Market Overview - International gold prices experienced fluctuations and closed lower on May 24, with an opening price of $3398.14 per ounce, a high of $3398.14, a low of $3351.38, and a closing price of $3372.53 [1] Economic Indicators - The preliminary S&P Global Manufacturing PMI for the U.S. in July recorded 49.5, below market expectations of 52.7 and down from the previous value of 52.9. The preliminary S&P Global Services PMI for July was 55.2, exceeding expectations of 53 and the previous value of 52.9 [2] - Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, noted that the latest PMI data indicates a significant acceleration in the U.S. economy at the beginning of the third quarter, but the sustainability of this growth remains uncertain. The manufacturing sector showed its first deterioration of the year, partly due to the fading impact of short-term purchases driven by tariff expectations [2] - Inflationary pressures are rising, with companies attributing cost and price increases to tariffs. The price increase for goods and services in July was one of the largest in the past three years, suggesting that consumer price inflation may exceed the Federal Reserve's 2% target in the coming months [2] Federal Reserve Developments - President Trump and Federal Reserve Chairman Jerome Powell engaged in a public dispute regarding the renovation costs of the Federal Reserve headquarters, with Trump claiming costs rose from $2.7 billion to $3.1 billion, while Powell disputed the accuracy of this data [3] - Nick Timiraos described Trump's visit to the Federal Reserve as a political performance aimed at increasing pressure on the Fed and tarnishing Powell's public image, while also pushing for interest rate cuts [5] - According to CME's "FedWatch," the probability of the Federal Reserve maintaining interest rates in July is 95.9%, with a 4.1% chance of a 25 basis point cut. For September, the probability of maintaining rates is 39.2%, while the cumulative probability of a 25 basis point cut is 58.4% [7] European Central Bank Insights - The European Central Bank (ECB) decided to keep interest rates unchanged and reiterated its data-dependent approach, emphasizing the resilience of the Eurozone economy [5] - ECB President Christine Lagarde stated that the bank is in a "good position" and does not rule out considering interest rate hikes, although the global trade policy environment remains unstable, leading to increased uncertainty regarding inflation [6] - Lagarde highlighted that the risks to economic growth are tilted to the downside, and improvements in business confidence could stimulate private investment [6] Geopolitical Context - The U.S. Special Envoy for Middle East Issues, Wittekopf, announced the U.S. withdrawal from the Doha ceasefire negotiations between Israel and Hamas, citing Hamas's lack of serious negotiation [6] Gold ETF Holdings - The largest gold ETF, SPDR Gold Trust, saw an increase in holdings by 2.29 tons, bringing the total to 957.09 tons [6]

Group 1 - The SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 2.29 tons, bringing the current total to 957.09 tons [1] - The previous day's holdings showed a decrease of 0.57 tons, while the day before that saw a reduction of 4.3 tons [3] - The ETF's holdings data is updated around 5:30 AM Beijing time from Tuesday to Saturday, reflecting the previous day's situation [4]

特朗普发帖称，由于鲍威尔拒绝降低利率，住房市场出现了滞后。家庭因为利率太高而受到伤害，甚至我们国 家本身也因此不得不支付比应有水平更高的利率。我们的利率本应比现在低三个百分点，这样一来，每年就能 为整个国家节省1万亿美元。鲍威尔这个固执的家伙就是不明白，从来没有，也永远不会明白。理事会应该采 取行动，但他们没有勇气这么做！ 行情回顾： 国际黄金周三（7月23日）冲回落大幅收跌，开盘价3426.49美元/盎司，最高价3438.88美元/盎司，最低价 3398.11美元/盎司，收盘价3398.16美元/盎司。 消息面： 美国6月成屋销售总数年化录得393万户，低于市场预期400万户，前值为403万户。 美国房产经纪协会NAR首席经济学家Lawrence Yun表示，"抵押贷款利率高企导致房屋销售仍停留在周期性低 点。如果平均抵押贷款利率下降到6%，我们的情景分析表明，将有额外的16万租房者成为首次购房者，现有 房主的销售活动也会增加。" 美国财长贝森特：今年可能会出现1到2次降息。几乎每周都与美联储主席鲍威尔共进早餐。在美联储主席提名 问题上，我们不急于求成。特朗普已经说了，他不会解雇鲍威尔。 贸易局势： 据了解 ...

@ JIN10.COM 金十数据 | 一个交易工具 2025-07-01 -4.314 2025-06-30 -2.29吨 2025-06-27 +1.43吨 -2.29吨 2025-06-25 -1.72吨 2025-06-24 0 -3 6 9 3 -6 减仓 增仓 注:ETF持仓数据于北京时间周二至周六凌晨5点30分左右更新,数据为上 一日的持仓情况。 全球最大的黄金ETF SPDR Gold Trust持仓量为954.8吨，较前一个交易日维持不变。 ...

Group 1 - The SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 7.74 tons, marking the largest increase since April 10, with a current holding of 954.8 tons [1] - The ETF's holdings data is updated around 5:30 AM Beijing time from Tuesday to Saturday, reflecting the previous day's holdings [4] - Recent fluctuations in the ETF's holdings include a decrease of 4.314 tons on July 1, a decrease of 2.29 tons on June 30, and an increase of 1.43 tons on June 27 [3]

全球最大黄金ETF--SPDR Gold Trust持仓较上日增加3.43吨，当前持仓量为947.06吨。 -2.29网 2025-06-30 2025-06-27 +1.43吨 -2.29吨 2025-06-25 -1.72吨 2025-06-24 +7.16吨 2025-06-23 -4 -2 0 2 4 6 8 -6 减仓 增仓 注:ETF持仓数据于北京时间周二至周六凌晨5点30分左右更新,数据为上 一日的持仓情况。 @ JIN10.COM 金十数据 | 一个交易工具 ...

2025-06-27 +1.4314 -2.29吨 2025-06-25 -1.72吨 2025-06-24 +7.16吨 2025-06-23 +2.87吨 2025-06-20 0 -4 -2 2 6 8 4 -6 增仓 减仓 注:ETF持仓数据于北京时间周二至周六凌晨5点30分左右更新,数据为上 一日的持仓情况。 全球最大黄金ETF--SPDR Gold Trust持仓较上日减少4.87吨，当前持仓量为943.63吨。 @ JIN10.COM 金十数据 | 一个交易工具 ...

注:ETF持仓数据于北京时间周二至周六凌晨5点30分左右更新,数据为上 一日的持仓情况。 @ JIN10.COM 金十数据 | 一个交易工具 全球最大黄金ETF--SPDR Gold Trust持仓较上日减少2.29吨，当前持仓量为948.5吨。 2025-06-25 -2.29148 2025-06-24 -1.72吨 2025-06-23 +7.16吨 +2.87吨 2025-06-20 +1.43吨 2025-06-18 -4 -2 0 2 6 8 4 -6 增仓 减仓 ...

Market Reaction to Trump-Powell Drama - The stock market reacted negatively when news broke about President Trump's draft letter to fire Fed Chair Powell, but rebounded after Trump backtracked [5] - The VUD indicator remained mostly green, indicating net demand for stocks despite the initial drop [5] - The overall market sentiment suggests that concerns over the potential firing of Powell and the Fed's independence did not significantly impact stock prices [5] Money Flows and Investment Opportunities - Positive money flows were observed in major tech stocks including Apple, Amazon, Meta, Nvidia, Microsoft, and Tesla [4] - Conversely, negative money flows were noted in Alphabet Inc Class C [6] - The momo crowd's aggressive buying during dips indicates a lack of deep analysis among some investors, while smart money remains divided on the long-term implications of a potential Powell firing [5][7] Earnings Reports and Economic Indicators - Taiwan Semiconductor Manufacturing Company (TSM) reported earnings that exceeded consensus expectations, which is significant for companies like NVIDIA and Apple that rely on TSM for chip production [5] - Initial jobless claims came in at 221K, lower than the 230K consensus, indicating a strong job market [5] Coca-Cola's Shift to Real Sugar - Coca-Cola has been persuaded to switch back to using real sugar in its U.S. products, which may increase sugar demand and require more imports [5] - Investment signals have been issued to buy the sugar ETF Teucrium Sugar Fund and short sell Ingredion Inc, a major high-fructose corn syrup producer [5]

Group 1 - The current total holdings of the largest gold ETF, SPDR Gold Trust, stand at 947.64 tons, unchanged from the previous trading day [6] - On July 15, spot gold prices experienced a decline after reaching a high of $3366.41 per ounce, closing at $3324.6 per ounce, down $18.74 or 0.56% [6] - Recent U.S. inflation data showed that both the June CPI and core CPI exceeded previous values, but core CPI has been below expectations for five consecutive months, indicating that tariff impacts on inflation are not fully realized [6][7] Group 2 - Market expectations suggest a 62% probability that the Federal Reserve will cut interest rates by 25 basis points in September, with potential for nearly two cuts by the end of the year [6] - Analysts indicate that the lower-than-expected core CPI has raised questions about the extent of consumer price impacts from tariffs, potentially prompting President Trump to advocate more strongly for rate cuts [7] - Technical analysis shows that gold prices may consolidate, with resistance at $3350 and potential targets of $3400 and $3450 if broken, while a drop below $3300 could lead to testing the 100-day moving average at $3245 [6]