贵金属日评：特朗普政府持续向美联储库克施压纽约联储主席每次会议都可能行动-20250828

1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The Fed Chair Powell's indication of a potential September rate cut due to weakening employment supply - demand, combined with Trump's continuous pressure and possible replacement of Fed officials, along with global central banks' continuous gold purchases, may make precious metal prices more likely to rise than fall. It is recommended that investors mainly build long positions when prices decline, with specific support and pressure levels provided for different precious metals [1]. 3. Summary Based on Related Catalogs Gold - Market Data: Shanghai gold's closing price was 777.62 yuan/g, with a daily change of 0.79 yuan and a weekly change of 5.96 yuan. COMEX futures active contract's closing price was 3358.90 dollars/ounce, with a daily change of 92.90 dollars and a weekly change of 8.60 dollars. London gold spot price was 3376.35 dollars/ounce, with a daily change of 9.25 dollars and a weekly change of 41.90 dollars [1]. - Important Information: The US Treasury Secretary said he never heard Fed Governor Cook deny the accusations. Trump's economic advisor pressured Cook to take leave during the lawsuit. The New York Fed President Williams said every meeting is a potentially actionable meeting, emphasizing the Fed's independence [1]. Silver - Market Data: Shanghai silver's closing price was 9261.00 yuan/ten - grams, with a daily change of 117.00 yuan and a weekly change of - 50.00 yuan. COMEX futures active contract's closing price was 38.69 dollars/ounce, with a daily change of 1.36 dollars and a weekly change of - 0.01 dollars [1]. - Important Information: Import tariffs pushed up US production - side and consumer - side inflation in July. Powell's remarks due to weak employment supply - demand increased the expectation of a September rate cut, but the US August non - farm payrolls and CPI data on September 6th and 11th need to be monitored [1]. Global Central Bank Policies - European Central Bank: Paused rate cuts in July, keeping the deposit mechanism rate at 2%. Due to better - than - expected August manufacturing PMI, it may cut rates at most once by the end of 2025 [1]. - Bank of England: Cut the key rate by 25 basis points to 4.0% in August, continued to reduce government bond holdings, and may slow down the balance - sheet reduction. It may cut rates at most once by the end of 2025 [1]. - Bank of Japan: Kept the benchmark rate at 0.5% in July, will start reducing quarterly government bond purchases from 4000 billion to 2000 billion yen in April 2026. There is still an expectation of a rate hike by the end of 2025, possibly as early as October [1]. Price Ratios and Other Commodities - Price Ratios: The ratio of Shanghai gold to Shanghai silver was 83.95, with a daily change of 0.44 and a weekly change of - 0.65. The ratio of London gold to London silver was 88.35, with a daily change of 0.71 and a weekly change of 0.76 [1]. - Other Commodities: INE crude oil was 479.70 yuan/barrel, ICE Brent oil was 67.20 dollars/barrel, and NYMEX crude oil was 63.86 dollars/barrel [1]. Stock Indices and Exchange Rates - Stock Indices: The Shanghai Composite Index was 3,800.3499, the S&P 500 was 6,411.3700, the UK FTSE 100 was 9,255.5000, etc [1]. - Exchange Rates: The US dollar index was 98.2375, the US dollar - to - RMB central parity rate was 7.1287, and the euro - to - RMB central parity rate was 8.2924 [1].