贵金属日评：英国央行4月降息25个基点，美国与英国达成关税贸易协议-20250509

1. Report's Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - The delay of the Fed's interest - rate cut expectation and successive interest - rate cuts by central banks in Europe, China, and the UK have strengthened the US dollar index. However, due to continuous gold purchases by multiple central banks and ongoing geopolitical conflicts, precious metal prices may experience short - term adjustments but are bullish in the long - run. It is recommended that investors mainly build long positions when prices decline. Specific support and resistance levels are provided for London gold, Shanghai gold, London silver, and Shanghai silver [1] 3. Summary by Relevant Catalog Precious Metal Market Data - Gold: Shanghai gold's closing price was 787.53 yuan/gram on 2025 - 05 - 08, down 11.36 from the previous day; COMEX gold futures' closing price was 3310.40, down 62.20; London gold spot was 3392.25 dollars/ounce, up 50.25 [1] - Silver: Shanghai silver's closing price was 8252.00 yuan/ten - grams on 2025 - 05 - 08, down 121.00; COMEX silver futures' closing price was 32.82, down 0.22; London silver spot was 32.23 dollars/ounce, down 0.45 [1] Important News - The US and the UK reached a tariff trade agreement. The US retains a 10% benchmark tariff, reduces the tariff on the first 100,000 imported British cars to 10%, and cuts steel and aluminum tariffs to zero. The UK reduces the tariff on US ethanol to zero and reaches a beef reciprocal access agreement [1] - Trump proposed to tax millionaires to balance finances, with a maximum rate of 39.6%. The Bank of England cut interest rates by 25 basis points as expected, but there was a three - way split in the decision. Kazakhstan said it had no plan to cut oil production before May [1] - The US Congress passed a temporary spending bill until September 30. The CBO predicts that the Treasury's funds may be depleted as early as August - October, which will slow the Fed's balance - sheet reduction. The Trump administration plans to cut the 2026 fiscal budget by $163 billion. US economic data in April delayed the Fed's expected interest - rate cut to July/September/December [1] - The European Central Bank cut interest rates by 25 basis points in April, with the deposit mechanism rate dropping to 2.25%. Eurozone economic data may lead the ECB to cut interest rates 2 - 3 times by the end of 2025 [1] - The Bank of England cut the key interest rate by 25 basis points to 4.25% in May and may cut interest rates 2 - 3 times by the end of 2025 [1] - The Bank of Japan raised interest rates by 25 basis points in January, and the market expects it to raise interest rates around July [1]