贵金属日报-20250903

Group 1: Report Industry Investment Ratings - Gold investment rating: ★☆☆, indicating a bullish bias but limited operability on the trading floor [1] - Silver investment rating: ★☆★, with a bullish bias and some potential for trading [1] Group 2: Core Views of the Report - Overnight, the US announced an 8 - month ISM manufacturing PMI of 48.7, slightly lower than expected. The increasing expectation of a Fed rate cut and concerns about the Fed's independence have boosted the strong performance of precious metals. Maintain a long - position in precious metals [1] - Focus on the US non - farm payroll data on Friday. A continued weak performance would confirm the rate - cut expectation, while a strong performance could trigger an adjustment. Also, pay attention to the US JOLTs job openings data tonight [1] Group 3: Other Key Information - Trump will hold an emergency meeting on tariff rulings on Wednesday and may appeal to the Supreme Court as early as Wednesday. If the tariff appeal is rejected, tariffs may have to be withdrawn, and trillions of dollars may have to be refunded. Trump claims the stock market decline is due to the need for tariff policies [1] - The US Housing Finance Agency Director will present the latest information on Fed Governor Cook's mortgage fraud case at 10 am EST on Thursday [2] - Russia and the US Foreign Ministry will hold consultations [2]