贵金属日报-20260317

Report Investment Rating - The investment rating for both gold and silver is ★★★, indicating a clearer long/short trend and a relatively appropriate current investment opportunity [1] Core View - Overnight, precious metals continued to fluctuate. There is a high degree of uncertainty in the war and the global economic outlook. The key is when the Strait of Hormuz will resume navigation. Iran stated that under the coordination and permission of the Iranian military, ships from parties not involved in the war have passed through the Strait of Hormuz. Recently, precious metals have been suppressed by the weakening expectation of the Fed's interest rate cut. This week, attention should be paid to the interest rate decisions of central banks in multiple countries, including the Fed [1] Other Key Points - Trump called on the Fed to immediately hold a special meeting to cut interest rates, saying the war will end soon but not this week, and once the Iran war ends, oil prices will drop rapidly like a falling rock. He also said he was unclear if mines were laid in the strait and hinted at an attack on the Kharg Island oil facility [2] - US Treasury Secretary Bezant said the US allows Iranian oil tankers to pass through the Strait of Hormuz, has not intervened in the oil futures market and has no right to do so, and oil prices may be "well below" $80 in a few months [2] - Chinese Commerce Minister Li Chenggang said that the Chinese and US teams had in - depth, candid and constructive consultations and reached preliminary consensus on some issues. The Chinese Foreign Ministry said the two sides are in communication about Trump's visit to China. Vice - Premier He Lifeng urged the US to completely cancel unilateral tariffs and other restrictive measures. The Chinese Foreign Ministry responded to US remarks on the Strait of Hormuz, calling on all parties to immediately stop military actions [2]