Group 1: Market Reactions - European stocks surged due to trade negotiation developments, with Germany's DAX index rising by 1.67% and France's CAC40 increasing by 1.21% [3] - The U.S. stock market was closed for Memorial Day, indicating a pause in trading activity [3] - The oil market is experiencing volatility, with Brent crude oil closing at $64.81, amid OPEC+ plans to increase production by 411,000 barrels per day [5] Group 2: Trade Negotiations - The U.S. is pressuring the EU to lower tariffs unilaterally, threatening a 20% punitive tariff if negotiations fail [3] - The EU is countering with a "cooperation agreement" aimed at standard recognition and trade simplification [3] - The EU has prepared a $100 billion retaliation list if trade talks collapse, posing risks to sectors like automotive and agriculture [3] Group 3: Geopolitical Tensions - The situation between Russia and Ukraine remains tense, with recent drone attacks and continued support for Ukraine from Germany [3] - The potential for escalating geopolitical risks could lead to increased interest in safe-haven assets like gold and defense stocks [3] Group 4: Cryptocurrency Developments - Trump's media group plans to raise $3 billion to purchase Bitcoin, pushing its price to $110,000 [4] - This move raises concerns about potential conflicts of interest, as Trump promotes the U.S. as a cryptocurrency hub while investing in it [4][5] - The SEC's scrutiny could lead to significant repercussions for the cryptocurrency market [5] Group 5: Investment Strategies - The current market environment is likened to a high-stakes gamble, with opportunities in technology growth and cryptocurrency-related ETFs for risk-tolerant investors [5] - For conservative investors, gold ETFs are suggested as a more reliable option given the current geopolitical climate [5]

Group 1 - The China Securities Index for the gold industry (931238) decreased by 1.31% as of May 27, 2025, with mixed performance among constituent stocks [1] - Mingpai Jewelry (002574) led the gains with an increase of 10.08%, while Northern Copper (000737) experienced the largest decline at 2.72% [1] - The Gold Stock ETF (159322) fell by 1.46%, with the latest price at 1.15 yuan, but showed a weekly increase of 6.38% as of May 26, 2025 [1] Group 2 - Citi's commodity analysts predict that gold prices will trade between $3,100 and $3,500 per ounce in the next three months, an increase from their previous estimate of $3,000 to $3,300 [2] - The China Securities Index for the gold industry (931238) includes 50 large-cap companies involved in gold mining, refining, and sales, reflecting the overall performance of gold industry stocks in mainland China and Hong Kong [2] - As of April 30, 2025, the top ten weighted stocks in the index accounted for 69.64% of the total, including Shandong Gold (600547) and Zijin Mining (601899) [2]

Group 1 - International gold prices continue to weaken as market concerns over global trade conflicts diminish following Trump's decision to delay high tariffs on the EU until July 9 [1] - The market's reaction to the delay in tariffs has reduced demand for gold as a safe-haven asset [1] - The Federal Reserve's cautious stance on interest rates has led traders to withdraw bets on a rate cut in June, with expectations now shifting towards a pause until the July meeting [2] Group 2 - Trump announced the cancellation of the planned 50% tariffs on EU goods set to take effect on June 1, following a conversation with EU Commission President Ursula von der Leyen [2] - The extension of trade negotiations until July 9 indicates a potential easing of trade tensions between the US and the EU [2] - Gold prices faced pressure after a significant spike the previous week, with current support levels noted around $3,330 or $3,320, and resistance levels at $3,360 or $3,390 [3]

Group 1 - The Central Committee and State Council issued an opinion on improving the modern enterprise system with the goal of establishing a system suitable for China's national conditions within about five years [1][2] - The opinion emphasizes strengthening the service guarantee system for private enterprises, removing market access barriers, and protecting the legal rights of private enterprises and entrepreneurs [2] - The Ministry of Finance reported that in April, national lottery sales reached 57.745 billion yuan, a year-on-year increase of 4.1%, continuing a stable growth trend [3] Group 2 - The Central Huijin Investment Company held a meeting to summarize its party building and operational management for 2024, emphasizing the integration of party leadership into corporate governance and enhancing the management of state-owned financial capital [4] - The market regulatory authority revised the "Quality Supervision and Management Measures for Fiber Products," prohibiting the use of reprocessed fibers in products for infants and young children [4] - Meituan announced a revenue of 86.557 billion yuan for the first quarter, a year-on-year increase of 18.1%, with adjusted net profit rising by 46.2% [5]

Core Viewpoint - Citigroup has raised its three-month gold price target to $3,500 per ounce due to ongoing uncertainties such as Trump's trade war, geopolitical risks, and the state of U.S. finances, which have reignited demand for safe-haven assets [1] Group 1 - The adjustment in gold price target reflects the impact of geopolitical tensions and trade policies on market sentiment [1] - The demand for safe-haven assets is expected to increase as uncertainties persist in the global economic landscape [1] - Citigroup's revised target indicates a significant bullish outlook on gold prices in the near term [1]

Group 1 - The A-share market experienced a slight increase followed by a decline, with average daily trading volume dropping to 1.18 trillion yuan, reflecting limited short-term policy expectations and uncertainties from external shocks [1] - The market style performance showed that consumption outperformed, followed by cyclical, financial, and growth sectors, with most industries declining [1] - Despite external pressures, domestic economic resilience is expected to support the market, with positive developments in US-China trade negotiations anticipated to bolster the domestic economy in Q2 [1] Group 2 - The ongoing US-EU trade friction is expected to benefit safe-haven assets and companies with high export ratios to Europe, while the potential for increased tariffs on European goods may lead to heightened trade tensions [2] - The technology growth sector, particularly in AI, robotics, innovative pharmaceuticals, and military industries, is anticipated to perform well following earnings reports, despite recent pullbacks in self-sufficient sectors [2] - The market may react positively to perceived risks, with potential for increased pressure from the US on the EU, which could ultimately favor safe-haven assets [2]

实时数据：5月26日亚盘早市，现货黄金延续上周五跌势，日内最低触及3331.38美元/盎司，较上周五收盘价3356.21美元/ 盎司下跌约0.23%。 | 昨收 | 3356.21 | 最高 | 3356.81 | | --- | --- | --- | --- | | 开盘 | 3356.18 | 最低 | 3331.38 | | 买入 | 3348.63 | 卖出 | 3348.83 | 一、特朗普政策反复无常，贸易风险持续扰动市场 交易策略：详情请见专栏《独家观点》 尽管短期波动加剧，但黄金长期牛市根基未改。美国联邦债务突破36万亿美元，穆迪下调美国主权信用评级，叠加关税可 能推升通胀至3.0-3.5%，黄金作为抗通胀和避险资产的需求持续增强。此外，央行购金和ETF资金流入提供长期支撑， 2025年金价仍有望冲击3400美元/盎司。投资者可利用回调机会逐步布局中长期多单，止损参考3300美元关键支撑。 风险提示：以上分析基于公开信息，不构成投资建议。市场有风险，交易需谨慎。 二、美联储会议纪要与PCE数据成关键节点 本周市场将聚焦两大核心事件： 美联储5月会议纪要（5月29日）：市场预期纪要将披露美联储 ...

Core Viewpoint - Gold prices are experiencing slight pressure due to a delay in high tariffs on the EU announced by President Trump, which has reduced market concerns over global trade conflicts and subsequently weakened demand for gold as a safe-haven asset [2] Group 1: Market Dynamics - As of May 26, gold prices reported at $3347.54 per ounce, with a decline of 0.28%, reaching a high of $3356.32 and a low of $3331.05 during the session [1] - The overall trend for gold last week was a volatile upward movement, with a weekly low of $3204 and a high of $3365, closing the week at $3359 [2] Group 2: Influencing Factors - The delay in tariff implementation has temporarily pressured gold prices, but concerns over global inflation and the U.S. fiscal outlook continue to support gold's value [2] - Moody's downgrade of the U.S. long-term credit rating from "AAA" to "AA1" has increased the attractiveness of gold as a safe-haven asset, putting additional pressure on the dollar [2] - Analysts predict that gold prices will continue to rise, influenced by the U.S. rating downgrade, ongoing gold purchases by major Asian countries, and trade-related anxieties [2]

北京时间5月2 6日早上，美股期货拉升，纳指期货涨幅扩大近1%。 | W | 纳斯达克100期货小型 | | | --- | --- | --- | | | NO.CME | | | 21145.25 | 昨结 20975.00 开盘 | 20978.00 | | +170.25 +0.81% | 出版 9566 现手 | 1 | | 最高价 21229.25 | 持 仓 0 外 盘 4642.00 | | | 最低价 20954.25 | 增 仓 -27.58万 内 물 | 4924.00 | | 结算价 | 估结值 0.00 基 差 | 0.00 | | स्त्रीय | 五日 日Ｋ 周Ｋ 月Ｋ 更多 | | | 叠加 | 盘口 | | | 21229.25 | 1.21% 卖1 21145.25 1 | | | | 买1 | 21144.00 2 | | 20975.00 | 0.00% | 17:42 21145.75 1 | | | 17:42 21146.00 | 1 | | | 17:42 21144.25 | 7 | | | 17:42 21143.50 | 7 | | | | 17:42 ...

各位老铁早上好，这里是帮主郑重的隔夜市场解读时间。今儿带你们拆解昨夜资本市场的冰火两重天——这边黄金冲破3350美元创历史新高，那边苹果 却被特朗普的关税大刀砍得血流成河，这剧本比好莱坞大片还刺激！ 先说这出"苹果惊魂记"。特朗普老爷子又放大招，扬言要对海外生产的手机加征25%关税，吓得苹果股价单日暴跌3%，一周跌掉7.6%，市值蒸发近2000 亿美元。这场景让帮主想起2018年贸易战时的惊涛骇浪，但这次更狠——不仅苹果中枪，三星、谷歌全在射程之内。不过细品特朗普的话术，那句"在美 国建厂就免税"倒是暴露了真实意图，这哪是关税战，分明是逼着制造业回流的美版"腾笼换鸟"！ 转头看避险资产的狂欢。黄金一夜暴涨近2%，冲破3350美元大关，这走势让2020年疫情时的疯狂都显得温和。纽约期金周涨幅5.4%，创下俄乌冲突以来 最大单周涨幅。帮主深扒发现玄机：全球央行连续18个月增持黄金，中国4月增持量更是创三年新高，这分明是主权资本在用真金白银给美元霸权投不信 任票！ 中概股战场上演绝地求生。金龙指数顽强收红，哔哩哔哩逆势涨3%，但名创优品暴跌17%暴露软肋——出海企业的地缘风险正在飙升。帮主给铁子们划 重点：能扛住特 ...