百利好早盘分析：美联储存分歧 降息扑朔迷离

Gold Market - Gold experienced a slight rebound overnight, but overall operational space remains limited due to a volatile trading environment [2] - The Federal Reserve shows significant division regarding interest rate cuts, with Chairman Powell warning that further cuts cannot be guaranteed due to government shutdowns affecting economic reports [2] - Fed member Milan believes there is room for rate cuts this year, citing low inflation levels [2] - Analyst Pengcheng from Bailihau suggests that rapid rate cuts could lead to rising inflation, and the impact of government shutdowns may increase the likelihood of stagflation [2] - Technically, gold's daily chart shows a small bullish candle, but upward momentum is weak, with short-term moving averages exerting pressure [2] Oil Market - Oil prices continued to decline overnight, with short-term downward trends not yet complete, and new lows may still be on the horizon [4] - U.S. crude oil inventories rose significantly by 5.202 million barrels, far exceeding market expectations of 0.603 million barrels, indicating weak consumption [4] - Gasoline inventories decreased by 0.4729 million barrels, but with the end of the travel season, future consumption may decline [4] - Global oil inventories are also rising, with the UAE's Fujairah port showing an increase of 0.0851 million barrels [4] - The IEA's latest report indicates a supply surplus in the global oil market, with rising inventories expected [4] - Technically, oil's daily chart shows a series of small bearish candles, with clear resistance above [4] Copper Market - Copper's daily chart shows a small bullish candle, with significant support from long-term moving averages [6] - The four-hour chart indicates that downward momentum has not weakened, suggesting a continuation of the downward trend [6] Nikkei 225 - The Nikkei 225 index closed with a small bearish candle with a long lower shadow, indicating some resistance from buyers but not full control [7] - The four-hour chart suggests that an upward structure has completed, potentially forming a downward ABC pattern [7]