贵金属日报-20250708

Report Industry Investment Rating - Gold: ★☆☆, indicating a bullish bias but limited operability in the market [1] - Silver: ★★★, suggesting a clearer bullish trend and relatively appropriate investment opportunities currently [1] Core View of the Report - Overnight, precious metals fluctuated significantly, first declining and then rising. Last week's better - than - expected US non - farm payroll data supported the Fed to remain on hold, and the market abandoned bets on a rate cut in July. The market focus shifted to the upcoming changes in US tariff policies. Precious metals continued to oscillate, waiting for the outcome of tariff negotiations, and may fluctuate until the deadline [1] Summarized According to Related Content Tariff Policy Changes - Trump sent tariff letters to 14 countries, imposing a 25% tariff on imported goods from Japan and South Korea starting from August 1st, and 25% - 40% tariffs on Malaysia, South Africa, Indonesia, Myanmar, Thailand, etc. An additional 10% tariff will be imposed on any country aligning with the anti - US policies of BRICS countries. The deadline for reciprocal tariff suspension was extended to August 1st. White House officials stated that specific country tariffs and industry tariffs will not be superimposed [1] - The EU claimed that trade negotiations with the US have made good progress. The Portuguese Finance Minister believed that the US and the EU are likely to reach a very low - tariff agreement, possibly below 10%. A source said that the EU is seeking an agreement with the US to offset the trade deficit in the automotive sector and may obtain basic tariff exemptions on aircraft and spirits [2] Fed - related Statements - Kevin Warsh, a top candidate for Fed chair, called for a rate cut to a lower level. White House trade advisor Peter Navarro also urged the Fed's board of governors to intervene in Powell's stance [2]