Economic Data - In June, China's social financing increased by 4.2 trillion yuan, with new RMB loans amounting to 2.24 trillion yuan, and the M2-M1 spread narrowing [1] - China's exports in June, measured in USD, grew by 5.8% year-on-year, while imports increased by 1.1% [1] - Rare earth exports reached the highest level since 2009, iron ore imports hit a year-to-date high, and steel exports in Q2 set a record [1] Market Reactions - The S&P 500 index barely rose as investors awaited US inflation data [1] - Bitcoin experienced a pullback after reaching a new high [1] - Crude oil prices fell by 3% [1] Trade Relations - The EU is preparing to impose counter-tariffs on US goods worth 720 billion euros [1] - Trump threatened to impose a 100% tariff on Russia if a peace agreement regarding Ukraine is not reached within 50 days [1] Corporate Developments - Elon Musk announced that a "monumental" demonstration of the next-generation Optimus robot is expected by the end of the year [1] - Meta is planning to invest hundreds of billions to build the world's largest data center and is considering shifting from open-source to closed-source [1] Upcoming Data Releases - China is set to release significant GDP data on Tuesday, while the US will announce June CPI data on the same day [1]

Group 1: Gold Market Analysis - Multiple data releases are expected to impact gold prices, with unemployment claims and GDP likely to be bearish, while PCE data may provide bullish support [1] - Recent trading showed gold prices dropping significantly, breaking key support levels, with a notable decline to 3295 [3] - The current market is characterized by a "Bollinger Band squeeze," indicating potential for a directional breakout [3] - Short-term trading strategy suggests focusing on buying on dips around 3310, with a target of 3330-3350 [3] Group 2: Silver Market Analysis - Silver is at a critical juncture around 36 USD, with technical indicators showing potential for volatility [6] - Key resistance is identified at 37.291 USD, with a breakthrough potentially leading towards 38 USD [6] - Suggested trading strategy involves buying on dips between 35.90-35.80 USD, with a target of 36.30-36.50 USD [6] Group 3: Market Influences - Geopolitical tensions in the Middle East remain uncertain, while the Federal Reserve's cautious stance on interest rate cuts adds complexity to the market [4] - A weakening dollar and rising inflation expectations may provide support for gold prices [1] - The performance of gold and silver is closely tied to economic data releases and geopolitical developments [1][4]

Core Insights - The UK Chancellor of the Exchequer, Reeves, expressed disappointment over the GDP data for the period of February to April, indicating a need for decisive action to stimulate economic growth [1] Economic Performance - The GDP data for February to April was described as "significantly disappointing," highlighting potential challenges in the UK economy [1] - The Chancellor's remarks suggest a focus on strategies to enhance economic performance in the near future [1]

Economic Data Releases - Australia's Q1 GDP data will be released, providing insights into the country's economic performance [1] - France's final services PMI for May will be published, indicating the health of the services sector [2] - Germany's final services PMI for May will also be released, contributing to the understanding of the economic landscape [3] - The Eurozone's final services PMI for May will be available, reflecting the overall services sector performance in the region [4] - The UK's final services PMI for May will be announced, offering a glimpse into the British services industry [5] - The US ADP employment figures for May will be disclosed, which are crucial for assessing job market trends [6] - Federal Reserve's Bostic will participate in an event, potentially providing insights into monetary policy [7] - The final services PMI for May from S&P Global in the US will be released, further informing on the services sector [8] - The Bank of Canada will announce its interest rate decision, impacting monetary policy and economic outlook [9] - The US ISM non-manufacturing PMI for May will be published, which is a key indicator of economic activity [10] - The EIA crude oil inventory data for the week ending May 30 will be released, affecting energy market dynamics [11] - The Federal Reserve will publish its Beige Book on economic conditions, offering qualitative insights into the economy [12]

Core Insights - The Bank of England Governor Bailey indicated that the economic trajectory suggested by forward-looking surveys is not as robust as the latest GDP data implies [1] Group 1 - The forward-looking surveys show a weaker economic outlook compared to the recent GDP figures [1]

Core Viewpoint - Economists suggest that the revised GDP data for Japan, set to be released next week, may confirm an economic contraction in the first quarter of 2025 [1] Group 1: Economic Performance - Preliminary data released in mid-May indicated that Japan's actual GDP contracted at an annualized rate of 0.7% for the January-March quarter [1] - Economists from Norinchukin Research Institute predict that the economy may experience a second consecutive quarter of contraction from April to June due to stagnant wage growth not keeping pace with rising food prices, including rice [1] Group 2: Consumer Behavior and Investment - Consumer spending is expected to remain sluggish, influenced by ongoing inflationary pressures on essential goods [1] - The anticipated continuation of tariffs imposed by former President Trump is expected to exert pressure on exports and capital investment [1]

Group 1 - The international gold price opened at 3287.97 USD, reached a high of 3331.11 USD, and closed at 3317.19 USD, showing a daily increase of 30.85 USD or 0.94% [1] - The market sentiment improved after the U.S. International Trade Court ruled against Trump's "Liberation Day" tariff policy, leading to a temporary drop in gold prices to 3245 USD, but buying support remained strong due to geopolitical and economic uncertainties [3] - The U.S. GDP data revision is not expected to change the Federal Reserve's cautious stance, with expectations of interest rate cuts later this year [3] Group 2 - Gold prices are currently within the expected range of 3150-3450 USD, with a focus on maintaining around the 3300 USD level as the month ends [4] - Short-term fluctuations saw gold prices drop to 3245 USD after hitting a high of 3366 USD, but support was found at the 10-week moving average [4] - The overall judgment indicates that gold prices will oscillate around 3300 USD, with support at 3280-3290 USD and resistance near 3350 USD [4] Group 3 - Silver prices have broken out of a triangular consolidation pattern and are currently fluctuating within the Bollinger Bands, indicating cautious upward movement [6] - The silver price is supported at 32.6-32.8 USD and faces resistance at 33.6-33.8 USD, with a potential upward breakout expected [6] - Important levels for trading strategies include maintaining support at 32.6-32.8 USD for silver, while gold has support at 3300 USD and resistance at 3350 USD [6]

土耳其总统埃尔多安：第一季度GDP数据显示我们正走在正确的轨道上。 ...

Group 1 - The yield on India's 10-year government bonds increased by 2 basis points to 6.27% following the release of GDP data [1]

Core Viewpoint - The recent increase in initial jobless claims in the U.S. is noteworthy but not yet alarming, according to High Frequency Economics economist Carl Weinberg [1] Group 1: Jobless Claims Analysis - The number of initial jobless claims has risen to the highest level since April [1] - Despite the increase, claims remain low by historical standards, indicating that companies are hesitant to lay off skilled and trained employees [1] - Companies are maintaining a cautious approach towards layoffs, even amidst high uncertainty following GDP data releases [1]