Group 1: Gold Market Performance - On October 15, the Shanghai gold futures price was reported at 957.70 CNY per gram, with an increase of 1.81% from the opening price of 937.50 CNY per gram, reaching a high of 959.50 CNY and a low of 934.50 CNY [1] - The Comex gold-silver ratio has started to recover, indicating a potential shift in market dynamics [4] Group 2: Macroeconomic Factors - The Federal Reserve has signaled a dovish stance, with Powell suggesting that the balance sheet reduction is nearing its end, and Bowman predicting two more rate cuts by the end of the year, reinforcing expectations for monetary easing [1] - The nominal interest rate decline exceeds the breakeven inflation rate, which supports gold prices as real interest rates continue to decline [4] Group 3: Geopolitical Risks - Ongoing geopolitical risks are driving increased demand for safe-haven assets, with Trump considering trade penalties against Spain and political instability in Madagascar [2] Group 4: Market Sentiment - A Bank of America survey indicates that "long gold" has replaced the "seven giants" as the most crowded trade, reflecting a growing bullish sentiment in the market [3] - The gold and silver investment funds are showing a divergence in performance, with gold seeing an increase in holdings while silver has seen a decrease [4]
一德期货：美联储释放重磅信号 贵金属行情将何去何从？
Jin Tou Wang·2025-10-15 06:57