美联储货币政策

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五矿期货贵金属日报-20250812
Wu Kuang Qi Huo· 2025-08-12 02:03
1. Report Industry Investment Rating - No information provided in the report. 2. Core Viewpoints of the Report - The market's expectation of US gold import tariffs was disproven after Trump stated that no tariffs would be imposed on gold, leading to a short - term decline in precious metal prices. However, the marginal loosening of the Fed's monetary policy remains the main driver for the precious metal market. With Trump's pressure on the Fed's monetary policy independence through personnel appointments and significantly lower - than - expected employment data, there is certainty that the Fed will implement further loose monetary policies. It is recommended to buy on dips in the precious metal strategy, with the reference operating range for the main contract of Shanghai Gold being 766 - 787 yuan/gram and that for the main contract of Shanghai Silver being 9081 - 9520 yuan/kilogram [2][3]. 3. Summary by Relevant Contents 3.1 Precious Metal Price Movements - Shanghai Gold (Au) dropped 0.87% to 777.98 yuan/gram, and Shanghai Silver (Ag) dropped 0.93% to 9158.00 yuan/kilogram. COMEX Gold dropped 0.24% to 3396.40 dollars/ounce, and COMEX Silver dropped 0.43% to 37.63 dollars/ounce. The US 10 - year Treasury yield was reported at 4.27%, and the US dollar index was at 98.53 [2]. - On August 11, 2025, compared with August 8, 2025, COMEX Gold's closing price (active contract) dropped 1.87% to 3393.70 dollars/ounce, and its trading volume dropped 30.58% to 21.69 million lots. COMEX Silver's closing price (active contract) dropped 2.25% to 37.65 dollars/ounce, and its trading volume dropped 7.33% to 59.13 million lots [6]. 3.2 Impact of Tariff Expectations - Last week, the market's expectation of a 1 - kilogram gold bar tariff in the US drove the premium of COMEX Gold over London Gold to a high of 44.81 dollars/ounce on August 7. After Trump's statement, the premium of COMEX Gold dropped significantly, and as of this morning, the price difference between COMEX Gold and London Gold fell to 9.1 dollars/ounce [3]. 3.3 Other Market Data - The SPDR Gold ETF holdings increased by 0.48% to 964.22 tons, and the SLV Silver ETF holdings increased by 0.45% to 15058.60 tons [4]. - The VIX index rose 7.26% to 16.25, while major US stock indexes such as the Dow Jones, S&P 500, and Nasdaq all declined. The London FTSE 100 and Tokyo Nikkei 225 indexes rose [4]. 3.4 Price Spread Analysis - On August 11, 2025, the SHFE - COMEX spread for gold was 31.1035 yuan/gram (3.57 dollars/ounce), and the SGE - LBMA spread was 3.94 yuan/gram (17.04 dollars/ounce). The SHFE - COMEX spread for silver was 486.34 yuan/kilogram (2.10 dollars/ounce), and the SGE - LBMA spread for silver was 476.76 yuan/kilogram (2.06 dollars/ounce) [55].
特朗普指控“假非农”风波后,今晚的CPI数据还准吗?
Jin Shi Shu Ju· 2025-08-12 01:52
AI播客:换个方式听新闻 下载mp3 音频由扣子空间生成 此外,劳工统计局对其关键的月度就业人数统计进行的显著修正也引发了担忧,包括特朗普指责的劳工 统计局为政治目的操纵数据。 起初,在政治圈之外,华尔街很少有人相信劳工统计局在数据处理上有任何"猫腻"的说法。然而,该局 通常原始的就业数据收集方式加剧了人们对修正前数据发布可靠性的谨慎态度,该局主要通过电话和书 面调查,但调查回复率一直在稳步下滑,迫使劳工统计局进行更大幅度的修正。 美国银行高级美国经济学家Aditya Bhave写道,"对就业增长的大幅向下修正和CPI数据中'插 补'(imputation)使用量的增加,都引发了对官方统计数据可靠性的疑问,我们认为数据仍然可靠,但 我们建议对初次发布的就业数据保持谨慎。" 本周的通胀数据的市场影响将是巨大的,其影响不仅在于数字本身,而是关于数据有效性的问题。 随着预算削减迫使该机构改变数据收集方式,这些担忧已有所加剧。最重要的是,在7月非农就业数据 发布后,美国总统特朗普解雇劳工统计局局长的决定,引发了人们对该机构可能被政治化的担忧。 考虑到劳工统计局的工作在多大程度上被用于制定政策、计算社会保障金以及为无数 ...
美股全线下挫,道指跌近200点
Di Yi Cai Jing Zi Xun· 2025-08-11 23:45
周一美股尾盘走弱,投资者等待本周即将公布的7月美国通胀数据以寻找美联储9月政策决定的更多线 索,并关注即将举行的美俄首脑会议对乌克兰战争走向的影响。 截至收盘,道指跌200.52点,跌幅0.45%,报43975.09点,纳指跌0.30%,报21385.40点,标普500指数跌 0.25%,报6373.45点。 明星科技股跌多涨少,特斯拉涨2.8%,Meta涨1.0%,微软跌0.1%,谷歌跌0.2%,亚马逊跌0.6%,苹果 跌0.8%,英伟达跌0.35%。 据央视新闻援引《金融时报》报道,当地时间11日,为了获得芯片出口许可证,美国芯片制造商英伟达 公司和AMD,与特朗普政府达成了一项特殊协议,两家企业同意将特供中国的芯片收入的15%上缴给 美国政府,以换取相关产品的出口许可证。 纳斯达克中国金龙指数跌0.3%,网易涨0.2%,阿里巴巴、拼多多、百度跌超1%。 美国国债收益率变化不大,10年期和2年期国债收益率分别稳定在4.28%和3.77%。 2025.08.12 本文字数:1273,阅读时长大约2分钟 作者 |第一财经 樊志菁 奥本海默资产管理公司首席投资策略师斯托茨福斯(John Stoltzfus)表示 ...
美联储主席候选人名单再扩容,据称又有三位央行高官加入其中
Feng Huang Wang· 2025-08-11 22:23
官员称,新进人选有美联储的两位现任副主席米歇尔·鲍曼(Michelle Bowman)和菲利普·杰斐逊(Philip Jefferson),达拉斯联储主席洛丽·洛根(Lorie Logan)也在考虑之列。 据央视新闻报道,上周二(8月5日),美国总统特朗普表示,可能很快宣布美联储新任主席。 白宫官员透露,美联储主席候选人进一步增多, 当前名单可能已经扩展至八人。 负责主持遴选工作的财政部长斯科特·贝森特(Scott Bessent)将在未来几周面试更多候选人。 特朗普于2018年任命鲍曼为美联储理事,并在今年让她担任监管副主席。在今年7月的货币政策会议上,她与沃勒一 同投下了反对票,他们认为会议应该降息25个基点。 杰斐逊则是在拜登政府时期先后成为美联储理事和副主席,两次提名都在国会获得了广泛的两党支持。如果当选, 杰斐逊将成为美联储首位非洲裔主席。但他今年支持维持利率不变的决定可能会减分。 杰斐逊在哥伦比亚大学的前同事、上文提到的哈西特曾高度评价过杰斐逊,"杰斐逊是那种我百分之百会建议特朗普 提名进入美联储的人,他完全符合我希望在美联储看到的那类人物。" 洛根于2022年被达拉斯联储董事会选为该行的主席,她 ...
金晟富:8.11黄金高台跳水下破关键支撑!晚间黄金走势分析
Sou Hu Cai Jing· 2025-08-11 09:23
除了地缘政治因素,即将公布的美国7月消费者物价指数(CPI)数据也是市场关注的焦点。分析师预 计,受关税政策的影响,核心CPI将较前月上涨0.3%,较上年同期上涨3.0%。这一数据虽然较美联储 2%的通胀目标仍有距离,但可能为美联储未来的货币政策提供重要指引。如果CPI数据表现强劲,可 能进一步推高美元汇率,从而对金价形成压制。近期美国就业数据表现不及预期,市场对美联储9月降 息的预期显著升温。根据市场定价,美联储在9月放宽货币政策的概率高达90%,并且预计到2025年底 还将至少再降息一次。降息通常对黄金有利,因为它降低了持有非收益资产(如黄金)的机会成本。然 而,短期内美元的潜在走强可能限制金价的上涨空间。尽管金价面临压力,但逢低买入的投资者仍可能 为市场提供支撑。与此同时,中美贸易谈判的进展也为市场增添了不确定性。特朗普要求华盛顿与北京 在8月12日之前达成协议,这一最后期限的临近让投资者保持高度警惕。贸易紧张局势的升级可能推高 市场避险情绪,从而为金价提供一定支撑,但如果谈判取得突破,黄金的吸引力可能进一步减弱。 8.11黄金行情走势分析: 黄金技术面分析:受美联储官员鹰派表态,市场普遍认为降息可能推 ...
黄金遭强劲抛售跌幅达1%
Jin Tou Wang· 2025-08-11 07:33
Group 1 - The core viewpoint of the articles indicates that the gold market is experiencing a decline due to reduced safe-haven demand as optimism rises from the upcoming U.S.-Russia leaders' meeting [1][3] - The upcoming U.S. Consumer Price Index (CPI) data for July is a focal point for the market, with analysts predicting a 0.3% month-over-month increase and a 3.0% year-over-year increase in core CPI [3] - The market is pricing in a 90% probability of a rate cut by the Federal Reserve in September, which typically benefits gold prices by lowering the opportunity cost of holding non-yielding assets [3] Group 2 - Technical analysis suggests that if gold prices close below $3,300, the outlook may turn bearish, while a breakout above $3,400 could pave the way for new historical highs [4] - Current support levels for gold are around $3,365, with additional support at $3,350 and $3,335, while $3,300 is identified as a critical short-term level [4] - The immediate price support for gold is at $3,360 and $3,355, with resistance levels at $3,385 and $3,395, establishing a dividing line of strength at $3,395 [4]
东海研究 | 石油石化:关注美联储降息预期与油价波动风险
Sou Hu Cai Jing· 2025-08-11 06:54
来源:市场资讯 (来源:东海研究) 证券分析师: 张季恺,执业证书编号:S0630521110001 谢建斌,执业证书编号:S0630522020001 吴骏燕,执业证书编号:S0630517120001 邮箱:zjk@longone.com.cn // 正文 // CONTENTS 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 原油价格影响因素及预测 | 指标 | 10. 199 | 油价影响 | | --- | --- | --- | | 因分别配 | 2026年7月布伦特原加维持武船震荡,月底收于66.29美元/格左右。OPEC+此前实施自隐减产的八国将在8月期产64.8万桶天。美联储 2025年8月继续哲得韩息符合预期,非农数据大幅下修,市场卿注9月降625个基点。综合来看,伊以冲突趋缓,短期内地缘政治因素影 | | | | 耐边标减弱,原油价格已基本度过季节性低点,预计年内布伦特原部仍将在60-90美元/桶区间震荡运行。美联储降息在即,短期内油价波 | | | | 动风险加强。 | | | 全球石油供应 | OPEC+此前实施自愿减产的八国将 ...
中信期货晨报:国内商品期货多数下跌,能化板块表现弱势-20250811
Zhong Xin Qi Huo· 2025-08-11 05:13
1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - **Macro Outlook**: Overseas markets are in a risk - on mode despite a weak US economic fundamentals and escalating tariff threats. The effectiveness of the August tariff and the upcoming US CPI data along with Fed personnel changes will impact market sentiment. China's exports in July were strong but face risks of decline. For asset allocation, a defensive stance is recommended, focusing on the policy and data inflection points in late August [7]. - **Asset Allocation**: Domestically, reduce allocation to equities and maintain allocation to commodities (emphasizing infrastructure and export - related sectors) and gold. Overseas, reduce allocation to US stocks and maintain allocation to US bonds. Slightly increase allocation to RMB funds and reduce allocation to US dollar money - market funds [7]. 3. Summary by Related Catalogs 3.1 Macro Essentials - **Overseas Macro**: The overseas market is in a risk - on state, but the August tariff implementation and upcoming US CPI data, along with Fed personnel changes, will test market sentiment. Trump's nomination of a "trusted person" as a temporary director has raised concerns about the Fed's independence, and the expected difference in US CPI data will affect market risk appetite [7]. - **Domestic Macro**: China's exports in July increased by 7.2% year - on - year, mainly due to strong non - US market demand offsetting the decline in exports to the US. However, this may be due to pre - tariff rush shipments, and future exports face risks of decline and restricted re - export trade [7]. - **Asset Views**: Domestically, reduce allocation to equities, maintain allocation to commodities and gold. Overseas, reduce allocation to US stocks, maintain allocation to US bonds, slightly increase allocation to RMB funds, and reduce allocation to US dollar money - market funds. Overall, maintain a defensive layout and focus on the policy and data inflection points in late August [7]. 3.2 Viewpoint Highlights 3.2.1 Financial Sector - **Stock Index Futures**: After event resolution, the crowding of funds is released, but there is a lack of incremental funds [8]. - **Stock Index Options**: The collar strategy strengthens the volatility structure, and attention is paid to the upward movement of volatility [8]. - **Treasury Bond Futures**: The market continues to digest the information from the Politburo meeting, and attention is paid to factors such as unexpected tariffs, supply, and monetary easing [8]. 3.2.2 Precious Metals - **Gold/Silver**: Precious metals are oscillating and strengthening, and attention is paid to Trump's tariff policy and the Fed's monetary policy [8]. 3.2.3 Shipping - **Container Shipping to Europe**: Attention is paid to the game between peak - season expectations and the implementation of price increases, as well as tariff policies and shipping company pricing strategies [8]. 3.2.4 Black Building Materials - **Steel**: Inventory continues to accumulate, and the off - season characteristics persist. Attention is paid to the progress of special bond issuance, steel exports, and molten iron production [8]. - **Iron Ore**: Molten iron production slightly decreases, and port inventory slightly accumulates. Attention is paid to overseas mine production and shipping, domestic molten iron production, weather, port inventory changes, and policy dynamics [8]. - **Coke**: There is a renewed willingness to raise prices, and the market is oscillating. Attention is paid to steel mill production, coking costs, and macro sentiment [8]. - **Coking Coal**: Supply disruptions continue, and the market is oscillating at a high level. Attention is paid to steel mill production, coal mine safety inspections, and macro sentiment [8]. - **Silicon Iron**: The bullish sentiment is digested, and the market trend is weak. Attention is paid to raw material costs and steel procurement [8]. - **Manganese Silicon**: Market sentiment cools, and futures prices are oscillating weakly. Attention is paid to cost prices and overseas quotes [8]. - **Glass**: Speculation in small - sized glass in Shahe has led to a slight improvement in production and sales. Attention is paid to spot production and sales [8]. - **Soda Ash**: Production continues to increase, and the market is oscillating. Attention is paid to soda ash inventory [8]. 3.2.5 Non - ferrous Metals and New Materials - **Copper**: The risk of overseas recession has increased, and copper prices are under pressure. Attention is paid to supply disruptions, unexpected domestic policies, less - than - expected dovishness of the Fed, and less - than - expected domestic demand recovery [8]. - **Alumina**: Warehouse receipts have increased again, and alumina prices are oscillating under pressure. Attention is paid to unexpected delays in ore复产 and unexpected increases in electrolytic aluminum复产 [8]. - **Aluminum**: Market sentiment is fluctuating, and aluminum prices continue to rise. Attention is paid to macro risks, supply disruptions, and less - than - expected demand [8]. - **Zinc**: The prices of black series have rebounded again, and zinc prices are oscillating. Attention is paid to risks of macro - direction change and unexpected increases in zinc ore supply [8]. - **Lead**: Supply disruptions in recycled lead have led to a slight rebound in lead prices. Attention is paid to supply - side disruptions and slowdown in battery exports [8]. - **Nickel**: LME nickel inventories are high, and nickel prices are oscillating widely. Attention is paid to unexpected macro and geopolitical changes, Indonesian policies, and less - than - expected supply release [8]. - **Stainless Steel**: Nickel - iron prices continue to rise, and stainless steel futures are oscillating upwards. Attention is paid to Indonesian policies and unexpected increases in demand [8]. - **Tin**: The ore supply is still tight, and tin prices are oscillating. Attention is paid to the expected复产 in Wau and changes in demand improvement expectations [8]. - **Industrial Silicon**: Market sentiment is fluctuating, and silicon prices are oscillating. Attention is paid to unexpected supply - side production cuts and unexpected increases in photovoltaic installations [8]. - **Lithium Carbonate**: The market direction is unclear, and lithium carbonate prices are oscillating. Attention is paid to less - than - expected demand, supply disruptions, and new technological breakthroughs [8]. 3.2.6 Energy and Chemicals - **Crude Oil**: Geopolitical expectations are fluctuating, and attention is paid to the risk of Russian oil. OPEC + production policy and Middle - East geopolitical situation are the focus [10]. - **LPG**: Supply pressure continues, and the cost side dominates the rhythm. Attention is paid to the cost progress of crude oil and overseas propane [10]. - **Asphalt**: It has broken through the important support level of 3500, and futures prices are moving in the direction of least resistance. Attention is paid to unexpected demand [10]. - **High - Sulfur Fuel Oil**: The contradiction between strong cracking and weak premium persists. Attention is paid to crude oil and natural gas prices [10]. - **Low - Sulfur Fuel Oil**: Futures prices follow crude oil and oscillate weakly. Attention is paid to crude oil and natural gas prices [10]. - **Methanol**: Supported by coal but suppressed by olefins, methanol is oscillating. Attention is paid to macro - energy and upstream and downstream device dynamics [10]. - **Urea**: Domestic supply and demand cannot provide strong support, and export - driven is less than expected. Attention is paid to export policy trends and elimination of production capacity [10]. - **Ethylene Glycol**: Coal is strong and oil is weak, and supply pressure increases. Attention is paid to frequent changes in overseas devices affecting port arrivals [10]. - **PX**: Cost support is insufficient, confidence is under pressure, and its fundamental driving force is limited. Attention is paid to significant fluctuations in crude oil, macro - changes, and unexpected PTA device maintenance [10]. - **PTA**: Scheduled maintenance cannot boost processing fees, and prices are still suppressed by costs. Attention is paid to wide - range cost fluctuations, unexpected device maintenance, and unexpected polyester production reduction [10]. - **Short - Fiber**: Downstream demand has slightly improved, and attention is paid to the sustainability of inventory reduction. Attention is paid to the purchasing rhythm and production start - up of downstream yarn mills [10]. - **Bottle Chips**: Overall demand is sluggish, and the repair height of processing fees is limited. Attention is paid to unexpected production increase of bottle - chip enterprises and a surge in overseas export orders [10]. - **Propylene**: It mainly follows market fluctuations and oscillates in the short term. Attention is paid to oil prices and domestic macro - situation [10]. - **PP**: Fundamental support is limited, and PP oscillates weakly. Attention is paid to oil prices and domestic and overseas macro - situation [10]. - **Plastic**: Upstream and mid - stream inventories are accumulating, and plastic oscillates weakly. Attention is paid to oil prices and domestic and overseas macro - situation [10]. - **Styrene**: Commodity sentiment has improved, and attention is paid to the implementation of policy details. Attention is paid to oil prices, macro - policies, and device dynamics [10]. - **PVC**: There is cost support, and the futures market oscillates. Attention is paid to expectations, costs, and supply [10]. - **Caustic Soda**: Spot prices have stabilized, and caustic soda oscillates temporarily. Attention is paid to market sentiment, production start - up, and demand [10]. - **Oils and Fats**: It oscillated and adjusted yesterday, waiting for further information guidance. Attention is paid to US soybean weather and Malaysian palm oil production and demand data [10]. - **Protein Meal**: There is concern about the supply shortage in the fourth quarter. Attention is paid to US soybean weather, domestic demand, macro - situation, and China - US and China - Canada trade wars [10]. - **Corn/Starch**: The number of incoming vehicles has returned to a low level, and futures have stabilized and rebounded. Attention is paid to less - than - expected demand, macro - situation, and weather [10]. - **Pigs**: Spot prices are still weak, and expectations support the futures market. Attention is paid to breeding sentiment, epidemics, and policies [10]. 3.2.7 Agriculture - **Rubber**: Market sentiment is okay, and rubber prices are rising slowly. Attention is paid to production - area weather, raw material prices, and macro - changes [10]. - **Synthetic Rubber**: It oscillates within a range. Attention is paid to significant fluctuations in crude oil [10]. - **Pulp**: Futures are running stably, and attention is paid to low - buying opportunities in the far - month contracts. Attention is paid to macro - economic changes and fluctuations in US - dollar quotes [10]. - **Cotton**: Low inventory supports cotton prices, and attention is paid to marginal changes in demand. Attention is paid to demand and inventory [10]. - **Sugar**: Supply pressure is increasing marginally, and sugar prices are under pressure and weakening. Attention is paid to imports [10]. - **Logs**: It oscillates within a narrow range. Attention is paid to shipping volume and dispatch volume [10].
全球前瞻丨美俄元首将在阿拉斯加举行会晤,《山河为证》本周五公映
Sou Hu Cai Jing· 2025-08-11 04:08
本周8月11日至8月17日: 据央视新闻,当地时间8月9日,俄罗斯总统助理乌沙科夫表示,俄罗斯总统普京与美国总统特朗普将于当地时间8月15日在阿拉斯加举行会晤。此 次"特普会"将不仅是2021年6月以来俄美领导人首次面对面会晤,也是2019年在二十国集团峰会期间见面后,特朗普和普京再次面对面会晤。 据公开信息和日程安排,美国将于8月12日和8月14日分别发布7月的居民消费价格指数(CPI)和工业品出厂价格指数(PPI)。同时,多位美联储 官员也已安排在本周发表讲话,为8月21日至23日召开的杰克逊霍尔央行年会做准备。 当地时间8月17日,玻利维亚将举行总统选举。据新华社此前报道,今年4月3日,玻利维亚最高选举法院正式宣布将于今年8月17日举行全国大选, 此次选举将决定未来五年政府及立法大会的组成架构。 特朗普8日早些时候在白宫表示,他相信普京和乌克兰总统泽连斯基都希望和平,称俄乌和平协议可能涉及双方"交换各自控制的一些领土"。 就会晤一事,俄罗斯卫星通讯社援引俄总统助理乌沙科夫的话报道,普京和特朗普将集中讨论乌克兰危机的长期和平解决方案。接下来几天,双方 将就会晤的具体安排进行接洽。彭博社此前报道说,美国和俄 ...
五矿期货贵金属日报-20250811
Wu Kuang Qi Huo· 2025-08-11 01:31
1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - Trump's key appointments to the Fed's理事 positions will pressure the Fed into a further easing cycle, which is a continuous positive factor for gold and silver prices [1]. - The market has increased its expectations for the Fed's subsequent loose monetary policy. The Fed is likely to implement further loose monetary policies due to Trump's personnel appointments and significantly lower - than - expected employment data. It is recommended to buy precious metals on dips. The reference operating range for the main contract of Shanghai Gold is 777 - 801 yuan/gram, and for the main contract of Shanghai Silver is 9081 - 9520 yuan/kilogram [1][2]. 3. Summary by Related Catalogs Market Quotes - **Domestic Futures**: Shanghai Gold (Au) rose 0.12% to 786.80 yuan/gram, and Shanghai Silver (Ag) rose 0.02% to 9279.00 yuan/kilogram. Au(T + D) closed at 783.27 yuan/gram, up 0.16%; Ag(T + D) closed at 9249.00 yuan/kilogram, up 0.27% [1][3]. - **International Futures**: COMEX gold fell 0.82% to 3462.70 dollars/ounce, and COMEX silver fell 0.12% to 38.50 dollars/ounce. London gold rose 0.31% to 3394.15 dollars/ounce, and London silver fell 0.22% to 38.29 dollars/ounce [1][3]. - **ETF Holdings**: SPDR Gold ETF holdings increased by 0.06% to 959.64 tons, and SLV Silver ETF holdings decreased by 0.80% to 14990.80 tons [3]. - **Other Market Indicators**: The 10 - year US Treasury yield was 4.27%, and the US dollar index was 98.22. The Dow Jones Index rose 0.47%, the S&P 500 rose 0.78%, and the Nasdaq Index rose 0.98% [1][3]. Market Outlook - Trump's appointment of Milan as a Fed理事 and the potential selection of Waller as the new Fed chairman will increase Trump's influence on the Fed's monetary policy, putting pressure on the Fed to cut interest rates. Fed理事 Bowman supports interest rate cuts in the remaining three policy meetings this year [1]. - The market expects an 89.3% probability of a 25 - basis - point interest rate cut by the Fed in September and a 53.5% probability of a further rate cut in October [2]. Key Data Summary of Gold and Silver - **Gold**: COMEX gold's closing price (active contract) was 3458.20 dollars/ounce, down 0.70%; trading volume increased by 28.40% to 31.25 million lots; open interest increased by 0.99% to 44.96 million lots; inventory decreased by 0.22% to 1200 tons [5]. - **Silver**: COMEX silver's closing price (active contract) was 38.51 dollars/ounce, down 0.05%; open interest decreased by 5.32% to 16.13 million lots; inventory increased by 0.07% to 15754 tons [5]. Price and Volume Charts - Multiple charts show the relationship between the prices, trading volumes, and open interests of COMEX gold, Shanghai gold, COMEX silver, and Shanghai silver, as well as their historical trends and near - far month structures [7][9][11]