截至撰写本文时，白银价格接近38.50美元，在从38.08美元的低点反弹后回升。对美元重新出现的需求和美国国债收益率走强，正在给贵金属带来压力。不 过，由于围绕美联储独立性的不确定性挥之不去，以及美联储主席鲍威尔在杰克逊霍尔研讨会上的鸽派立场引发的降息预期升温，白银的下行势头仍有所缓 解。 白银在4小时图对称三角形态上方的突破未能延续，银价再度承压。这次回调已经将白银拉回了三角形的上边界，现在在100均线附近的关键支撑区域，目前 位于38.13美元附近。如果决定性地跌破这一汇合点支撑位，可能会使最近的看涨突破无效，并使短期势头回到有利于空头的方向。 相对强弱指标（RSI）在50附近徘徊，表明缺乏明确的方向性强弱。与此同时，MACD显示看涨势头减弱。MACD线出现死叉，而条柱已转为负值。 展望未来，近期阻力位见于38.63美元（21周期EMA），随后是周五的高点39.06美元。需要持续突破该区域才能恢复看涨势头，并暴露下一个上行目标，即 39.53美元的多年高点。另一方面，关键支撑位位于38.13美元-38.00美元区域，该区域有100日移动均线和前三角形态的上边界。如果跌破该区域，则表明突 破失败，并为进一步 ...

gtaxinstitute@essence.com.cn 2025年08月28日 【原油】 隔夜国际油价上行,布伦特10合约涨0.82%。上周美国EIA原油库存超预期下降239.2万桶,汽油及 精炼油库存也录得下降，体现夏季用油高峰尾声需求仍有韧性。布伦特临近70美元/桶已基本定价俄 鸟和谈僵局相关供应风险的利多影响，在地缘风险进一步发酵前原油或转为震荡走势，关注旺季因 素支撑过后原油的再次做空机会。 【责金属】 隔夜美元波动剧烈，贵金属高位震荡。本周特朗普罢免美联储官员加剧美联储独立性担忧冲击美元 信用,被解雇理事库克将提起诉讼。国际金银处于震荡趋势之中继续测试上方关键阻力，中期维持 回调买入多头思路。今日关注美国二季度GDP修正值和周度初请失业金数据。 【铜】 隔夜铜价走低，市场对经济表现仍偏谨慎，同时等待美国PCE指标，且关注特朗普与美联储独立性间 的博弈，美元指数波动快。国内现铜79585元，精铜消费受多省梳理再生铜补贴政策减停而受益， 现需要时间等待国内废铜报价的博弈调整。今日关注社库，整数关胆力强,高位空单持有。 【铝】 氧化铝运行产能处于历史高位，行业库存和上期所仓单均持续上升。供应过剩逐渐显现 ...

Report Investment Ratings - Gold: ★★★, indicating a clearer long trend with a relatively appropriate investment opportunity currently [1] - Silver: ★★★, indicating a clearer long trend with a relatively appropriate investment opportunity currently [1] Core View - Overnight, the US dollar fluctuated sharply, and precious metals oscillated at high levels. Trump's dismissal of Fed officials this week intensified concerns about the Fed's independence and impacted the US dollar's credit. International gold and silver are in an oscillating trend, continuing to test the upper key resistance. The medium - term strategy maintains a long - buying approach on pullbacks. Attention should be paid to the revised value of the US Q2 GDP and weekly initial jobless claims data today [1] Other Summaries Fed - related - Biesent called for an internal review of the Fed and said it would surely know in the fall who Trump would choose as the Fed chair. Williams said the policy remains moderately tight, inflation is gradually falling, and every meeting is absolutely "real - time" [1] Tariff - related - The White House trade advisor said that if India stops buying Russian oil, it can get a 25% tariff discount. India hopes that the US will reconsider the decision to impose a 25% tariff on it. Biesent said many things India does are "performative." The EU plans to accelerate the legislative process before this weekend to fully cancel tariffs on US industrial products to meet Trump's requirements. Japanese Economic Revitalization Minister Akazawa Ryosei visited the US again, urging the US to implement the auto tariff reduction agreement [2]

Group 1 - The total amount of gold futures in the Shanghai Futures Exchange is 39,504 kilograms, with an increase of 2,001 kilograms compared to the previous day [1] - The opening price of gold futures on August 28 was 782.00 CNY per gram, reaching a high of 784.58 CNY and a low of 781.40 CNY, with a current price of 783.22 CNY, reflecting a 0.21% increase [1] - The trading volume for the day was 148,309 contracts, while the open interest decreased by 22,127 contracts to 144,469 contracts [1] Group 2 - The Federal Reserve's third-ranking official indicated that interest rates could be adjusted at every policy meeting [1] - European Central Bank Governing Council member Rehn stated that President Trump's pressure on the Federal Reserve's independence could have significant global impacts on financial markets and the real economy [1]

Gold - The independence of the Federal Reserve is threatened as President Trump attempts to dismiss Fed Governor Cook, leading to market concerns reflected in the selling of U.S. Treasuries and rising bond yields, particularly in the 30-year Treasury [1] - The risk of stagflation is increasing, with rising long-term bond yields expected to push inflation higher while slowing economic growth [1] - Recent events surrounding Trump's dismissal of a Fed official are unprecedented in U.S. history and are likely to weaken the Fed's independence, which could favor gold prices due to political turmoil and rising rate cut expectations [1] - Technically, gold rebounded from $3320, with potential upward movement towards $3409 or a downward test of support at $3350 if it breaks below $3384 [1] Oil - The U.S. Energy Information Administration (EIA) reported a decrease in crude oil inventories by 2.392 million barrels, compared to a previous decrease of 6.014 million barrels and an expectation of a 1.863 million barrel decrease, which is bullish for oil prices [2] - The end of the U.S. driving season and the reduction in oil inventories help alleviate concerns about oversupply [2] - The ongoing tariff battle between the U.S. and India is significant, with Trump raising tariffs on Indian goods to 50%, pressuring India to reduce its purchases of Russian oil [2] - Technically, oil prices rebounded from around $63, with a potential upward target of $65 if it breaks above $64.20, while a drop below $63 would lead to a focus on $61.80 support [2] U.S. Dollar Index - New York Fed President Williams indicated that risks are becoming balanced, suggesting potential actions in future Fed meetings, which may hint at rate cuts and increase the likelihood of a weaker dollar [3] - The dollar is influenced by two main factors: expectations of Fed rate cuts and threats to the Fed's independence, which could exacerbate market volatility [3] - Technically, the dollar has been experiencing significant short-term fluctuations, with a downward trend from around 100, currently oscillating between 97.50 and 98.80, indicating a higher probability of further declines [3] Nikkei 225 - The Nikkei 225 index has been in a corrective phase since last week, finding support around 42120 and continuing its rebound [5] - The index faces resistance at 43200, and if it breaks this level, it may target the previous high of 43900, while support is noted at 42500 [5] Copper - Copper prices experienced a significant drop at the end of July, reversing previous gains, and have since maintained low-level fluctuations with weak rebound strength [6] - The resistance level at $4.50 is critical; failure to break above this could lead to a new round of declines [6] - Currently, copper is trading within a range of $4.32 to $4.50, suggesting a trading strategy of shorting at the high and going long at the low until a breakout occurs [6]

来源：滚动播报 欧洲央行管委雷恩：如果美联储的独立性受到破坏，通胀必然会上升。 ...

库克方面迅速回应，强调总统无权单方面罢免美联储理事，并表示将通过法律途径抵制该"非法尝试"。根据《联邦储备法》， 美联储理事须"因故"方可解职。 库克于2022年经拜登提名担任美联储理事，任期原定至2038年结束。此事迅速引起金融市场关注。 特朗普与美联储之间日益紧张的关系可能加剧投资者对美国国债的抛售压力，并导致美元进一步走弱。特朗普声明发布后，美 元一度走软但随后回升。债市方面，不同期限美债收益率出现分化，短端收益率普遍下行，长端则小幅上升，截至26日收盘， 10年期美债收益率微跌0.78个基点，报4.261%，30年期则上升3.56个基点至4.920%。 股市未出现剧烈波动，三大股指均录得上涨。有分析认为，市场韧性部分源于美联储降息预期的支撑——鲍威尔近期表态称， 劳动力市场疲软可缓解关税带来的通胀压力，为9月降息铺平道路。安联首席经济顾问穆罕默德·埃尔-埃里安指出，目前市场反 应相对平静，可能反映投资者对类似事件已逐渐适应，抑或是认为断定事态影响为时尚早，解雇的合法性尚待司法认定。 美国总统特朗普与美联储主席鲍威尔在货币政策上的公开分歧持续引发关注。近期，双方矛盾出现进一步升级。8月25日晚，特 朗普 ...

Core Viewpoint - The dismissal of Federal Reserve Board member Lisa Cook by President Trump is primarily due to allegations of falsification in mortgage application documents, raising concerns about integrity within the Federal Reserve [1][3][4]. Group 1: Background and Context - The controversy began when William Pulte, the director of the Federal Housing Finance Agency appointed by Trump, questioned Cook's integrity regarding two mortgage applications where she allegedly misrepresented properties as "primary residences" [3]. - On August 20, Trump requested Cook's resignation based on these allegations, which she refused, leading to an investigation by the Department of Justice into her mortgage applications [3][5]. Group 2: Official Statements and Reactions - In his official letter, Trump emphasized the need for trust in officials responsible for monetary policy, citing Cook's alleged deceptive actions as a breach of public trust and integrity [4]. - Cook has publicly stated her intention to contest the allegations, asserting that she takes the inquiries about her financial history seriously and is gathering accurate information to respond to the claims [5]. Group 3: Implications for the Federal Reserve - The dismissal is seen as a significant adjustment within the Federal Reserve's decision-making body, potentially sparking discussions about the independence of the Federal Reserve and the mechanisms for financial scrutiny of public officials [6]. - The sudden nature of the dismissal based on "suspected financial fraud" may have lasting implications for the direction of U.S. financial policy and the perception of the Federal Reserve's integrity [6].

大行晨報 - 英鎊短線料區間上落 - 2025 年 8 月 28 日星島目報 / 頭條日報 https://www.stheadline.com/columnists/finance- property/3494119/%E5%A4%A7%E8%A1%8C%E6%99%A8%E5%A0%B1- %E8%8B%B1%E9%8E%8A%E7%9F%AD%E7%B7%9A%E6%96%99%E5%8D%80%E9%96%93%E4%B8%8A %E8%90%BD%E5%A4%A7%E8%A1%8C%E6%99%A8%E5%A0%B1 主頁 > 產經 > 大行晨報 大行晨報 - 英鎊短線料區間上落 | 大行晨報 行鳥報 8小時前 ta 更多 產經專欄 內容 聯儲局周二表示,將遵守法院對美國總統特朗普是否有權解職理事庫克（Lisa Cook）的任何裁 決。同時重申,聯準會理事享有長期任期保護的重要性。據外媒報道,美國政府正在研究對聯儲局12間 地區銀行施加更大的影響力,有可能會超越自宮現有的人事任命權力。特朗普則表示,可能會派米蘭 (Stephen Miran) 長期扎根聯儲局,並暗示他是聯儲局主席的重要接班人選。 市 ...

黄金震荡上行，不断破高，多头延续攀升，昨天再反弹30美金突破，来到3400的关口遇阻调整，漫步爬 升，谨防大跌。 今天的走势 昨晚小幅调整后，再次上破。 再度破高，来到3400附近。 昨天我们3384位置，再次空收获。 今天迎15美金跌幅调整，依然处在反弹走势。 上方再触及3400，或直接突破。 上穿，继续看到3408的承压和得失。 再次突破，持续看上方3438的阻力承压。 不过，处在3408下方，持续调整，再探3384的位置。 此位置上方，依然处在反弹，挑战3400。 不过震荡上行，随时大跌，下方跌破3384，继续看到3350的支撑。 黄金连涨4个月后，到本月临近收官，迎来连续4个月横盘。特别是本月重复3300-3400的震荡格局，震 荡横盘了4个月，方向不明下，随时迎来大的突破。 操作方面，黄金整体依然处在反弹走势，看3384和3350做多的机会。此外，黄金上方面临关键阻力区 域，看3408和3438做空的机会。 昨天主要因素： 一方面，美通胀预期持续升温，受关税冲击，物价水平有所升高，而且消费信心超预期。同时，日国债 收益率走强，一个不祥的预兆，日国债遭遇抛售，面临债务危机，日元走低，美元强势，黄金承压 ...