Group 1: Gold Futures Performance - On November 13, the main gold futures in Shanghai reported a price of 961.34 CNY per gram, with an increase of 1.57%. The opening price for the day was 947.60 CNY per gram, reaching a high of 963.96 CNY and a low of 945.96 CNY [1] Group 2: Macroeconomic News - According to ADP data, the average weekly reduction in private sector payrolls in the U.S. was 11,250 for the four weeks ending October 25. In total, 45,000 jobs were lost in October (excluding government employees), marking the largest monthly decline in employment since March 2023. The small business confidence index in the U.S. fell to a six-month low in October due to deteriorating profit conditions and declining economic optimism [1] Group 3: Institutional Perspectives - The risks associated with U.S. trade policies have largely been mitigated, leading to a decrease in market risk aversion. Looking ahead, expectations for a Federal Reserve interest rate cut have increased, highlighting the monetary attributes of gold. A short-term volatile market pattern is expected to persist. As of November 7, the weekly inventory of gold on the Shanghai Futures Exchange was 89,616 kilograms, an increase of 1,800 kilograms from the previous week [1]
国元期货：美联储降息预期再度提升 黄金短期震荡格局难破
Jin Tou Wang·2025-11-13 07:10