换资前言： 黄金技术面分析：黄金目前调整依然没有走完，6月份，将是黄金调整的最后时间点，目前市场存在较大分歧，多空胶着。但时间未到，调整未完，再怎么 胶着，也不能激进追涨。自3500高点以来，连续测试了3430以及上周3403的高点均回落，但调整幅度不够，调整时间也不够。黄金现在就是震荡节奏，起起 伏伏，暂时还没有形成趋势性的行情，今晚CPI能否让黄金打破震荡节奏？昨日尾盘黄金最终收盘在3322.3美元一线，日线以一根上下影线等长的长脚阴十 字星形态收线，而这样的形态收尾后，今天黄金反弹继续做空，还有继续下跌的空间和需求，今天黄金关注上方阻力在3347美元一线，反弹依托这里阻力以 下做空，下方再看3310美元一线即可！不过数据前我们还是暂时继续当震荡看，反弹高位就不要轻易去追多，早盘反弹还是继续逢高空。 操作方面，短线来讲，震荡，多空都有机会，不存在方向的问题，上方压制3345——3350区域，下方支撑3300一线，昨天早盘回测3300附近后白盘直线拉 高，晚间触及3349附近之后再次回落。短线，多空都有机会，把握好此区间的高抛低吸。大方向，仍然关注3350区域承压后的再一次下跌，需要时间。现在 黄金走势震荡 ...

Group 1: Gold Market Overview - Gold prices experienced a slight increase, currently around $3333 per ounce, after a significant drop of about $30 from a high of $3350 per ounce due to optimistic investor sentiment regarding US-China trade negotiations [1] - On June 10, gold reached an intraday high of $3349.20 per ounce before falling to approximately $3319 per ounce, closing at $3322.49 per ounce, reflecting a daily decline of 0.1% [1] - The market is closely monitoring the upcoming US Consumer Price Index (CPI) data, with economists predicting a slight increase in core CPI to 2.9%, which may impact inflation expectations and subsequently gold prices [2] Group 2: Trade Negotiations Impact - US Commerce Secretary Wilbur Ross indicated that trade negotiations between the US and China are progressing "very, very smoothly," with hopes for a conclusion by the end of the day [1] - US Treasury Secretary Steven Mnuchin described the negotiations as "productive," highlighting the importance of these discussions for market sentiment [1] Group 3: Economic Outlook and Gold's Appeal - The World Bank has downgraded its global economic growth forecast for 2025 to 2.3%, citing trade barriers and tariff increases as potential risks to global trade, which enhances gold's appeal as a safe-haven asset [3] - The current geopolitical risks and economic slowdown are contributing to the attractiveness of gold as a store of value, as noted by High Ridge Futures' David Meger [3] Group 4: Technical Analysis of Gold - Technical indicators suggest that gold prices are finding support near the 20-day simple moving average (SMA) at $3302 per ounce, with a need to break above $3350 per ounce to shift to a bullish outlook [4] - The relative strength index (RSI) is stable around 52, indicating a lack of strong directional momentum, while the 200-period SMA at $3300 provides additional support [4]

新华财经北京6月10日电（王姝睿） 周二公布的对英国零售商和消费者的调查显示，由于家庭对个人财 务状况和消费能力的信心下降，英国消费者支出在前一个月反弹之后，于5月失去了增长势头。 Omnis Investments高级投资策略师Patrick O'Donnell认为，英国4月通胀强于预期，引发了人们对通胀压 力的担忧，并降低了英国央行6月降息的可能性。这一数据应该让人怀疑，在8月的后续会议上是否会降 息。 贝伦贝格银行经济学家安德鲁表示，英国央行可能在2025年剩余时间内将利率维持在4.25%。安德鲁 称，从4月开始，企业国民保险缴款的增加和工资增长的上升增加了企业成本，很可能转化为更高的通 胀。 毕马威会计师事务所英国消费者、零售和休闲部门负责人Linda Ellett表示，虽然天气依旧晴好，但5月 英国零售额的增速并没有加快。提早进行季节性采购可能是一个因素，另外随着家庭面对近期一系列基 本支出的上涨，一些消费欲望也受到了抑制。 英国GfK消费者信心指数从4月的-23升至5月的-20，仍远低于该调查的长期平均值-11。 上个月的官方数据显示，英国4月零售销售增幅远超预期，部分原因是比往年更晴朗的天气促进 ...

Core Viewpoints - The improvement in consumer demand stabilizes the core CPI, but supply-side factors significantly suppress inflation readings [2][68] Group 1: Characteristics of Core CPI Stabilization - Characteristic 1: Core commodity PPI shows a notable rebound, primarily due to improved demand and a lack of further tariff impacts. In May, the core commodity PPI increased by 0.3 percentage points to -1.4%. This is attributed to the sustained effects of consumption-boosting policies and a moderation in tariff impacts on prices [2][68] - Characteristic 2: Consumption promotion policies combined with rising gold prices lead to an increase in core commodity CPI. In May, the core commodity CPI rose by 0.1 percentage points to 0.2%, supported by increased consumer demand and a 40.1% rise in gold jewelry prices [3][18] - Characteristic 3: The increase in holiday days in May allowed for more substantial service demand release, positively impacting core service CPI, which rose by 0.2 percentage points to 0.5% [3][21] Group 2: Future Outlook - The combination of policy reinforcement and recovery in domestic demand is expected to alleviate inflationary pressures, although supply-side changes may still impose constraints on price readings [4][32] - The focus on boosting service consumption is likely to improve core service CPI further, while the ongoing "old-for-new" policy may provide significant support to core commodity CPI and PPI [4][70] Group 3: Regular Tracking - The overall CPI in May was -0.1%, slightly better than market expectations, with food supply showing a mixed performance. Fresh fruit and fish prices increased due to supply reductions, while seasonal vegetables saw a price drop [5][26] - Non-food CPI showed improvement in transportation and communication, while fuel prices for transportation saw a significant decline [50][71] - Service CPI in May reflected a recovery in demand, with core service CPI performing better than in previous years, indicating a positive trend in the service sector [58][71]

Group 1 - The U.S. Treasury bonds have recovered some losses from the previous week, providing a brief respite ahead of the 30-year bond auction scheduled for Thursday [1] - The yield curve has seen a decrease of 2 to 3 basis points, aligning with European bond trends, reversing a significant sell-off triggered by better-than-expected U.S. employment data [1] - The upcoming auction of $22 billion in 30-year bonds will be closely scrutinized due to recent volatility in the long-term U.S. Treasury market, amid rising concerns over national debt and deficits [1] Group 2 - Since early April, the yield on 30-year U.S. Treasury bonds has been on the rise, peaking at 5.15% on May 22, the highest level in 2023, with a recent drop to 4.95% [3] - Investment managers are adopting steeper positions, profiting from the underperformance of long-term bonds compared to short-term ones, indicating a shift away from monetary policy influence [3] - The upcoming CPI report for May is expected to show an increase in year-over-year inflation from 2.3% to 2.5%, which could impact risk sentiment and limit the upside for the dollar [3]

国内黄金本周走出了我预期的上涨力度，临盘操作上我也在785给出离场提示，755和770布局的多单已经全部获利了 结，跟随江沐洋思路做多的朋友也有所收获，我多次说过，积存金、融通金属于长期产品，操作不应以短周期看待， 合理规划好自己的仓位，认清形势耐心等待合适机会买入持有即可，周五随着国际金价的大幅走低，积存金、融通金 走势也跟随下跌，回落则是给到我们进场的机会，由于周末停盘，目前国际局势严峻，周末有太多的不确定性，所以 下周一我会根据实时的开盘价格在给出合理的进场位置，大家注意关注。 周五（6月6日），美国劳工统计局（BLS）于北京时间20:30公布了备受关注的5月非农就业报告。数据显示，美国5月 非农就业人口新增13.9万人，略高于市场预期的13万人，但较4月修正后的14.7万人有所放缓。失业率连续第三个月稳 定在4.2%，符合预期。平均每小时工资年率增长3.9%，超出预期的3.7%，月率增长0.4%，也高于预期的0.3%。这份数 据反映出劳动力市场韧性犹存，但增长动能有所减弱，叠加关税言论引发的市场不确定性，数据公布后金融市场反应 复杂，美元指数和美债收益率短线上扬，黄金价格小幅震荡，投资者对美联储降息路 ...

Group 1 - President Trump indicated that a decision regarding the next Federal Reserve Chairman will be announced soon, emphasizing that a good Chairman should lower interest rates [1] - Trump suggested that the Federal Reserve should reduce interest rates by a full percentage point, criticizing current Chairman Jerome Powell for being slow to act on lowering borrowing costs [1] - Trump's comments and actions have led to speculation about the potential replacement of Powell, with Kevin Warsh being a favored candidate for the position [1][2] Group 2 - Concerns have arisen regarding the independence of the Federal Reserve, as Trump's repeated criticisms of Powell and the potential for a leadership change may undermine future monetary policy effectiveness [2][3] - The uncertainty surrounding trade policies and tariffs has increased worries among Federal Reserve officials about persistent inflation, which has contributed to Powell's reluctance to lower interest rates [2] - Financial analysts have suggested that Powell may face significant challenges, including the possibility of being directly dismissed or having his authority undermined by a new appointee [2]

Group 1 - The article highlights the surge in gold purchases among young consumers in Shanghai, driven by promotional consumption vouchers offering significant discounts [1] - Gold prices have experienced volatility, with a peak of $3423.77 per ounce in May, followed by a sharp decline to $3211.2 per ounce after geopolitical tensions eased [1][6] - Following the Dragon Boat Festival, international gold prices resumed an upward trend, with COMEX gold surpassing $3400 per ounce [2] Group 2 - The article notes that young investors are increasingly turning to gold-themed funds, with the E Fund Gold Theme LOF fund experiencing a premium of 11% over its net asset value [2][5] - Since May 12, there has been a significant outflow from gold ETFs, with the Guotai Gold ETF seeing a net outflow of 16.04 billion yuan [6] - The article discusses the performance of various gold ETFs, highlighting substantial inflows into funds like the Huaan Gold ETF and E Fund Gold ETF during the gold price surge [5][8] Group 3 - The article mentions that the recent rise in gold prices is attributed to renewed geopolitical risks and economic indicators showing weakness in the U.S. manufacturing sector [8] - Analysts suggest that gold stocks may offer better investment value compared to gold itself, as companies in the sector report strong earnings growth [8][9] - The article concludes with a forecast that gold prices could reach $5000 per ounce by 2030, emphasizing gold's role as a primary safe-haven asset amid economic uncertainties [9]

俄罗斯央行：紧缩的货币政策对需求的影响日益明显，通胀压力正在减弱。 ...

Core Viewpoint - The Central Bank of Russia warns that escalating trade tensions could lead to a decline in global economic growth and oil prices, which may create inflationary pressures through fluctuations in the ruble exchange rate [1] Group 1 - The potential for further declines in global economic growth rates and oil prices is highlighted as a significant concern [1] - The Central Bank indicates that these declines could impact the ruble's exchange rate, leading to inflationary pressures [1]