【黄金期货收评】鲍威尔鹰声起贵金属休整 沪金上涨0.82%

Core Viewpoint - The recent developments in the gold and silver markets are influenced by the upcoming meeting between the leaders of China and the United States, as well as the Federal Reserve's recent interest rate cut and its implications for monetary policy [1][2][3] Group 1: Gold Market - On October 30, the Shanghai gold futures closed at 912.16 yuan per gram, reflecting a daily increase of 0.82% with a trading volume of 412,100 lots and an open interest of 163,611 lots [1] - The spot price of gold in Shanghai was quoted at 898.20 yuan per gram, indicating a premium of 13.96 yuan per gram over the futures price [1] - The Federal Reserve cut interest rates by 25 basis points, bringing the federal funds rate to a range of 3.75%-4.00%, and announced the end of balance sheet reduction starting December 1 [2][3] Group 2: Market Sentiment and Strategy - Market sentiment is cautious as the Federal Reserve's Chairman Powell signaled a hawkish stance, which has tempered expectations for further rate cuts in December [2][3] - The gold market is currently in a phase of correction, but the long-term upward trend remains intact, suggesting that long positions in gold should be maintained [3] - Silver is also experiencing a phase of correction, with significant declines in ETF holdings, yet the long-term bullish outlook remains unchanged, recommending the continuation of low-position long positions in silver [3]