贵金属日报-20250707

Report Summary 1) Report Industry Investment Rating - Gold: ★★★, indicating a clearer long - term trend and relatively appropriate investment opportunities currently [1] - Silver: ★★★, indicating a clearer long - term trend and relatively appropriate investment opportunities currently [1] 2) Core View of the Report - Today, precious metals declined. The better - than - expected US non - farm payrolls in June and the decrease in the unemployment rate led the market to abandon bets on a July interest rate cut. Economic data shows that the economy is not significantly weakening, and the Fed will base its next move on data performance. After the geopolitical risks cooled down and economic data suppressed the interest rate cut expectations, the market's focus this week is on the change of the US reciprocal tariff policy expiring on July 9. Trump said new tariffs would take effect on August 1, with rates ranging from 10 - 70%. The short - term direction of precious metals is unclear, and they will continue to fluctuate waiting for the impact of the final policy on market risk sentiment [1] 3) Other Key Points - On July 4, Trump signed a nearly 900 - page "big and beautiful" tax and spending bill, which includes many of his 2024 campaign promises. The bill will increase the federal fiscal deficit by about $3.3 trillion in the next decade [2] - US Treasury Secretary Besent said that several major agreements are close to being reached. If countries receiving tariff letters fail to reach an agreement, the tax rate will return to the April level on August 1. US Commerce Secretary Lutnick said tariffs will take effect on August 1, and Trump is "now formulating tax rates and agreements". White House economic adviser Hassett said some trade negotiations may exceed the deadline [2] - Israel and Hamas' first - round indirect cease - fire negotiations in Qatar ended without results, with Israel saying Hamas' demands were "unacceptable" [2]