Group 1: Gold Market Performance - As of November 12, the Shanghai gold futures contract is reported at 945.56 CNY per gram, with an increase of 0.14% [1] - The opening price for the day was 949.84 CNY per gram, with a high of 952.08 CNY and a low of 940.78 CNY [1] Group 2: Macroeconomic News - The U.S. Senate has passed a temporary funding bill, with the House of Representatives set to vote on it [2] - According to ADP, the U.S. private sector has seen an average weekly job loss of 11,250 positions over the four weeks ending October 25 [2] - Goldman Sachs estimates a reduction of approximately 50,000 non-farm jobs in October, marking the largest decline since 2020 [2] - The probability of a 25 basis point rate cut by the Federal Reserve in December is at 67.6%, while the probability of maintaining the current rate is 32.4% [2] Group 3: Institutional Perspectives - The upcoming vote on the temporary bill in the House is expected to alleviate concerns about a government shutdown, improving market liquidity [3] - Weak ADP employment data has contributed to a continued decline in the U.S. dollar, providing support for gold and silver [3] - After three weeks of consolidation, precious metals have absorbed previous negative factors, but the impact of the government shutdown on the macroeconomic landscape remains unclear [3] - The ongoing debate in the U.S. Supreme Court regarding the legality of tariffs from the Trump administration adds complexity to the economic outlook [3] - The release of employment and inflation data following the end of the government shutdown will influence Federal Reserve guidance on potential rate cuts in December, potentially leading to market volatility [3] - Overall, precious metals are expected to experience strong fluctuations at high levels in the near term [3]
银河期货：美国经济前景更趋复杂 贵金属震荡走强
Jin Tou Wang·2025-11-12 10:00