贵金属日报-20251009

Group 1: Investment Ratings - Gold operation rating: ★☆★ [1] - Silver operation rating: ★☆★ [1] Group 2: Core Views - During the National Day holiday, precious metals continued to be strong. The international gold price broke through the $4,000 mark, and the domestic market followed suit with a higher opening today [1]. - The US government shutdown led to the suspension of data such as non - farm payrolls, and market risk - aversion sentiment continued [1]. - The long - term upward logic of gold remains unchanged. However, after Trump announced that Israel and Hamas had signed the first - stage peace agreement and the short - term target of $4,000 was reached, it is necessary to be vigilant about profit - taking by funds. Maintain caution at high levels, hold previous long positions, and avoid chasing the rise [1]. Group 3: Related Events - Trump announced that Israel and Hamas had signed the first stage of the peace plan. He previously said he might go to the Middle East over the weekend and consider going to Gaza [1]. - In the recent sixth round of voting, the US Senate rejected the bipartisan appropriation bill again, and the federal government continued to shut down [1]. - The Federal Reserve's September monetary policy meeting minutes showed that employment growth has slowed, the unemployment rate has risen slightly, and the labor market has shown signs of weakness. At the same time, the inflation rate is still slightly above the 2% target. Almost all members agreed to cut the federal funds rate target range by 25 basis points to between 4% and 4.25% [2]