五矿期货贵金属日报-20250808

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core Viewpoints of the Report - Trump's nomination of his camp members as "temporary" Fed governors will impact the Fed's independence in the short - term, supporting gold and silver prices [2] - Trump's appointment of Stephen Milan as a Fed governor and the rising probability of Waller becoming the new Fed chair, along with lower - than - expected employment data, make it certain that the Fed will implement further loose monetary policies [2][3] - It is recommended to buy on dips in the precious metals strategy. The reference operating range for the main contract of Shanghai gold is 777 - 801 yuan/gram, and for the main contract of Shanghai silver is 9081 - 9520 yuan/kilogram [3] Group 3: Summary Based on Related Catalogs Market Quotes - Shanghai gold rose 0.26% to 785.44 yuan/gram, Shanghai silver rose 0.43% to 9241.00 yuan/kilogram; COMEX gold rose 0.99% to 3488.00 dollars/ounce, COMEX silver rose 0.93% to 38.65 dollars/ounce; the US 10 - year Treasury yield was 4.23%, and the US dollar index was 98.00 [2] - For gold, the closing price of the active contract of COMEX was 3482.70 dollars/ounce, up 1.48%; the trading volume was 24.34 million lots, up 69.43%; the open interest was 44.53 million lots, down 9.02%. For silver, the closing price of the active contract of COMEX was 38.53 dollars/ounce, up 1.57%; the open interest was 17.03 million lots, down 1.93% [6] Market Outlook - Trump's personnel appointments put strong pressure on the Fed's monetary policy independence, and combined with poor employment data, the Fed will implement further loose monetary policies [3] Investment Strategy - Recommend buying precious metals on dips, with the reference range for Shanghai gold's main contract being 777 - 801 yuan/gram and for Shanghai silver's main contract being 9081 - 9520 yuan/kilogram [3]