五矿期货贵金属日报-20250430

Group 1: Market Performance - Shanghai gold futures (Au) dropped 0.29% to 785.02 yuan/gram, while Shanghai silver futures (Ag) rose 0.12% to 8,226.00 yuan/kilogram. COMEX gold fell 0.21% to $3,326.70 per ounce, and COMEX silver dropped 1.15% to $33.19 per ounce [2]. - The US 10 - year Treasury yield was reported at 4.19%, and the US dollar index was at 99.15 [2]. - The closing prices, trading volumes, and positions of various gold and silver contracts (such as Au(T + D), Ag(T + D), COMEX gold, COMEX silver, etc.) showed different changes compared to the previous trading day [2][4][6]. Group 2: Economic Data and Policy - US economic data released last night further weakened. The number of JOLTS job openings in March was 7.192 million, significantly lower than the expected 7.48 million. The US consumer confidence index in April was 86, lower than the expected 87.5 and the previous value of 93.9, reaching the lowest level since May 2020 [2]. - US President Trump expressed dissatisfaction with the current monetary policy this morning but did not deny the Fed's independence. He also took a tough stance on tariffs, indicating that the tariff war has not really started [3]. Group 3: Investment Strategy - Given the expansion of the US fiscal deficit, the expected marginal easing of the Fed's monetary policy, and the continuous overseas economic risks, a medium - term long - position strategy for gold and silver prices is recommended [3]. - Gold prices have significantly declined after a sharp rise, and the current price trend is generally weak. Attention should be paid to the support level of 747 yuan/gram for the main contract, with a reference operating range of 747 - 808 yuan/gram for the Shanghai gold main contract [3]. - Silver requires a clear easing monetary policy statement from the Fed to have a significant upward drive. Currently, a wait - and - see strategy is recommended, with a reference operating range of 7,804 - 8,545 yuan/kilogram for the Shanghai silver main contract [3]. Group 4: Market Risks - The US non - farm payroll data for April to be released on Friday may cause significant fluctuations in gold and silver prices. Investors should adjust their positions appropriately [3]. - The domestic precious metals futures will enter the Labor Day holiday closure period starting tonight, while the overseas gold and silver futures will continue to trade [3].