Group 1 - Gold prices showed a slight increase, closing at $3332.02, up 0.27%, after hitting a two-week low [1] - In the European market, gold is trading around $3340 [1] Group 2 - U.S. stock indices had mixed results, with the Dow Jones down 0.25% at 42982.43, the Nasdaq up 0.31% at 19973.55, and the S&P 500 at 6092.16 [2] - President Trump is considering undermining Fed Chairman Powell, expressing frustration over the Fed's slow rate cuts [5] Group 3 - Potential candidates to replace Powell include Kevin Walsh, Kevin Hassett, Treasury Secretary Mnuchin, and Fed Governor Christopher Waller [6] - The market's future direction will depend on who is appointed as the next Fed Chair, with varying implications for market performance [6] Group 4 - Morgan Stanley predicts the Fed will cut rates seven times by 2026, starting in March, with a final rate of 2.5% to 2.75% [7] - Swap markets have increased the probability of a July rate cut to 40%, with total expected cuts for the remaining meetings of the year rising from 45 basis points to 60 basis points [7] Group 5 - Deutsche Bank reports that internal divisions within the Fed are at a ten-year high, complicating the future rate cut path [9] Group 6 - Investors are focusing on key economic data releases, including Q1 GDP, durable goods orders, and initial jobless claims, which could influence the dollar and gold prices [10] - If GDP data falls short of expectations, it may lead to a weaker dollar, benefiting non-dollar currencies and gold [10] Group 7 - There is a notable shift in investment focus, with firms rapidly selling European assets and reallocating to U.S. markets, particularly large tech stocks [12] - Major U.S. exchanges are in discussions with the SEC to relax listing regulations to attract more high-valuation startups [12]

Group 1 - The Eurozone's consumer confidence index for June is set to be released shortly, indicating potential shifts in consumer sentiment [1] - The US Conference Board's leading economic index for May will also be published soon, which may provide insights into future economic trends [1]

交易咨询业务资格：证监许可【2012】1091号 贵金属早报—— 2025年6月18日 大越期货投资咨询部 项唯一 从业资格证号： F3051846 投资咨询证号： Z0015764 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 前日回顾 2 每日提示 3 4 5 今日关注 基本面数据 持仓数据 黄金 1、基本面：特朗普引发中东冲突升级担忧，金价先下后上；美国三大股指全线收 跌，欧洲三大股指收盘全线下跌；美元指数涨0.69%报98.8，离岸人民币对美元小幅 贬值报7.1923；美债收益率集体下跌，10年期美债收益率跌6.92个基点报4.377%； COMEX黄金期货跌0.32%报3406.50美元/盎司；中性 6、预期：今日关注2025陆家嘴论坛、美联储利率决议，美国5月新屋开工和营建许 可、英国5月CPI、欧央行官员密集讲话。特朗普引发中东冲突升级担忧，金价再度 先下后上但依旧收跌。沪金溢价收敛至0元/ ...

摘要周二(6月17日)亚市盘中，现货黄金价格上涨，目前交投于3392.69美元/盎司，涨幅0.24%。日内将 可关注美国5月零售销售月率、美国5月进口物价指数月率、美国5月工业产出月率、美国4月商业库存月 率等数据，整体上，预期偏向利好金价的力度较大。 Day称，这种情况使财政部处于非常困难的境地，因为他们现在面临未来的两大挑战。 Adrian Day资产管理公司的Adrian Day表示，贵金属市场的关键倒计时不是为了中东的核协议，而是为 了美国的债务协议。 他表示："美国财政部正面临资金危机，因为债务上限尚未提高，而且拜登政府给即将上任的特朗普政 府留下了一个空储柜。在特朗普宣誓就职前的周五，拜登的财政部长耶伦接受采访时说，我们将在周二 触及债务上限。这基本上就是'祝你好运，特朗普。'" Day表示，因此，到2025年为止没有净新增国债发行。 "我们唯一发行的国债是到期的国债，所以如果1000亿美元到期，他们就会出去发行1000亿美元。但他 们还不能再做什么了，而且他们已经没有什么花招了。他们正在讨论降低银行的存款准备金率，但作为 交换条件，他们不会把钱存入美联储，而是转而用这些钱购买美债。" "现在我们 ...

特朗普表示，如果降息一个百分点，支付的利息就会少那么多；如果降息两个百分点，利息就会支付得 更少。我们有大量的短期债务，我希望债务成本长期性地偏低。他说， 降低2个百分点的利率每年可以 为美国节省6000亿美元，但我们没法让这个人这么做： 我们每年将花掉6000亿美元，就因为一个笨蛋坐在那里说，我现在看不出降息的理由。 特朗普补充说，如果通胀上升，他不反对美联储加息，但通胀现在是在下降，可能得被迫采取一些措 施： 我们叫他太迟先生，对吧？ 如果通胀回归，美联储完全可以再次加息。假设出现了通胀，一年后你再加息。我不介意，加息吧， 我完全支持。到时候我会打电话给你。不过他到时候也会太迟了。 但通胀现在是在下降，我可能得被迫采取一些强制措施。 周四，美国总统特朗普就降息问题加大力度施压美联储。他严厉批评美联储主席鲍威尔，称其为"笨 蛋"。 上周五，美国非农就业数据公布后，特朗普说，美联储的"太迟先生"是场灾难！欧洲已经降息10次， 我们一次都没有。直接降一整个百分点，火箭燃料！若通胀卷土重来，加息应对就好。 本周三，美国CPI报告公布后，特朗普说，美国消费者价格指数（CPI）最新数据表现理想，呼吁美联 储将利率下调 ...

Price Trends - Domestic gold prices continue to rise, with an overall increase of 11 CNY per gram, and the highest price reported by Chow Sang Sang at 1020 CNY per gram [1][4] - The price difference among various gold retailers has widened to 51 CNY per gram, indicating a growing disparity in pricing [1] Gold Retail Prices - The latest gold prices from major retailers are as follows: - Lao Miao: 1013 CNY per gram, up by 10 CNY - Liufuk: 1017 CNY per gram, up by 11 CNY - Chow Tai Fook: 1017 CNY per gram, up by 11 CNY - Zhou Liufu: 997 CNY per gram, up by 11 CNY - Jin Zun: 1017 CNY per gram, up by 11 CNY - Lao Feng Xiang: 1016 CNY per gram, up by 10 CNY - Chao Hong Ji: 1017 CNY per gram, up by 11 CNY - Cai Bai: 990 CNY per gram, up by 5 CNY - Shanghai China Gold: 969 CNY per gram, unchanged [1][3][4] Platinum Prices - Platinum prices have also seen an increase, with Chow Sang Sang reporting a rise of 16 CNY per gram, now priced at 512 CNY per gram [4] Gold Recovery Prices - The gold recovery prices have increased by 7.6 CNY per gram, with the following recovery prices noted: - Chow Sang Sang: 767.10 CNY per gram - Chow Tai Fook: 770.50 CNY per gram - Lao Feng Xiang: 776.10 CNY per gram - Cai Bai: 768.40 CNY per gram [4][5][6] International Gold Market - The spot gold price reached a peak of 3360.44 USD per ounce, closing at 3355.02 USD per ounce, reflecting a 0.95% increase [8] - As of the latest update, spot gold is trading at 3370.58 USD per ounce, with a 0.46% increase [8] - Geopolitical tensions and weak U.S. economic data are contributing to rising gold prices, with market participants showing increased risk aversion [8]

Group 1 - The overall sentiment in the precious metals market is mixed, with gold expected to experience a correction while silver shows potential for strength due to recent commodity rebounds and geopolitical tensions [1][2] - The expectation of a marginally accommodative monetary policy from the Federal Reserve is likely to support silver prices, with recommendations to maintain a bullish strategy in precious metals [1][2] - Technical indicators suggest that gold may face short-term corrections but still holds potential for upward movement, with support levels identified around $3300 to $3280 [3] Group 2 - The ongoing trade discussions between the U.S. and China have eased pessimism regarding the trade war, although uncertainty remains high in the macroeconomic environment [2] - Recent strong U.S. employment data has led to increased market speculation about a stronger dollar, which may negatively impact gold's appeal as a safe-haven asset [2][3] - The gold-silver ratio has shown signs of recovery, indicating a potential for silver to catch up after a period of divergence from gold prices [2]

Group 1 - Gold prices have seen a slight increase, currently trading around $3317.62 per ounce, supported by safe-haven buying due to unrest in Los Angeles [1] - Last week, gold prices experienced volatility, initially rising nearly 3% to around $3380, before fluctuating due to poor U.S. economic data and optimistic international trade news [1] - The U.S. dollar rose by 0.47% to 99.20, influenced by better-than-expected employment growth in May, which may delay potential interest rate cuts by the Federal Reserve [3] Group 2 - The technical outlook for gold shows it is trading within a range, with current prices near $3300, indicating market indecision [4] - Key resistance and support levels for gold are identified at $3330 and $3285 respectively, with potential movements towards $3355 or $3250 depending on market dynamics [4] - The interplay between expectations of the Federal Reserve's actions and global trade uncertainties is crucial for gold price movements [4]

Group 1 - The core viewpoint of the news highlights the fluctuation of gold prices, with a current price of $3372.49 per ounce, reflecting a slight decline of 0.10% [1] - The US dollar is performing poorly due to ongoing weak economic data, raising concerns about economic growth slowdown and high inflation [3] - Recent data indicates that US service sector activity shrank for the first time in nearly a year, and signs of a slowing labor market have emerged [3] Group 2 - The market is anticipating the US non-farm payroll report for May, which is considered a key indicator of economic health, with expectations of 130,000 new jobs added, down from 177,000 in April, and an unemployment rate expected to remain at 4.2% [3] - Gold price analysis suggests that after significant increases, there may be signs of hesitation, indicating a potential for a pullback, although not every hesitation signals a trend reversal [3] - The trading strategy for gold suggests a focus on short positions, with initial support at $3350 and potential targets at $3326 if the price breaks below this support level [5]

换资前言： 方向不对，努力白费，能让你生气的行情，说明你还没有驾驭的能力，震荡的时候想单边，单边的时候 想反转，你的习惯将是你最大的弱点，不要总是与行情对着干，多总结经验，暂时的失利，不代表什 么，经验靠积累，一个优秀的分析师会让你少走很多弯路。 近期有哪些消息面影响黄金原油走势？后市黄金多空该如何研判？ 周四（5月29日），现货黄金延续近期弱势格局，日内虽有所反弹但仍难以突破3320美元关口，连续第 四个交易日承压。美国联邦法院裁决暂停特朗普政府关税计划，市场风险偏好显著回升，权益市场大涨 削弱了黄金的避险吸引力。同时，本周三公布的美联储会议纪要显示，官员们在政策前景不明朗的情况 下倾向于维持利率不变，这进一步支撑美元走强，对金价构成压制。市场处于微妙的平衡状态。一方 面，美联储维持谨慎立场和美国经济数据向好提振了风险资产，权益市场的强劲表现分流了部分避险资 金。另一方面，地缘政治不确定性和美元长期走势存疑使得市场不敢过度看空黄金。当前市场参与度有 所下降，多数交易员选择观望，等待更明确的方向信号。恐惧与贪婪指数显示市场情绪偏向中性，既无 过度恐慌也无明显贪婪，这种平衡状态可能还会持续一段时间。 短期来看， ...