东海期货： 短期贵金属偏强运行 中长期向上格局未改

Group 1 - The core viewpoint indicates that the gold futures market is experiencing upward momentum, with the Shanghai gold futures contract reporting a price of 966.22 CNY per gram, reflecting a 1.83% increase [1] - The opening price for the Shanghai gold futures was 958.00 CNY per gram, with a daily high of 971.58 CNY and a low of 956.38 CNY [1] Group 2 - The macroeconomic environment shows a slight decline in consumer spending and a general low demand for labor, as indicated by the Federal Reserve's Beige Book [2] - The Federal Reserve's member Milan suggests accelerating the pace of interest rate cuts, with a realistic expectation of two more cuts this year, although each cut should not exceed 50 basis points [2] - Domestic economic growth is showing signs of acceleration, with multiple industries receiving support for growth, which is expected to boost domestic risk appetite [2] Group 3 - The precious metals market continues to trend upward, with the Shanghai gold futures contract closing at 960.34 CNY per gram, up 2.09%, and the Shanghai silver futures contract closing at 11,966 CNY per kilogram, up 2.30% [3] - The upward trend in gold prices is driven by expectations of interest rate cuts from the Federal Reserve and geopolitical tensions, although short-term volatility is increasing [3] - The short-term outlook for precious metals remains strong, with a long-term upward trend unchanged; strategies include holding long positions or reducing positions at high points in the short term, and buying on dips in the long term [3]