with some members warning against excessive rate cuts while others supported further easing due to slowing economic growth and low inflation [3] Trade Relations - The US and EU reached an agreement on auto tariffs, but the US initiated a 232 investigation into medical devices, indicating ongoing trade friction [3] - The Kremlin criticized Trump's attempts to raise global energy prices, while the restoration of the Iraq-Turkey oil pipeline and the EU's plan to increase tariffs on Russian oil imports heightened energy and geopolitical tensions [3] Trading Strategy - The interplay of easing expectations and geopolitical risks provides support for gold and silver, but internal Fed disagreements and evolving trade situations may lead to volatility [4] - Key technical levels for gold are noted, with support around $3700 and resistance near $3900, while silver support is at $43 and target at $45 [4] - A strategy of accumulating positions on dips is recommended, with caution advised against chasing prices and managing positions carefully [4]