五矿期货贵金属日报-20250805

Group 1: Market Performance - Shanghai gold rose 0.52% to 784.50 yuan/gram, and Shanghai silver rose 0.73% to 9067.00 yuan/kilogram; COMEX gold rose 0.10% to 3429.70 US dollars/ounce, and COMEX silver rose 0.27% to 37.43 US dollars/ounce [2] - The yield of 10-year US Treasury bonds was reported at 4.22%, and the US dollar index was reported at 98.68 [2] - The closing prices of various precious metal products such as Au(T+D), London gold, and SPDR gold ETF holdings showed different degrees of changes, with some rising and some falling [4] Group 2: Market Outlook - San Francisco Fed President Daly made a dovish statement on monetary policy this morning. Driven by last Friday's non-farm payroll data, the probability of the Fed making a larger rate cut has increased, and the prices of gold and silver have been supported [2] - After the non-farm payroll data was released last Friday, the market's expectation of the Fed's subsequent loose monetary policy rebounded significantly. The CME interest rate observer showed that the probability of the Fed implementing a 25-basis-point rate cut in the September interest rate meeting rose to 94.4%, and it was also expected that the Fed would continue to cut interest rates by 25 basis points in the October interest rate meeting [3] Group 3: Investment Strategy - With Trump strongly pressuring the independence of the Fed's monetary policy through personnel appointments, coupled with employment data far lower than expected, it is certain that the Fed will implement further loose monetary policies subsequently. In terms of precious metal strategies, it is recommended to buy on dips. The reference operating range for the main contract of Shanghai gold is 773 - 801 yuan/gram, and the reference operating range for the main contract of Shanghai silver is 8885 - 9287 yuan/kilogram [3] Group 4: Data Summary - The report provides detailed data summaries of gold and silver, including closing prices, trading volumes, open interest, inventories, and other data, as well as their daily changes, daily price increases and decreases, and historical quantiles in the past year [7] Group 5: Charts and Graphs - The report includes multiple charts and graphs showing the relationship between precious metal prices, trading volumes, open interest, and other factors, as well as the structure of near and far months and price differences at home and abroad [9][10][12]