RadexMarkets瑞德克斯:避险情绪降温 金银高位盘整

Group 1 - The core viewpoint of the articles indicates that geopolitical risks have eased, leading to a slight pullback in the precious metals market, particularly gold and silver, which had previously experienced aggressive gains [1][3][4] - The market sentiment has shifted as the likelihood of U.S. military action against Iran has decreased, resulting in a reduction of risk premium previously priced in [1][4] - The U.S. government's assurance that there are no plans to replace Federal Reserve Chairman Jerome Powell has contributed to market stability, alleviating concerns over central bank independence [1][4] Group 2 - In terms of trade and resource policy, the delay in imposing tariffs on key mineral imports reflects a shift from unilateral sanctions to negotiation and collaboration, with a focus on securing supply chains through diplomatic agreements [2][4] - External market conditions are exerting pressure on metal prices, with crude oil prices experiencing significant fluctuations, dropping to approximately $59.00 per barrel, while the benchmark 10-year Treasury yield remains stable at around 4.14% [2][4] - From a technical analysis perspective, February gold futures are facing initial resistance around $4,650.50, with a key target of breaking through the $4,750.00 level, while significant support levels are identified at $4,550.00 and $4,400.00 [2][4]