国投期货贵金属日报-20251009

Report Summary 1) Report Industry Investment Rating - Gold: ★☆★, indicating a bullish bias but limited trading opportunities on the market [1] - Silver: ★☆★, suggesting a bullish bias but limited trading opportunities on the market [1] 2) Core Viewpoints - During the National Day holiday, precious metals maintained their strength. The international gold price broke through the $4,000 mark, and domestic prices rose following the international trend today. The US government shutdown and suspension of data release such as non - farm payrolls have sustained market risk - aversion sentiment. The long - term upward logic of gold remains unchanged. However, after Trump announced that Israel and Hamas had signed the first - phase peace agreement today, after reaching the short - term target of $4,000, one should be wary of profit - taking by funds and remain cautious at high levels. Hold previous long positions and avoid chasing the market [1]. - The Fed's September meeting minutes showed that employment growth has slowed, the unemployment rate has risen slightly, and the labor market has shown signs of weakness. Inflation remains slightly above the 2% target. Almost all Fed members agreed to lower the federal funds rate target range by 25 basis points to between 4% and 4.25% [2]. 3) Other Summaries - Trump announced that Israel and Hamas had signed the first - phase of the peace plan. He previously said he might go to the Middle East this weekend and consider going to Gaza [1]. - In the recent sixth vote, the US Senate rejected the bipartisan appropriation bill again, and the federal government continued to shut down [1].