贵金属日评20251114：多位美联储官员放鹰使贵金属价格承压-20251114

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - Multiple Fed officials' hawkish remarks and the end of the US government shutdown may lead to short - term adjustments in precious metal prices, but long - term factors such as global debt expansion, central bank gold purchases, and geopolitical risks will support precious metal prices [1] 3. Summary by Relevant Catalogs 3.1 Precious Metal Market Data - Gold: Shanghai gold futures' closing price was 961.22, with a change of 15.46 compared to the previous day and 39.96 compared to the previous week; COMEX gold futures' closing price was 4174.50, with a change of - 26.90 compared to the previous day and 184.10 compared to the previous week; London gold spot price was 3968.20, with a change of 227.45 compared to the previous day and 58.90 compared to the previous week [1] - Silver: Shanghai silver futures' closing price was 12588.00, with a change of 515.00 compared to the previous day and 1104.00 compared to the previous week; COMEX silver futures' closing price was 52.23, with a change of 4.37 compared to the previous day and - 1.00 compared to the previous week; London silver spot price was 53.87, with a change of 2.34 compared to the previous day and 6.26 compared to the previous week [1] - Price Ratios: The ratio of Shanghai gold futures to Shanghai silver futures was 76.36, with a change of - 3.86 compared to the previous day and - 1.98 compared to the previous week; the ratio of London gold spot to London silver spot was 83.35, with a change of - 2.39 compared to the previous day and - 5.46 compared to the previous week [1] 3.2 Important Information - The US House of Representatives passed a temporary appropriation bill, ending the government shutdown, and it is estimated that the shutdown caused 60,000 job losses; multiple Fed officials made hawkish remarks before the release of important economic data [1] 3.3 Multi - Empty Logic - Short - term: Multiple Fed officials' remarks reduced the probability of a December rate cut to around 45%, and the end of the government shutdown is expected to lead to the release of a large amount of economic data, which may cause short - term adjustments in precious metal prices [1] - Long - term: Global debt expansion, central bank gold purchases, and geopolitical risks will support precious metal prices [1] 3.4 Trading Strategy - Hold previous long positions; for London gold, pay attention to the support level around 3850 - 3950 and the resistance level around 4180 - 4384; for Shanghai gold, pay attention to the support level around 870 - 890 and the resistance level around 960 - 1000; for London silver, pay attention to the support level around 38 - 45 and the resistance level around 55 - 60; for Shanghai silver, pay attention to the support level around 9500 - 10500 and the resistance level around 12400 - 13000 [1]