格林大华期货贵金属早盘提示-20250707

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core View - The precious metals market is expected to be volatile in the short - term. After the release of the strong US June non - farm payrolls report last Thursday, gold futures prices dropped and then rebounded, while the US dollar index jumped and then fell. Silver and gold oscillated on Friday. The outcome of tariff negotiations between the US, the EU, and other countries will impact the global economy and financial markets, and the implementation of global trade negotiations needs further observation. Investors are advised to remain on the sidelines [1]. 3. Summary by Relevant Content Market Quotes - COMEX gold futures rose 0.11% to $3346.5 per ounce, and COMEX silver futures rose 0.14% to $37.14 per ounce. During the night session, the main contract of Shanghai gold rose 0.19% to 777.00 yuan per gram, and the main contract of Shanghai silver rose 0.16% to 8931 yuan per kilogram [1]. Important Information - As of 8:32 on the 5th, the holdings of the world's largest gold ETF, SPDR Gold Trust, remained unchanged at 947.66 tons compared to the previous trading day [1]. - The US President stated that he had signed 12 trade letters and planned to send them on Monday. Bessent said that trade consultations with the EU were in progress, and major news might be announced in the next two days [1]. - The Tariff Commission of the State Council decided to impose anti - dumping duties on imported relevant brandy from the EU starting from July 5, 2025 [1]. Market Logic - The stronger - than - expected US June non - farm payrolls report on Thursday night led traders to withdraw their bets on a Fed rate cut this month, causing a plunge in gold futures prices followed by a rebound, while the US dollar index jumped and then fell. Silver and gold oscillated on Friday. The expiration of the grace period for reciprocal tariffs set by the US on July 9 and the final negotiation results of tariffs between the US, the EU, and other countries will affect the global economy and financial markets [1]. Trading Strategy - Precious metal prices are expected to continue to oscillate, and investors are advised to stay on the sidelines. COMEX gold is expected to trade between $3250 - $3480 per ounce, COMEX silver between $35.0 - $37.4 per ounce, the main contract of Shanghai gold between 750 - 800 yuan per gram, and the main contract of Shanghai silver between 8450 - 9075 yuan per kilogram [1].