贵金属日报-20260304

Report Industry Investment Rating - Gold: ★★★, indicating a clearer upward trend and a relatively appropriate investment opportunity currently [1] - Silver: ★★★, indicating a clearer upward trend and a relatively appropriate investment opportunity currently [1] - Platinum: ★★★, indicating a clearer upward trend and a relatively appropriate investment opportunity currently [1] Core View - Overnight, precious metals declined with high volatility. The intense situation between the US and Iran, the continuous strengthening of the US dollar, and the rising oil prices have intensified concerns about the economic outlook, weakening the market's bets on the Fed's interest - rate cuts. A significant decline in global stock markets may lead to further liquidity tightening and continue to suppress precious metals. Short - term market volatility has increased, and the subsequent trend is still determined by the war situation. It is recommended to control positions and participate cautiously [1] Summary by Relevant Catalogs Iran Situation - Iran claims to have destroyed two sets of US THAAD systems. The US is considering transferring THAAD and Patriot systems from South Korea to the Middle East [2] - Saudi Arabia and the UAE are considering joining the fight against Iran due to continuous missile attacks. The UAE says it has not changed its defense plan for now [2] - Trump says Iran wants to negotiate but it's too late. The US has sufficient armaments for indefinite combat [2] - Israel has officially mobilized troops for a ground invasion of Lebanon [2] - The US Senate will vote on the "War Powers Resolution" on Wednesday to limit Trump's power to act against Iran [2] - Iran's ambassador to the UN says Iran has not contacted the US for possible peace negotiations [2] - An Iranian opposition news website reports that Khamenei's son has been selected as Iran's next supreme leader [2] Fed - Kashkari originally expected one interest - rate cut in 2026 but is now uncertain due to the war [2] - Williams believes the Fed has to consider the spill - over effects of the Iran issue on foreign markets and trading partners and thinks the interest rate is slightly above the neutral rate [2] - Schmid says the only thing the Fed can do is to continue to suppress inflation [2] Energy Situation - Trump announces to provide insurance for maritime oil transportation, and the navy will expand the passage of ships through the Strait of Hormuz [3] - Debris from intercepted drones causes a fire at the UAE's major oil trading hub Fujairah [3] - Iraq's oil storage facilities are nearly full, and Iraq will be forced to cut production by more than 3 million barrels per day within a few days [3] - Saudi Aramco is exploring oil exports via the Red Sea [3] - Trump says he can tolerate short - term oil price increases and prioritizes eliminating the Iranian threat [3]