大有期货：‌贵金属做多情绪不减 节假日警惕数据波动

Macro News - The U.S. President Trump announced new import tariffs, including a 100% tariff on patented drugs and a 25% tariff on heavy trucks, creating new uncertainties in trade [1] - Consumer spending in the U.S. increased by 0.6% in August, surpassing the forecast of 0.5%, while personal income grew by 0.4% and wages only rose by 0.3% [1] - The personal savings rate fell to its lowest in eight months at 4.6%, and the PCE price index rose by 0.3% month-on-month, with a year-on-year increase of 2.7%, marking the largest rise in two months [1] Federal Reserve Insights - The Vice Chair of Financial Regulation at the Federal Reserve, Bowman, emphasized the need for decisive rate cuts to address worsening issues in the labor market, indicating that inflation is near target levels when excluding tariff impacts [2] - Richmond Fed President Barkin noted limited risks of significant increases in unemployment or inflation, allowing the Fed to balance its dual objectives while discussing further rate cuts [2] Market Sentiment - The global economic environment remains turbulent, with a weak U.S. economy and ongoing geopolitical conflicts, which continue to support positive sentiment towards precious metals [2] - The market sentiment for long positions remains strong, with a low likelihood of significant pullbacks in the short term, although upcoming important data releases such as non-farm payrolls and PMI may introduce volatility [2]