在贵金属板块方面

Group 1 - The cautious sentiment in the precious metals sector is driven by changes in real interest rates, which are inversely related to the prices of precious metals [1] - Previous expectations of interest rate cuts by the Federal Reserve led to a decline in real interest rates, supporting the prices of gold and silver [1] - As expectations for rate cuts diminish, the upward pressure on real interest rates increases, reducing the attractiveness of precious metals and causing price fluctuations [1] Group 2 - Precious metals possess safe-haven attributes, which may attract investment if high interest rates from the Federal Reserve increase global economic growth risks or geopolitical tensions escalate [1] - There exists a conflict between short-term cautious expectations and long-term support for precious metals, creating a dynamic market environment [1]