大有期货：‌市场缺乏新的强力催化剂 贵金属或将进入震荡整理

Group 1: Gold Futures Market Performance - On October 21, the main gold futures in Shanghai reported a price of 993.96 yuan per gram, with an increase of 2.01% [1] - The opening price for the main gold futures was 990.00 yuan per gram, reaching a high of 1001.96 yuan and a low of 982.28 yuan during the day [1] Group 2: Macro News - U.S. President Trump announced an agreement with Russian President Putin to hold another summit to discuss ending the Ukraine war, with the Kremlin confirming the meeting plans but not disclosing specific dates [1] - Western nations have intensified efforts to curb Russian oil sales, with Trump stating that India will stop purchasing Russian oil and the UK imposing sanctions on top Russian oil companies [1] - Ukrainian President Zelensky is scheduled to meet with Trump in Washington to seek military and energy support [1] - Federal Reserve Governor Waller expressed support for another interest rate cut at the end of the month due to concerning signs in the labor market, while another governor, Milan, advocated for a more aggressive rate cut approach [1] - The International Monetary Fund (IMF) raised its economic growth forecast for Asia but warned that escalating U.S.-China tensions could heavily impact the region deeply integrated into global supply chains [1] Group 3: Institutional Views on Precious Metals - The current precious metals market is characterized by mixed factors, entering a phase of high-level fluctuations [2] - Ongoing U.S. government shutdown and unresolved U.S.-China tensions provide solid safe-haven support, limiting the downside for gold prices [2] - With market consensus on the Federal Reserve's expected interest rate cut in October and ongoing U.S.-China negotiations potentially leading to easing tensions, the momentum for significant further increases in precious metals is diminishing [2] - The market currently lacks strong catalysts for new direction, suggesting a period of consolidation and waiting for new directional guidance [2]