Investment Ratings - The steel industry is rated as "Neutral" while the non-ferrous metals industry is rated as "Positive" [3] - Specific companies such as Luoyang Molybdenum (603993), Zhongjin Gold (600489), Shandong Gold (600547), Zijin Mining (601899), and China Aluminum (601600) are rated as "Buy" [3] Core Insights - The steel market is experiencing a seasonal downturn, with expectations of declining demand for construction materials and sheet steel, leading to a potential inventory accumulation cycle [1][18] - Copper prices are supported by tight supply at the mine level, but the overall demand remains weak during the off-season [1][41] - Aluminum prices are expected to fluctuate in the short term due to domestic low inventory supporting prices, despite some downstream sectors showing signs of weakness [1][50] - Gold prices are bolstered by international trade tensions, expectations of U.S. interest rate cuts, and geopolitical factors [2][54] - The lithium market faces oversupply pressures, with significant inventory levels expected to keep prices weak [2][57] Industry Summaries Steel Industry - Demand has weakened, with a notable decrease in terminal procurement volumes, down 14.62% week-on-week and 6.41% year-on-year as of June 6 [19] - Steel production from major varieties was 8.8038 million tons, a slight decrease of 0.05% from the previous week [21] - The total steel inventory increased by 0.26% week-on-week, but decreased by 20.97% year-on-year [27] Copper Industry - The copper market is influenced by U.S.-China trade tensions, with the first meeting of trade negotiations expected to impact copper prices significantly [41] - As of June 6, LME copper prices were $9,800 per ton, reflecting a 1.79% increase from the previous week [48] Aluminum Industry - The aluminum sector is facing pressure from rising costs due to higher alumina prices, while some downstream demand is weakening [50] - As of June 6, LME aluminum prices were $2,400 per ton, down 0.55% from the previous week [51] Gold Industry - Gold prices are supported by various macroeconomic factors, including rising U.S. debt and geopolitical tensions [2][54] - As of June 6, COMEX gold closed at $3,331 per ounce, up 0.54% from the previous week [54] Lithium Industry - The lithium market is characterized by significant inventory pressure, with prices expected to remain weak due to oversupply [57] - As of June 6, battery-grade lithium carbonate prices were 60,700 yuan per ton, down 1.30% from the previous week [58] Rare Earth and Minor Metals - Prices for light rare earths have shown an increase, with praseodymium-neodymium oxide priced at 449,000 yuan per ton as of June 6, up 2.51% [68]

Group 1 - Gold prices have seen a slight increase, currently trading around $3317.62 per ounce, supported by safe-haven buying due to unrest in Los Angeles [1] - Last week, gold prices experienced volatility, initially rising nearly 3% to around $3380, before fluctuating due to poor U.S. economic data and optimistic international trade news [1] - The U.S. dollar rose by 0.47% to 99.20, influenced by better-than-expected employment growth in May, which may delay potential interest rate cuts by the Federal Reserve [3] Group 2 - The technical outlook for gold shows it is trading within a range, with current prices near $3300, indicating market indecision [4] - Key resistance and support levels for gold are identified at $3330 and $3285 respectively, with potential movements towards $3355 or $3250 depending on market dynamics [4] - The interplay between expectations of the Federal Reserve's actions and global trade uncertainties is crucial for gold price movements [4]

Group 1 - The core viewpoint of the articles indicates that the slight rebound of the US dollar is limiting the upward potential of gold prices, with spot gold trading around $3372.39 [1] - Investors are closely watching the upcoming US non-farm payroll report on June 6 for clues regarding the Federal Reserve's next actions, as this data is a key indicator of labor market health and will directly impact market expectations for Fed monetary policy [1] - A weaker employment report could increase expectations for interest rate cuts, providing stronger support for gold prices, while a surprisingly strong report may exert short-term pressure on gold prices, although overall safe-haven demand is expected to remain high [1] Group 2 - The technical analysis suggests that spot gold is expected to break through the resistance level of $3388 per ounce and rise towards $3408, indicating a fifth wave in a larger upward trend that began at $3245 [1] - Support is identified at $3355, with a potential drop below this level leading to prices falling within the range of $3322 to $3344, which would indicate a reversal of the upward trend since $3245 [2] - If gold prices break through $3408 per ounce, they could potentially rise to $3440 per ounce, with the daily chart showing a breakthrough of the resistance level at $3361 per ounce [2]

Core Viewpoint - The recent U.S. court ruling against Trump's tariffs has led to a significant rebound in gold prices, highlighting the volatility and sensitivity of the gold market to geopolitical and economic developments [3][4]. Group 1: Factors Influencing Gold Prices - The initial drop in gold prices was influenced by the U.S. International Trade Court's ruling on May 28, which prohibited the enforcement of several tariff orders from the Trump administration, leading to reduced demand for gold as a safe-haven asset [3]. - The release of the Federal Reserve's meeting minutes on May 29 indicated a hawkish monetary policy stance, which dampened interest rate cut expectations and reduced the appeal of gold as a non-yielding asset, causing further price declines [3][4]. - The subsequent reversal in gold prices was driven by the U.S. Federal Appeals Court temporarily halting the previous ruling on tariffs, reigniting concerns over international trade and increasing demand for gold as a safe-haven asset [3]. - Economic data released by the U.S. Commerce Department showed a contraction in GDP by 0.2% for Q1 2025, compared to a growth of 2.4% in the previous quarter, raising concerns about economic stability and leading to a decline in the U.S. dollar index by 0.51%, making gold more attractive [3][4]. Group 2: Technical Analysis and Market Outlook - The gold market is currently experiencing a consolidation phase within a triangular range, with short-term resistance at the 3340 level; a break above this level could signal a stronger upward trend [4]. - The closing price formed a bullish candlestick pattern, indicating that bullish momentum may be stronger than bearish pressure, suggesting potential for further upward movement [4]. - Technical indicators such as the MACD are showing signs of weakening momentum, while the KDJ indicator indicates a potential downward turn, suggesting a cautious approach in the near term [4].

Group 1 - The core viewpoint of the articles indicates that the recent judicial ruling against former President Trump's global tariff policy has led to a decrease in market concerns regarding international trade, resulting in a drop in gold prices [1] - The Federal Reserve's cautious stance on interest rate cuts, as reflected in the May meeting minutes, suggests potential challenges with rising inflation and unemployment, which may further impact gold's safe-haven demand [1] - Gold prices have shown a significant decline, testing the support level around 3245, with traders advised to monitor the effectiveness of the 3210-3250 range as a critical support zone [3] Group 2 - Silver prices have experienced volatility influenced by industrial demand and macroeconomic factors, with a recommendation for short-term trading strategies focusing on buying on dips and selling on rebounds [5] - The recent price action in silver indicates a potential breakout above the resistance level of 33.45-33.5, but traders are advised to remain cautious of false breakouts [5]

Group 1 - The core viewpoint of the articles indicates a significant decline in gold prices due to a ruling by the U.S. International Trade Court that deemed Trump's "Liberation Day" tariff policy as overreach, leading to reduced market concerns about international trade tensions [2][3] - Gold prices fell to a low of $3256.32 per ounce, marking a drop of over $30 and the lowest level since May 20, as optimism regarding trade agreements improved the outlook for the U.S. economy, thereby diminishing the safe-haven demand for gold [1][3] - The U.S. dollar index rose, surpassing the 100 mark and reaching a high of 100.19, reflecting a 0.3% increase, as market sentiment turned positive regarding trade agreements [3] Group 2 - Upcoming economic data releases, including U.S. GDP and PCE price index, are expected to influence market sentiment, with short-term bearish signals for gold prices emerging [4] - Goldman Sachs recommended increasing the allocation of gold in long-term investment portfolios due to rising risks associated with U.S. institutional credibility and ongoing central bank demand [4]

Group 1: Gold Market Analysis - The gold market experienced a pullback near the 61.8% Fibonacci retracement level, leading to a decline but remained above the support level of 3284, resulting in a trading range of approximately 486 points with a long upper shadow on the daily candle [1] - The market sentiment improved due to the U.S. Federal Court ruling on Trump's tariffs, reducing concerns over international trade, which in turn diminished the safe-haven demand for gold as the dollar rebounded [1] - Today's opening saw gold prices drop over $30, reaching a low of approximately 3245, with a technical outlook indicating a primary focus on short positions following a break below the head and shoulders neckline [1] Group 2: Key Levels and Trading Recommendations - Key resistance levels are identified at 3325 and 3285, while support levels are at 3245 and 3200 [3] - The strategy suggests shorting near 3285 with a profit target of 70-100 points and a stop-loss around 3295 [3] Group 3: Euro/USD Market Insights - Eurozone economic data showed weakness, with France's Q1 GDP confirming a slight growth of 0.1% and consumer confidence in April falling below expectations, while Germany saw an unexpected increase in unemployment [6] - European Central Bank officials hinted at potential further rate cuts after the June monetary policy meeting, reinforcing expectations for monetary easing [6] - The EUR/USD pair fluctuated down to around 1.128, with a daily range of approximately 61 points and a candle showing small upper and lower shadows [6] Group 4: Key Levels and Trading Recommendations for Euro/USD - Support levels are at 1.113 and 1.118, while resistance levels are at 1.131 and 1.136 [8] - The recommendation is to enter short positions around 1.126 or 1.125 with a profit target of 30-50 points and a stop-loss at approximately 1.130 [8] Group 5: GBP/USD Market Overview - Reports indicate that long-term UK government bond yields may slightly decline in the coming months due to market expectations that the Bank of England will halt active quantitative tightening from October [11] - The GBP/USD pair traded down to around 1.345, with a daily range of approximately 71 points and a candle showing small upper and lower shadows [11] Group 6: Key Levels and Trading Recommendations for GBP/USD - Key support levels are at 1.332 and 1.336, while resistance levels are at 1.350 and 1.355 [13] - The strategy suggests shorting near 1.346 or 1.345 with a profit target of 30-50 points and a stop-loss around 1.352 [13] Group 7: GBP/JPY Market Dynamics - The GBP/JPY market showed a corrective trend with a slight increase during the U.S. session, reaching resistance at approximately 196.3, before retreating to the 38.2% Fibonacci retracement level [16] - The market remains in a bullish pattern despite the recent pullback [16] Group 8: Key Levels and Trading Recommendations for GBP/JPY - Resistance levels are at 197 and 196.4, while support levels are at 195 and 194.4 [18] - The recommendation is to buy on dips around 195.7 and 195.4 with a profit target of 40-60 points and a stop-loss near 195 [18]

Core Viewpoint - The gold market is currently influenced by the rebound of the US dollar index and a decrease in international trade tensions, with a focus on US fiscal and monetary policy outlooks. Short-term gold prices are constrained by the dollar, interest rate expectations, and economic data, while long-term trends remain bullish due to potential declines in real yields under the Federal Reserve's easing policies [1][3]. Gold Market Analysis - Gold prices experienced significant fluctuations, with a peak at 3315 before a rapid decline, reaching a low of 3250 after a major sell-off triggered by the halt of tariff policies [1][3]. - The daily chart indicates a bearish trend with a recorded daily candle, but prices remain above key support levels, suggesting a potential for stabilization and a bullish outlook in the longer term [4]. - Short-term indicators show a V-shaped recovery after touching 3250, with resistance levels identified at 3280-3290 and support at 3230-3220 [4]. Silver Market Analysis - Silver prices are also experiencing volatility, influenced by industrial demand and macroeconomic factors. Key support is at 32.5, with resistance at 34. A failure to hold the support could lead to a drop to 31.50 [6]. - The recommendation for silver trading is to focus on buying on dips while considering selling on rebounds, with short-term resistance at 33.20-33.35 and support at 32.65-32.50 [6].

Core Viewpoint - The international gold price is experiencing a pullback due to resistance at the $3500 level, with expectations of a potential rebound after testing support levels [1][3][8]. Price Movement - On May 27, gold opened at $3346.13 per ounce, reached a high of $3349.64, and then fell to a low of $3285.47 before closing at $3300.50, marking a daily decline of $45.63 or 1.36% [1]. - The price is expected to maintain a range between $2900 and $3500, with potential upward movement if it breaks through the downward trend line [10][12]. Market Influences - The rebound of the US dollar index has created downward pressure on gold prices, while easing trade tensions have also contributed to this trend [3][8]. - Positive signals regarding tariffs from the Trump administration and potential new sanctions against Russia have created mixed influences on gold prices [3][8]. Technical Analysis - The monthly chart indicates that gold remains above the May average, suggesting a bullish trend despite recent volatility [10]. - The weekly chart shows that gold has rebounded above the 5-week moving average, indicating strengthening bullish momentum [12]. - The daily chart highlights that gold is near the downward trend pressure around $3500, with a focus on whether it can maintain above recent lows for further bullish opportunities [14]. Support and Resistance Levels - Key support levels for gold are identified at $3290 and $3272, while resistance levels are at $3320 and $3340 [15]. - For silver, support is noted at $33.10 and $32.90, with resistance at $33.60 and $33.80 [15].

Group 1 - The international gold market experienced significant selling pressure, with spot gold prices dropping below the critical psychological level of $3300 per ounce, reaching a low of $3390 due to a rebound in the US dollar index and easing international trade tensions [2] - Despite a slight recovery to around $3308 driven by bargain buying, market attention remains focused on international trade dynamics, US fiscal policy outlook, and Federal Reserve monetary policy [2] - Short-term gold price movements are influenced by the US dollar, interest rate expectations, and economic data, with the $3300 level being crucial for market sentiment [2] Group 2 - The gold price faced downward pressure as it tested trendline resistance multiple times without breaking, leading to a decline and breaking the support level at $3320 [4] - On the daily chart, gold prices are consolidating at high levels around $3350, with MACD indicators showing bearish pressure, and the Bollinger Band's middle line support at $3287 is critical [4] - The four-hour chart indicates a shift from a five-wave to a three-wave structure, suggesting a corrective phase, with key resistance at $3320 and potential further declines towards the $3270-$3250 range [5]