Group 1 - The main focus is on the recent fluctuations in gold futures, with the Shanghai gold futures reporting a price of 776.50 yuan per gram, reflecting a decline of 0.98% [1] - The opening price for the day was 774.88 yuan per gram, with a recorded high of 779.24 yuan and a low of 774.32 yuan [1] Group 2 - Recent macroeconomic developments include President Trump's announcement of potential tariffs ranging from 15% to 50% on various countries, alongside ongoing negotiations with the EU for lower tariffs [2] - Concerns regarding the independence of the Federal Reserve have been raised, with 36 out of 50 economists expressing worries about its autonomy [2] - The U.S. Treasury Secretary has indicated a non-urgent approach to the nomination of a new Federal Reserve Chair, with Trump stating he will not dismiss Powell [2] Group 3 - The market's risk appetite has improved due to accelerating negotiations on reciprocal tariffs, with recent employment and services PMI data showing resilience in the U.S. economy [3] - Despite short-term market volatility, the uncertainty surrounding tariffs and economic policies is expected to lead to inflationary pressures and economic slowdown, maintaining a high level of fluctuation in precious metals [3] - Key focus areas include the progress of tariff negotiations and the upcoming Federal Reserve meeting at the end of the month [3]

Core Points - The market's risk aversion has decreased as the US reaches agreements with more trade partners [1][2] - The US dollar index remains weak, closing down 0.16% at 97.162 [1][2] - Spot gold, after three consecutive days of gains, has retreated, dropping 1.29% to close at $3387.23 per ounce [1][2] - Spot silver remained above the $39 mark, closing down 0.07% at $39.27 per ounce [1][2] Trade Agreements - Trump announced a trade agreement with Japan, setting a tariff rate of 15% and Japan's investment in the US at $550 billion [3] - Trump indicated a willingness to impose simple tariffs of 15% to 50% on most countries if they do not open their markets to the US [3] Federal Reserve Commentary - Trump criticized Powell, suggesting that the FOMC should take action, claiming that rate cuts could save trillions in interest [3] - The sentiment towards the Federal Reserve Chairman Powell is negative, with House Speaker Johnson expressing disappointment [3] Geopolitical Developments - Representatives from Russia, Turkey, and Ukraine have arrived in Istanbul for the third round of direct negotiations [4] - Iran reported intercepting a US destroyer in the Gulf of Oman, claiming that US vessels have retreated [4] Trading Strategies - For international gold, support levels are noted at $3416 or $3404, with resistance at $3440 or $3450 [5] - For spot silver, support is at $39.10 or $38.85, with resistance at $39.50 or $39.75 [5]

Group 1 - Silver T+D prices rose on July 23, closing at 9432 yuan/kg, an increase of 1.13%, with a daily high of 9486 yuan/kg and a low of 9341 yuan/kg, indicating a bullish trend in the market [1] - The market's risk aversion has decreased as the U.S. reached agreements with more trade partners, contributing to the upward movement in silver prices [1] - The silver T+D market is expected to maintain a bullish outlook, with resistance levels identified at 9450-9478 and support levels at 9361-9367 [3] Group 2 - President Trump continues to criticize the Federal Reserve, but appears to have stepped back from plans to dismiss Chairman Powell, who shows no intention of resigning [2] - The White House is focusing on a $2.5 billion renovation project for the Federal Reserve, which has significantly exceeded its budget [2] - There is an expectation that the Federal Open Market Committee (FOMC) will maintain interest rates at the upcoming policy meeting, as Powell and colleagues want to assess the impact of Trump's tariffs on inflation before making further moves [2]

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold reaching nearly $3,400 per ounce and experiencing fluctuations around this level in July 2023 [1][3] - The Shanghai Gold Exchange issued a notice on July 23, 2023, urging member units to enhance risk awareness and prepare for market volatility, indicating a cautious approach to market stability [1] - Retail gold jewelry prices have also increased, with major brands adjusting their gold prices by 8 yuan per gram, reflecting the impact of rising gold prices on consumer behavior [1] Group 2 - The World Gold Council reported that gold was one of the best-performing asset classes in the first half of 2025, with a price increase of nearly 26% and multiple record highs reached [3] - The sustained strength of gold prices is attributed to global geopolitical dynamics and macroeconomic conditions, with rising market risk aversion driving demand for gold as a safe-haven asset [3]

现货黄金订单流解读 现货黄金今日开盘后创下近一个月以来的新高抵达3438.77美元，但是特朗普宣布与日本达成贸易协议，削弱了市场避险情绪推 动金价下跌。实时订单流（1小时级别K线图）显示，订单堆积在3428.5美元或给金价短线反弹带来阻力压制，若能重新企稳或 有望再次启动涨势，点击实时跟进最新的多空成交变化>> （解读仅供参考，不构成投资建议） 订单流网页入口 订单流使用说明 现货黄金 ...

贸易谈判截至日期临近，市场避险情绪高涨，黄金多头看至3400美元上方？金十研究员高阳正在直播分 析，点击进入直播间 相关链接 ...

Core Viewpoint - COMEX gold futures experienced fluctuations but maintained above the $3400 mark, indicating a recovery in market sentiment amid uncertainties in trade negotiations and a weakening dollar [1][3]. Group 1: Gold Price Movements - On July 21, COMEX gold futures surged by 1.63%, reaching $3410 per ounce, marking a five-week high [1]. - On July 22, gold futures opened at $3410.7 per ounce, peaked at $3416.3, and then fell slightly to $3403.1, a decrease of 0.1% [1][2]. - The average price recorded was $3407.0, with a slight decline of $3.4 [2]. Group 2: Market Influences - The rise in gold prices is attributed to increased market risk aversion and a weakening dollar and U.S. Treasury yields ahead of the August 1 tariff negotiation deadline [3]. - Analysts suggest that four key factors will influence whether gold can surpass $3500: central bank purchasing, geopolitical tensions, inflation data, and dollar performance [3]. Group 3: Central Bank Demand - A recent survey by the World Gold Council indicated that 95% of central banks expect to increase gold holdings in the next 12 months, the highest percentage since the survey began in 2019, up 17 percentage points from 2024 [3]. Group 4: Future Price Predictions - Citigroup forecasts that gold prices will stabilize between $3100 and $3500 per ounce in Q3, with a potential fundamental weakness in the market due to declining investment demand thereafter [4].

Group 1 - Global investors withdrew a net $5.3 billion from equity funds in the week ending July 16, marking the first weekly net outflow since June 25 [2] - The U.S. inflation report indicated the largest consumer price increase in five months, influencing investor sentiment and leading to a net withdrawal of $11.75 billion from U.S. equity funds [4] - In contrast, European and Asian funds saw net inflows of $4.66 billion and $718 million, respectively [4] Group 2 - Global bond funds experienced a net inflow of approximately $12.85 billion for the 13th consecutive week, with notable inflows in euro-denominated, short-term, high-yield, and government bond funds [7] - Money market funds faced a net outflow of about $21.3 billion, marking the first weekly net outflow in three weeks [8] Group 3 - Gold and precious metals funds attracted a net inflow of approximately $741 million for the eighth consecutive week [9] - Emerging market equity funds faced pressure with a net outflow of $208 million, while emerging market bond funds saw a net withdrawal of $1.12 billion, ending an 11-week buying trend [9]

Core Viewpoint - The silver price is experiencing short-term pressure due to strong U.S. economic data supporting the Federal Reserve's decision to delay interest rate cuts, but long-term inflationary pressures from tariffs and geopolitical uncertainties are expected to support silver prices [1][2]. Group 1: Market Dynamics - The latest paper silver price is trading at 8.793 yuan per gram, with a slight increase of 0.27% [1]. - Tariff policy uncertainties are bolstering silver's safe-haven appeal, despite short-term pressure from rising dollar and yields [2]. - The escalating trade tensions may heighten market risk aversion, potentially leading to a rebound in paper silver prices [2]. Group 2: Trade Negotiations - The EU is urged to act swiftly and firmly in U.S. tariff negotiations, with a deadline set for August 1, after which a 30% tariff on EU goods may be imposed [2]. - Japan is in urgent talks with the U.S. to avoid a 25% tariff, which will take effect if no agreement is reached by August 1 [2]. - Recent data shows that June import prices rose only 0.1% month-on-month, below the expected 0.3%, indicating that foreign exporters have not fully absorbed tariff costs [2]. Group 3: Technical Analysis - Paper silver opened at 8.719, reached a high of 8.782, and closed at 8.769, forming a long lower shadow hammer pattern [3]. - Resistance levels for paper silver are noted at 8.82-8.83, while support is seen at 8.60-8.70 [3].

7月17日国内黄金市场动态：国内品牌金店金价整体持稳，老庙、老凤祥、周生生这3家金店金价继续波动中。其中，周生 生黄金上涨6元/克，报价1009元/克，为今日最高价金店。今日的最低价金店还是报价969元/克的上海中国黄金。今日最高与 最低金店间价差扩大至40元/克。 具体各大品牌金店最新价格见下表格： | | | 今日金店黄金价格一览(2025年7月17日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 1002 | 元/克 | 3 | 涨 | | 六福黄金价格 | 1008 | 元/克 | 0 | म | | 周大福黄金价格 | 1008 | 元/克 | 0 | 47 | | 周六福黄金价格 | 988 | 元/克 | 0 | 27 | | 金至尊黄金价格 | 1008 | 元/克 | 0 | 27 | | 老凤祥黄金价格 | 1005 | 元/克 | 1 | 涨 | | 潮宏基黄金价格 | 1008 | 元/克 | 0 | দ | | 周生生黄金价格 | 1009 | 元/克 | 6 | ...