贵金属日报-20260204

1. Report's Investment Rating for the Industry - Gold: ★☆☆, representing a bullish trend with limited trading opportunities on the market [1] - Silver: ★★★, indicating a clearer bullish trend and relatively appropriate current investment opportunities [1] 2. Core Viewpoints of the Report - Overnight, precious metals continued to rebound. The narrative of the US dollar credit crisis and the reshaping of the global order has not reversed, but in the short - term, it is mainly about capital games. Precious metals have entered a high - level consolidation phase, and it is advisable to wait and see for now until volatility decreases. Attention should be paid to the development of geopolitical situations and a series of economic data including non - farm payrolls this week. Tonight, focus on US ADP employment and ISM non - manufacturing PMI data [1] 3. Summary Based on Related News - Trump signed a bill to end a partial government shutdown [2] - Fed's Barkin: Rate cuts support the job market, and the task of combating inflation still has the last step to go; Governor Mille: Interest rates need to be cut by slightly more than one percentage point this year. No over - interpretation of metal market price fluctuations. In the long run, hopes for a smaller Fed balance - sheet size [2] - US officials said the US military shot down an Iranian drone approaching the USS Lincoln. The White House: Despite Iran's request to adjust the location and form of the talks, the US - Iran talks are still planned to be held this week, and the US still retains military options. It is reported that Iranian armed speedboats tried to stop a US - flagged oil tanker in the Strait of Hormuz but failed. Iranian diplomatic sources: Iran has entered the highest level of defensive alert and is ready for any situation [2]