五矿期货贵金属日报-20250807

Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - Fed officials' dovish remarks and Trump's influence on Fed personnel appointments increase market expectations for further loose monetary policies, which support the prices of gold and silver [2][3] - Given Trump's pressure on the Fed's monetary policy independence through personnel appointments and the significantly lower - than - expected employment data, it is certain that the Fed will 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 the main contract of Shanghai silver being 8885 - 9390 yuan/kilogram [3] 3. Summary According to Related Catalogs Market Quotes - On August 6, 2025, Shanghai gold (Au) fell 0.29% to 781.96 yuan/gram, Shanghai silver (Ag) rose 0.22% to 9180.00 yuan/kilogram; COMEX gold fell 0.02% to 3432.80 dollars/ounce, COMEX silver rose 0.22% to 37.99 dollars/ounce; the 10 - year US Treasury yield was 4.22%, and the US dollar index was 98.19 [2] - Various precious - metal related data, such as the closing prices, trading volumes, and positions of Au(T + D), London gold, SPDR gold ETF holdings, etc., also showed different degrees of changes [4] Market Outlook and Policy Analysis - Fed officials, including San Francisco Fed President Daly, Fed Governor Cook, and Minneapolis Fed President Kashkari, made dovish remarks, believing that the labor market has weakened and that the Fed may need to start adjusting interest rates soon [2] - Trump's team is promoting the appointment of an interim director for the vacant Fed seat, and Trump will announce the candidate within two to three days. Two "Kevin"s are in the running [3] Data Table and Chart Analysis - A table shows the key data summary of gold and silver, including closing prices, trading volumes, positions, inventories, etc., and their daily changes and year - on - year historical quantiles [7] - Multiple charts display the relationships between gold and silver prices, trading volumes, positions, and other factors, as well as the near - far month structure and internal - external price differences of gold and silver [21][22][53]