贵金属数据日报-20250811

Group 1: Report Overview - Report Title: Precious Metals Data Daily Report [4] - Date: August 11, 2025 [5] - Author: Baishuna from the Macro - Financial Research Center of Guomao Futures Research Institute [5] Group 2: Price and Position Data Price Data - On August 8, 2025, COMEX silver was at $3394.74, London gold spot at $787.80, London silver spot at $38.57, COMEX gold at $9278.00, AG (T + D) at $783.43, AU (T + D) at $9238.00, AU2510 at $3499.20, and AG2510 at $38.30. Compared with August 7, the price increases were 0.2%, 0.5%, 1.2%, 0.6%, 0.2%, 0.4%, 0.2%, and 0.3% respectively [5]. - The price differences and their increases or decreases between different markets and varieties are also presented, such as the gold internal - external market (TD - London) spread, COMEX gold - silver ratio, etc. For example, the gold internal - external market (TD - London) spread on August 8 was - 4.37 yuan/gram, with a 5.1% increase from the previous day [5]. Position Data - COMEX gold and silver non - commercial long and short positions, gold and silver ETF holdings, and their changes are provided. For example, COMEX gold non - commercial long positions on August 8 were 237050, a - 11.50% change from the previous day [5]. Group 3: Inventory and Market Index Data Inventory Data - COMEX and SHFE gold and silver inventories and their changes are given. For example, COMEX silver inventory on August 8 was 506492427 troy ounces, a - 0.22% change from the previous day [5]. Market Index Data - Data on US Treasury yields, the US dollar/Chinese yuan exchange rate, the S&P 500, NYMEX crude oil, the US dollar index, and VIX are presented, along with their changes. For example, the 2 - year US Treasury yield on August 8 was 7.14, a - 8.57% change from the previous day [5]. Group 4: Market News - US President Trump announced on August 8 that he will meet with Russian President Putin in Alaska on August 15, stating that the Ukraine situation may be resolved soon [5]. - Trump nominated Stephen Milan as a Federal Reserve governor, and the St. Louis Fed President supported the decision to keep interest rates unchanged last week [5]. - The US Customs and Border Protection initially ruled that 1 - kilogram and 100 - ounce gold bars should be taxed, but the Trump administration will issue a new policy clarifying that gold bar imports should not be taxed [5]. - The Israeli government approved a plan to occupy the Gaza Strip after a 10 - hour discussion [5]. Group 5: Market Analysis Short - term Logic - On August 8, the main contract of Shanghai gold futures rose 0.56% to 787.8 yuan/gram, and the main contract of Shanghai silver futures rose 0.84% to 9278 yuan/kilogram [5]. - Short - term factors affecting precious metal prices include potential additional US tariffs on countries buying Russian oil, nominations of Federal Reserve officials, China's central bank's continuous gold purchases for 9 months, upcoming US - Russia leader meetings, and the clarification of gold bar import tariffs. The short - term upward momentum of gold prices may be limited, but the Fed's high probability of cutting interest rates in August and tariff uncertainties are expected to support gold prices at a high level. Silver prices may continue to be strong in the short - term but should be cautious about the upside in the medium - term [5]. Medium - and Long - term Logic - The Fed still has a certain probability of cutting interest rates this year. With continuous global geopolitical uncertainties, intensified major - power games, and the trend of de - dollarization, central bank gold purchases are expected to continue, and the medium - and long - term center of gold prices is likely to move up [5].