五矿期货贵金属日报-20250806

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The weakening of US economic data and Trump's stance on the new Fed Chair candidate led to a short - term rebound in precious metal prices [2] - With Trump's pressure on the Fed's monetary policy independence and significantly lower - than - expected employment data, the Fed is likely to implement further loose monetary policies. It is recommended to buy precious metals on dips, with the reference operating range for the main contract of Shanghai Gold being 777 - 801 yuan/gram and that for Shanghai Silver being 8885 - 9390 yuan/kilogram [3] Group 3: Summary of Key Data Gold - Futures Prices: COMEX gold closed at $3434.10 per ounce, down 0.02%; Shanghai gold (Au(T + D)) closed at 779.92 yuan/gram, up 0.56% [2][4] - ETF Holdings: SPDR Gold ETF holdings increased by 1.14 tons to 955.94 tons, up 0.12% [4] - Market Activity: COMEX gold trading volume was 15.01 million lots, up 12.93%; open interest was 44.53 million lots, down 9.02% [6] Silver - Futures Prices: COMEX silver closed at $37.82 per ounce, down 0.02%; Shanghai silver (Ag(T + D)) closed at 9052 yuan/kilogram, up 0.59% [2][4] - ETF Holdings: SLV silver ETF holdings increased by 22.60 tons to 15044.47 tons, up 0.15% [4] - Market Activity: COMEX silver trading volume was 45.51 million lots, down 37.61%; open interest was 17.03 million lots, down 1.93% [6] Group 4: Market Factors - US Economic Data: The US ISM non - manufacturing PMI in July was 50.1, lower than the expected 51.5 and the previous value of 50.8 [2] - Trump's Stance: Trump criticized Powell for not cutting interest rates and said he would soon announce a new Fed Chair candidate, excluding the current Treasury Secretary [2] Group 5: Charts and Their Implications - Price - Related Charts: Graphs show the relationship between COMEX gold and silver prices, dollar index, real interest rates, etc., which help analyze the influence of macro - factors on precious metal prices [8][11][12] - Market Activity Charts: Charts display the trading volume and open interest of COMEX and Shanghai gold and silver, reflecting market activity [6][9][10][24][27][29] - Spread Charts: Tables and graphs present the internal and external price spreads of gold and silver, which are useful for cross - market analysis [54][55][56]