黄金：非农小幅超预期，白银：技术突破

Report Summary 1. Report Industry Investment Rating No information regarding the industry investment rating is provided in the given report. 2. Core Viewpoints - The report focuses on precious metals, with gold showing a situation where non - farm payrolls slightly exceeded expectations and silver achieving a technical breakthrough [1]. - The trend intensity for gold is 0 (neutral), while for silver it is 2 (strongly bullish) [4]. 3. Summary by Relevant Catalogs 3.1 Precious Metals Fundamental Data - Price and Price Changes: - Gold prices generally declined, with沪金2508 at 783.24 (down 0.06% daily) and 774.18 (down 1.09% overnight), Comex黄金2508 at 3331.00 (down 1.34%), and London gold spot at 3309.47 (down 1.55%) [2]. - Silver prices mostly rose, with沪银2508 at 8850 (up 4.45% daily) and 8808.00 (up 0.62% overnight), Comex白银2508 at 36.130 (up 0.94%), and London silver spot at 35.978 (up 0.74%) [2]. - Trading Volume and Open Interest Changes: - For沪金2508, trading volume was 272,195 (up 73,773 from the previous day) and open interest was 178,314 (down 4,494) [2]. - For沪银2508, trading volume was 1,310,024 (up 990,721) and open interest was 481,044 (up 102,762) [2]. - ETF and Inventory Changes: - SPDR黄金ETF持仓 remained unchanged at 935.65, and SLV白银ETF持仓 (day before yesterday) was 14,672.53 (up 120) [2]. -沪金 inventory was 17,847 kg (up 600), and Comex黄金 inventory (day before yesterday) was 38,353,044 troy ounces (up 25,046) [2]. -沪银 inventory was 1,107,305 kg (up 20,095), and Comex白银 inventory (day before yesterday) was 495,973,597 troy ounces (up 888,378) [2]. - Spread Changes: - The spread between黄金T + D and AU2506 remained at - 3.68, and the spread between沪金2506 and 2512 was 5.84 (up 0.48) [2]. - The spread between白银T + D and AG2506 was 17 (down 5), and the spread between沪银2502 and 2504 was 55 (down 1) [2]. - Exchange Rate Changes: - The US dollar index was 98.75 (down 0.06%), and the US dollar to CNY exchange rate was 7.18 (down 0.09%) [2]. 3.2 Macro and Industry News - Chinese Vice - Premier He Lifeng will visit the UK from June 8 - 13 and hold the first meeting of the China - US economic and trade consultation mechanism with the US [2]. - China's Ministry of Commerce responded to questions about export controls on medium and heavy rare earths, stating that it is in line with international practices and has approved a certain number of compliant applications [5]. - The US May non - farm payrolls were better than expected, but Trump called for a 1 - percentage - point interest rate cut, criticized Powell, and said he would soon announce the next Fed chair [5]. - The People's Bank of China has increased its gold holdings for the seventh consecutive month, with a month - on - month increase of 60,000 ounces, and the pace of increase continues to slow [5]. - Elon Musk "quietly deleted posts", and Trump said the relationship was over and warned of "serious consequences" if Musk funds the Democratic Party [4]. - Tesla's RoboTaxi will be released this week, with bulls seeing key progress and bears questioning the path to scale - up [4]. - BYD's Li Yunfei scolded someone as "stupid and bad", and Geely's Yang Xueliang pointed out "the thief cries 'Stop thief!'" [4].