股指期货将偏强震荡，黄金期货将震荡偏强，白银、铜、螺纹钢、铁矿石、焦煤、玻璃、纯碱、原油期货将偏强震荡

Report Industry Investment Rating No relevant information provided. Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the trend of today's futures main contracts. Index futures are expected to oscillate strongly, gold futures will oscillate with an upward bias, and silver, copper, rebar, iron ore, coking coal, glass, soda ash, and crude oil futures are likely to oscillate strongly [2]. Summary by Related Catalogs Futures Market Outlook - Index Futures: IF2509, IH2509, IC2509, and IM2509 are expected to oscillate strongly on September 3, with specific resistance and support levels provided. For the whole month of September 2025, these contracts are also expected to oscillate strongly with corresponding resistance and support levels [2][17][18]. - Treasury Futures: The 10 - year Treasury futures main contract T2512 and the 30 - year Treasury futures main contract TL2512 are likely to oscillate widely on September 3, with resistance and support levels given [2][37][41]. - Precious Metals Futures: The gold futures main contract AU2510 is expected to oscillate with an upward bias on September 3 and in September 2025, with resistance and support levels provided. The silver futures main contract AG2510 is likely to oscillate strongly on September 3 and in September 2025, and may hit a new high since listing [2][43][50]. - Base Metals Futures: Copper, aluminum, industrial silicon, and polycrystalline silicon futures main contracts are expected to have different trends on September 3 and in September 2025, including strong oscillation, oscillation consolidation, and wide - range oscillation, with corresponding resistance and support levels [3][53][58]. - Energy and Chemical Futures: Rebar, hot - rolled coil, iron ore, coking coal, glass, soda ash, crude oil, PTA, PVC, and methanol futures main contracts are likely to oscillate strongly on September 3, with resistance and support levels provided. The trends in September 2025 vary for different contracts [3][4][6]. - Agricultural Futures: Soybean meal, soybean oil, and palm oil futures main contracts are expected to oscillate strongly on September 3, with resistance and support levels [6]. Macro News and Trading Tips - China and Russia strengthen cooperation in multiple fields, including signing over 20 bilateral cooperation documents and China implementing a visa - free policy for Russia. The central bank's MLF has a net investment of 300 billion yuan, PSL has a net withdrawal of 160.8 billion yuan, and the outright reverse repurchase has a net investment of 300 billion yuan. The Ministry of Finance and the State Taxation Administration introduce 4 tax - exemption measures to support the operation and management of state - owned equity and cash income transferred to enrich the social security fund [7]. - Some cities may face the possibility of merger or integration due to single industrial structure. Trump will appeal to the US Supreme Court regarding the global tariff case. The Bank of Japan's deputy governor believes that continued interest - rate hikes are appropriate. The US August ISM manufacturing index is slightly up but still below the boom - bust line, and the eurozone's August CPI rises year - on - year [8][9]. Commodity Futures - Related Information - On September 2, gold futures prices broke through upward, with London spot gold breaking through the $3,500 per ounce mark and COMEX gold futures hitting a new high. COMEX silver futures also rose. Geopolitical risks pushed up oil prices, and LME base metals showed mixed trends [9][10]. Stock Market Information - On September 2, the A - share market adjusted, with most indexes falling. The Shanghai Composite Index dropped 0.45%, and the Shenzhen Component Index fell 2.14%. A - share trading volume reached 2.91 trillion yuan. The number of new A - share accounts in August reached 2.6503 million, a significant increase compared to the same period last year. As of September 1, the margin trading balance in the A - share market exceeded the historical peak in 2015 [13][14]. - The Hong Kong Hang Seng Index fell 0.47% on September 2, and the US and European stock markets also closed down. Southbound funds had a net purchase of HK$9.281 billion [16][17].