Price Trends in Domestic Gold Market - Domestic gold prices remain stable, with only Chow Sang Sang's gold price decreasing by 3 CNY per gram to 1004 CNY per gram, the highest among brands [1] - Shanghai China Gold maintains the lowest price at 981 CNY per gram, with the price difference between the highest and lowest brands narrowing to 23 CNY per gram [1] - The latest gold prices from various brands are as follows: Lao Miao, Liufu, Chow Tai Fook, and Jin Zun all at 1002 CNY per gram; Lao Feng Xiang at 1004 CNY per gram; and Cai Bai at 982 CNY per gram [1] Platinum Price Movement - Platinum prices have also seen a decline, with Chow Sang Sang's platinum jewelry price dropping by 6 CNY per gram to 541 CNY per gram [1] Gold Recycling Prices - The gold recycling price has slightly decreased by 0.7 CNY per gram, with significant price differences among brands [2] - The current recycling prices are as follows: 762.30 CNY per gram for gold, 767.80 CNY for Cai Zi, 760.10 CNY for Chow Sang Sang, 766.40 CNY for Chow Tai Fook, and 775.10 CNY for Lao Feng Xiang [2] International Gold Market Overview - The international spot gold price experienced fluctuations, initially rising to 3358.24 USD per ounce before falling to a closing price of 3332.25 USD per ounce, reflecting a decrease of 0.10% [4] - As of the latest update, spot gold is trading at 3338.79 USD per ounce, showing an increase of 0.20% [4] - The recent decline in gold prices was attributed to market speculation regarding the progress of talks, leading to profit-taking pressure [4] - Market sentiment was slightly alleviated by U.S. President Trump's announcement of a potential meeting between Putin and Zelensky, although skepticism remains regarding the outcomes of such discussions [4] - The gold market is expected to remain volatile, with anticipation for the upcoming Federal Reserve meeting minutes and Powell's speech [4]

Group 1 - The core viewpoint of the news revolves around the significant diplomatic progress made between the U.S. and Russia regarding the Ukraine situation, with potential implications for peace negotiations and geopolitical stability [2][3][5] - U.S. President Trump announced a meeting with Ukrainian President Zelensky, indicating a possible trilateral meeting involving the U.S., Russia, and Ukraine, which could pave the way for further discussions on the conflict [2][5] - The U.S. special envoy stated that Russia has agreed to include a "NATO-like Article 5" security guarantee for Ukraine in future peace talks, marking a notable concession from Russia [3] Group 2 - The gold market experienced a decline due to reduced geopolitical risks following the U.S.-Russia meeting, with gold prices dropping approximately 2% and falling below 3400 yuan per ounce [4][6] - Analysts noted that the decrease in market risk appetite was influenced by positive signals from the U.S.-Russia meeting and a joint statement from the U.S. and China, which alleviated concerns over trade tensions [4][6] - The rise in U.S. inflation, as indicated by the July PPI data, has led to decreased expectations for interest rate cuts by the Federal Reserve, further applying downward pressure on gold prices [4][6][7]

Group 1 - International gold prices experienced a significant decline, dropping nearly 2.5%, marking the largest single-day drop in three months [1] - On August 8, gold futures on the New York Mercantile Exchange reached a historic high of $3534.1 per ounce [1] - Following President Trump's announcement that gold would not be subject to tariffs, gold futures saw a drop of over 2% [3] Group 2 - The World Gold Council reported that global gold demand reached 1249 tons in Q2 2025, a 3% year-on-year increase, driven primarily by strong investment demand [3] - Despite a 14% year-on-year decline in global gold jewelry demand, the value of gold jewelry consumption increased [3] - Analysts expect U.S. monetary policy changes to support gold prices in the second half of the year, with central bank gold purchases providing a strong bottom support for prices [4]

Group 1 - The international gold price experienced a significant decline, dropping nearly 2.5%, marking the largest single-day drop in three months [1][2] - On August 8, gold futures on the New York Mercantile Exchange reached a historic high of $3534.1 per ounce [1][2] - The market reacted to concerns about potential tariffs on gold imports, particularly from Switzerland, which has substantial gold reserves [2][4] Group 2 - In Q2 2025, global gold demand reached 1249 tons, a 3% year-on-year increase, driven primarily by strong investment demand [4] - Despite a 14% year-on-year decline in gold jewelry demand, the value of global jewelry consumption increased [4] - Analysts expect U.S. monetary policy changes to support gold prices in the second half of the year, with a potential interest rate cut by the Federal Reserve in September [4]

Group 1: Domestic Gold Market Dynamics - Domestic gold prices continue to decline, with minor fluctuations observed. The highest price today is from Chow Sang Sang at 1010 CNY/gram, down by 3 CNY, while Shanghai China Gold remains stable at 981 CNY/gram, the lowest price among major brands. The price difference between the highest and lowest gold stores has narrowed to 29 CNY/gram [1][3] - The latest prices from various gold brands are as follows: Lao Miao Gold at 1004 CNY/gram (down 9), Liufeng Gold at 1008 CNY/gram (down 7), Chow Tai Fook Gold at 1008 CNY/gram (down 7), and Zhou Liufu Gold at 998 CNY/gram (up 3) [1][3] Group 2: Platinum Prices and Recovery Rates - Platinum prices have rebounded, with Chow Sang Sang's platinum jewelry price increasing by 9 CNY/gram to 545 CNY/gram. The gold recovery price has also seen a slight decline of 4.6 CNY/gram [4] - The gold recovery prices from various brands are as follows: Cai Bai Gold at 763.90 CNY/gram, Zhou Shengsheng Gold at 769.40 CNY/gram, Zhou Tai Fook Gold at 768.00 CNY/gram, and Lao Fengxiang Gold at 776.70 CNY/gram [4] Group 3: International Gold Market Overview - Last Friday, spot gold experienced a downward trend, dropping from a high of 3400 USD/ounce to close at 3342.20 USD/ounce, a decline of 1.66%. As of the latest update, spot gold is trading at 3353.16 USD/ounce, up by 0.33% [6] - The recent drop in gold prices is attributed to President Trump's statement regarding tariffs on gold and reduced market risk appetite due to expectations of a ceasefire in the Russia-Ukraine conflict. Additionally, the strengthening of the US dollar has led some investors to take profits [6] - The market is awaiting the release of the US July CPI data, which could influence expectations regarding the Federal Reserve's interest rate decisions. Analysts suggest that if inflation data exceeds expectations, it may lead to a reduction in bets on a rate cut in September, potentially weakening gold's support [6]

Core Viewpoint - Gold futures are under pressure, trading around 777 CNY per gram, following Trump's announcement that there will be no tariffs on gold imports, which led to a short-term price decline [1][3]. Group 1: Market Reactions - Trump's statement on social media confirmed that gold would not be subject to tariffs, alleviating market uncertainty and potentially leading to a more pessimistic outlook [3]. - The U.S. Customs and Border Protection's recent announcement regarding tariffs on gold imports shocked traders, with tariffs applicable to 1 kg and 100 oz gold bars starting from August 7 [3]. Group 2: Geopolitical Factors - Hopes for a ceasefire in the Russia-Ukraine conflict are also weighing on gold prices, as Trump indicated that both Kyiv and Moscow must make territorial concessions for a peace agreement [3]. - Trump's comments suggest a potential for dialogue, which could reduce the demand for gold as a safe-haven asset [3]. Group 3: Economic Indicators - The U.S. is set to release the July Consumer Price Index (CPI) and Producer Price Index (PPI), with expectations that a slight increase in CPI could affect market perceptions regarding interest rate cuts by the Federal Reserve [4]. - If inflation data exceeds market expectations, it may lead to a reduction in gold prices, while a cooling inflation could bolster expectations for rate cuts [4]. Group 4: Technical Analysis - The market sentiment is leaning towards a bearish outlook for gold prices, with key resistance levels identified at 780-790 CNY and support levels at 765-770 CNY [5]. - A rebound in gold prices is anticipated if they do not close below 770 CNY, indicating a potential bullish trend [5].

Market Overview - US stock market opened higher with cryptocurrency stocks experiencing significant gains, while gold prices fell below $3350 per ounce [1][6] - Cryptocurrency market saw a surge, with Bitcoin reaching a high of $122,300 before dropping below $120,000, while Ethereum, SOL, and Dogecoin showed mixed performance [3][4] Cryptocurrency Stocks Performance - BMNR stock surged over 27%, reaching a market capitalization of $3.38 billion [2] - SBET stock increased nearly 13%, with a market cap of $3.76 billion [3] Gold Market Analysis - Spot gold prices fell below $3350 per ounce, with COMEX gold dropping nearly 2.5% and COMEX silver declining over 1.7% [6] - Analysts expect US monetary policy changes to support gold prices in the second half of the year, with potential for further increases in Q4 [9]

Group 1 - The cryptocurrency concept stocks in the US market opened collectively higher, with BMNR surging over 27%, SBET rising nearly 13%, and other stocks like BTCT and BTBT showing significant gains [1][2][3] - Bitcoin reached a peak of $122,300 but has since dropped below $120,000, while Ethereum, SOL, and Dogecoin exhibited mixed performance [3][4] - Over the past 24 hours, more than 120,000 traders were liquidated, with a total liquidation amount of $426 million [4][5] Group 2 - Gold prices fell below the $3,350 per ounce mark, with COMEX gold dropping nearly 2.5% and COMEX silver declining over 1.7% [6][7] - Analysts expect that changes in US monetary policy in the second half of the year will support gold prices, with central bank purchases providing a strong bottom support for gold in the long term [8]

Group 1: Report Overview - Report Title: Precious Metals Data Daily Report [4] - Date: August 11, 2025 [5] - Author: Baishuna from the Macro - Financial Research Center of Guomao Futures Research Institute [5] Group 2: Price and Position Data Price Data - On August 8, 2025, COMEX silver was at $3394.74, London gold spot at $787.80, London silver spot at $38.57, COMEX gold at $9278.00, AG (T + D) at $783.43, AU (T + D) at $9238.00, AU2510 at $3499.20, and AG2510 at $38.30. Compared with August 7, the price increases were 0.2%, 0.5%, 1.2%, 0.6%, 0.2%, 0.4%, 0.2%, and 0.3% respectively [5]. - The price differences and their increases or decreases between different markets and varieties are also presented, such as the gold internal - external market (TD - London) spread, COMEX gold - silver ratio, etc. For example, the gold internal - external market (TD - London) spread on August 8 was - 4.37 yuan/gram, with a 5.1% increase from the previous day [5]. Position Data - COMEX gold and silver non - commercial long and short positions, gold and silver ETF holdings, and their changes are provided. For example, COMEX gold non - commercial long positions on August 8 were 237050, a - 11.50% change from the previous day [5]. Group 3: Inventory and Market Index Data Inventory Data - COMEX and SHFE gold and silver inventories and their changes are given. For example, COMEX silver inventory on August 8 was 506492427 troy ounces, a - 0.22% change from the previous day [5]. Market Index Data - Data on US Treasury yields, the US dollar/Chinese yuan exchange rate, the S&P 500, NYMEX crude oil, the US dollar index, and VIX are presented, along with their changes. For example, the 2 - year US Treasury yield on August 8 was 7.14, a - 8.57% change from the previous day [5]. Group 4: Market News - US President Trump announced on August 8 that he will meet with Russian President Putin in Alaska on August 15, stating that the Ukraine situation may be resolved soon [5]. - Trump nominated Stephen Milan as a Federal Reserve governor, and the St. Louis Fed President supported the decision to keep interest rates unchanged last week [5]. - The US Customs and Border Protection initially ruled that 1 - kilogram and 100 - ounce gold bars should be taxed, but the Trump administration will issue a new policy clarifying that gold bar imports should not be taxed [5]. - The Israeli government approved a plan to occupy the Gaza Strip after a 10 - hour discussion [5]. Group 5: Market Analysis Short - term Logic - On August 8, the main contract of Shanghai gold futures rose 0.56% to 787.8 yuan/gram, and the main contract of Shanghai silver futures rose 0.84% to 9278 yuan/kilogram [5]. - Short - term factors affecting precious metal prices include potential additional US tariffs on countries buying Russian oil, nominations of Federal Reserve officials, China's central bank's continuous gold purchases for 9 months, upcoming US - Russia leader meetings, and the clarification of gold bar import tariffs. The short - term upward momentum of gold prices may be limited, but the Fed's high probability of cutting interest rates in August and tariff uncertainties are expected to support gold prices at a high level. Silver prices may continue to be strong in the short - term but should be cautious about the upside in the medium - term [5]. Medium - and Long - term Logic - The Fed still has a certain probability of cutting interest rates this year. With continuous global geopolitical uncertainties, intensified major - power games, and the trend of de - dollarization, central bank gold purchases are expected to continue, and the medium - and long - term center of gold prices is likely to move up [5].

Group 1 - The core viewpoint of the articles indicates that the recent rebound in spot gold prices, nearing $3,400 per ounce, is primarily influenced by the Chinese central bank's continuous increase in gold reserves for foreign exchange hedging rather than a bullish outlook on gold itself [1] - As of the end of July, China's gold reserves reached 73.96 million ounces, an increase of 60,000 ounces from June, marking nine consecutive months of gold accumulation by the central bank [1] - The decline in the US dollar index is negatively correlated with gold prices, leading to an increase in gold prices as expectations of interest rate cuts by the Federal Reserve grow, alongside concerns about a potential economic recession in the US [1] Group 2 - International investment banks, such as Citigroup, have recently shifted their stance to a bullish outlook on gold, raising their price forecast from $3,300 to $3,500 per ounce, indicating potential upward price movement [2] - Despite the optimistic price targets of $3,500 to $3,600 per ounce, the overall expectation suggests a narrowing of upward space for gold prices, indicating a likely continuation of range-bound trading without significant new capital inflows [4] - For individual investors holding gold-related assets, maintaining positions is crucial, while new purchases should be approached with caution, as significant price fluctuations are not anticipated in the near term [4]