金荣中国：白银亚盘高位震荡盘整，贸易战成为市场关注焦点

Fundamental Analysis - Silver prices are fluctuating near record highs at $48.86 per ounce, driven by a historic short squeeze in London and trade tensions [1] - Gold prices have reached a new record high above $4,060 per ounce, marking the eighth consecutive week of gains [1] - Precious metals have seen significant price increases this year, with gains ranging from 50% to 80% across four major metals [1] - The rise in gold prices is supported by central bank purchases, increased ETF holdings, and expectations of Federal Reserve rate cuts [1] Trade Tensions and Economic Uncertainty - President Trump indicated that the U.S. is considering large-scale tariff increases on imports from Asian countries, which briefly pushed gold prices above $4,000 per ounce [3] - The ongoing trade war is expected to weaken the dollar, benefiting safe-haven assets like gold and silver [3] - Geopolitical risks, strong central bank gold purchases, and economic uncertainty due to tariffs are contributing to the upward trend in gold prices [3] Silver Market Dynamics - Silver prices increased by 2.1% to $50.13 per ounce, with a year-to-date gain exceeding 73% [4] - Concerns over supply shortages and rising demand are also driving silver prices higher [3][4] - The U.S. national debt continues to grow rapidly, reaching $37.85 trillion, which raises concerns about economic stability [4] Federal Reserve Rate Cuts - Market expectations indicate that the Federal Reserve will cut rates by 25 basis points in both October and December, with a high probability of a cut in October at 97% [4] - The anticipated rate cuts are expected to diminish the attractiveness of the dollar, prompting investors to turn to gold [4] - The cautious approach to rate cuts is seen as a factor that will keep non-yielding gold attractive in a low-interest-rate environment [4] Market Volatility and Investment Trends - The ongoing U.S. government shutdown has led to the interruption of key economic data releases, increasing uncertainty in the market [5] - The volatility in U.S. debt and equity markets highlights gold's appeal as a safe-haven asset [5] - Following Trump's tariff threats, U.S. Treasury yields have dropped to multi-week lows, reflecting deepening concerns about the economic outlook [5]