金元期货：‌美联储鹰派阴影未散 沪金主力短线维持震荡格局

Group 1: Gold Futures Performance - As of November 3, the Shanghai gold futures main contract is priced at 922.58 CNY per gram, with an increase of 0.47%. The opening price was 924.60 CNY per gram, reaching a high of 927.28 CNY and a low of 911.18 CNY [1] Group 2: Macroeconomic News - The U.S. Labor Statistics Bureau is set to release the September CPI data, which is expected to significantly influence market expectations regarding the Federal Reserve's monetary policy following the government shutdown [1] - The Federal Reserve has lowered interest rates by 25 basis points, but the hawkish stance of Chairman Powell has strengthened the U.S. dollar index, leading to a decrease in global market risk appetite. Additionally, China's October manufacturing PMI fell short of expectations, indicating a marginal weakening below the growth line [1] - The short-term outlook for gold prices is expected to remain volatile at high levels, while silver is seen as having valuation advantages and is likely to experience a rebound after a short-term decline [1] Group 3: Institutional Perspectives - Last week, gold prices faced downward pressure due to the Federal Reserve's hawkish stance and easing trade tensions. However, the expectation of continued interest rate cuts and the risk of a government shutdown have maintained a strong market sentiment for safe-haven assets, supporting a rebound in gold prices [2] - Technically, after hitting a low, gold futures have started to rebound, but they are currently under pressure from the 10-day and 20-day moving averages. The MACD indicator shows a downward trend, although the decline in the green histogram has slowed down, indicating high volatility in AU2512 [2]