Group 1 - International gold prices have reached a new historical high, with COMEX gold hitting $3552.4 per ounce, surpassing the previous peak of $3534.1 set in early August [1] - In August, international precious metals showed strong performance, with gold increasing by 4.78% and silver rising by 8.12%, closing at $3446.805 and $39.67 per ounce respectively [2] - COMEX silver prices also surged, reaching $41.480 per ounce, marking a new record [3] Group 2 - The recent rise in gold and silver prices is attributed to various factors, primarily driven by risk aversion and speculation regarding the Federal Reserve's monetary policy [4][5] - The expectation of a more accommodative monetary policy from the Federal Reserve has increased the likelihood of a rate cut in September, leading to a decline in the dollar index and a subsequent rise in gold prices [5] - The industrial demand for silver is projected to exceed 55%, particularly due to its applications in the renewable energy and electronics sectors, contributing to upward price pressure [5] Group 3 - Short-term forecasts suggest that precious metal prices may remain strong due to increasing expectations of further rate cuts by the Federal Reserve and rising geopolitical uncertainties [6] - Technical analysis indicates that COMEX gold may target the $3550 region, while COMEX silver could face resistance around $42 [6] - Market volatility is influenced by the Federal Reserve's monetary policy changes and geopolitical tensions, with a focus on upcoming employment statistics and the Fed's policy meeting [7]

FICC日报 | 2025-09-02 美联储降息预期升温，关注贵金属 市场分析 8月海外通胀上升迹象初显。全球7月的经济数据仍有韧性：中国7月官方制造业PMI回落至49.3，非制造业保持扩 张；中国7月按美元计出口同比增长7.2%，高于预期，主要受去年低基数和"抢出口"效应支撑；金融数据中，货币 供给超预期，但融资和贷款数据仍弱；经济数据中，投资数据仍有明显压力，国内月频经济数据仍有压力。国务 院第九次全体会议强调，采取有力措施巩固房地产市场止跌回稳态势，培育壮大服务消费，加力扩大有效投资。 中共中央、国务院印发关于推动城市高质量发展的意见。意见提出，发展组团式、网络化的现代化城市群和都市 圈，持续推动城镇老旧小区改造。商务部宣布，将于9月出台扩大服务消费的若干政策措施。中国8月官方制造业 PMI小幅回升至49.4，新订单指数升至49.5，非制造业加速扩张。9月1日，"上海合作组织＋"会议在天津梅江会展 中心举行。A股全天震荡分化，沪指窄幅盘整，创业板午后涨2%。算力硬件股再度爆发，CPO等方向领涨。黄金 股大涨，医药股强势反弹，芯片半导体股继续活跃。国债反弹，黑色系商品下跌。股指的IC和IM期货基差有所走 ...

Group 1: Energy and Metals Crude Oil - Brent crude's November contract rose 1.04% overnight. Mid - term supply - demand is loose, but short - term net long positions of funds are low, making oil prices sensitive to geopolitical positives. Consider shorting SC's November contract on rallies and use out - of - the - money call options for protection [1] Precious Metals - Rising Fed rate - cut expectations and concerns about Fed independence boost precious metals. International gold prices may hit new highs. Hold long positions and focus on US non - farm payrolls data on Friday [2] Copper - Overnight, copper prices oscillated and closed lower. The probability of short - term copper prices breaking through the 80,000 - yuan mark and expanding the upward trend is increasing. Hold short - term long positions based on the MA5 moving average and pay attention to the rise in the premium of the 2510 contract's call option with a strike price of 82,000 yuan [3] Aluminum - Overnight, Shanghai aluminum oscillated. Downstream开工率 has been rising seasonally for four weeks, and inventory is likely to be low this year. However, the inventory of aluminum ingots and bars increased slightly at the beginning of the week. The short - term trend is oscillatory, with resistance at the 21,000 - yuan area [4] Cast Aluminum Alloy - Cast aluminum alloy follows Shanghai aluminum. The spot - to - Shanghai aluminum cross - variety spread may narrow further due to tight scrap aluminum supply and expected tax policy adjustments [5] Alumina - Alumina's operating capacity is at a historical high, with rising inventory and warehouse receipts. Supply surplus is emerging, and the northwest tender price has dropped significantly. It is in a weak trend but may not fall deeply after breaking through the cost of high - cost production capacity. Pay attention to the support at the June low of 2830 yuan to the 3000 - yuan mark [6] Zinc - SMM's zinc social inventory rose to 146,300 tons, pressuring zinc prices. In September, smelter maintenance will increase, and zinc output is expected to decrease. LME zinc inventory is low, and there is strong support at the 22,000 - yuan mark. It is expected to oscillate in the "Golden September and Silver October" season. Consider shorting on rebounds in the medium - term at the 23,000 - 23,500 - yuan range [7] Nickel and Stainless Steel - Shanghai nickel rebounded sharply. Concerns about political unrest in Indonesia may push up the price of the nickel industry chain. Short - term trading should be oscillatory, suspending the short - selling strategy [9] Tin - After strong two - way fluctuations, tin prices closed with a positive line overnight. LME Singapore warehouse inventory increased. There is a shortage of concentrate in the domestic tin market. Hold short - term long positions based on the 271,000 - yuan level and avoid chasing the rise [10] Lithium Carbonate - Lithium carbonate futures oscillated weakly. Total market inventory decreased slightly to 141,000 tons. The market is focused on the 930 - term expectation. Adopt a bullish strategy with risk control [11] Industrial Silicon - Industrial silicon futures rose slightly, driven by polysilicon sentiment. In September, supply surplus is expected to intensify. Temporarily observe the support at 8300 yuan/ton. If it breaks, consider short - selling lightly [12] Polysilicon - Polysilicon futures rose significantly due to a leading company's "industry restructuring plan" and the "self - discipline production limit" in September. The policy's short - term implementation needs verification. Pay attention to the resistance at 53,000 yuan/ton and control positions [13] Group 2: Steel and Iron Ore Rebar and Hot - Rolled Coil - Night - session steel prices continued to decline slightly. Rebar's apparent demand improved, but inventory accumulated. Hot - rolled coil's demand and output declined, and inventory also increased. The market is under short - term pressure, and pay attention to the improvement in building material demand [14] Iron Ore - Iron ore's overnight futures oscillated. Global shipments reached a new high this year, and domestic arrivals rebounded. Iron - water production may decline significantly this week. It is expected to oscillate at a high level [15] Coke - Coke prices rebounded at the end of the session. The first round of price cuts was partially implemented. Inventory decreased slightly, and the market is affected by the "anti - involution" policy. Prices are under short - term pressure [16] Coking Coal - Coking coal prices mainly declined during the session and rebounded at the end. Total inventory decreased, and production - end inventory increased. It is affected by the "anti - involution" policy, and prices are under short - term pressure [17] Silicomanganese - Silicomanganese prices oscillated downwards and rebounded at the end. Demand is good, and manganese ore prices have limited downside. Observe the support at the previous low [18] Ferrosilicon - Ferrosilicon prices oscillated downwards and rebounded at the end. Demand is okay, and supply has increased significantly, with inventory slightly decreasing [19] Group 3: Shipping and Energy - Related Products Container Freight Index (European Line) - Spot market freight rates are in a downward channel. The impact of geopolitical events on the market is short - term. The market is under pressure. Pay attention to airlines' empty - sailing plans for the National Day Golden Week. If the scale is smaller than last year, the market may decline further [20] Fuel Oil and Low - Sulfur Fuel Oil - As of the end of July, Singapore and China's bunker fuel sales decreased year - on - year, and domestic refinery production enthusiasm was low. LU is under pressure, while FU is relatively stronger due to geopolitical premiums [21] Asphalt - Factory and social inventories of asphalt continued to decline. Asphalt futures rose against the trend. It is expected to oscillate strongly in the short - term. Consider a spread strategy of going long on the crack spread between BU and SC10 [22] Liquefied Petroleum Gas - September's CP was stable. After the gas off - season, it showed some resilience. Import costs and domestic demand rebounded, supporting the spot price. The short - term futures market is stronger in the near - term and weaker in the far - term [23] Group 4: Chemical Products Urea - Urea's daily output decreased slightly but remained high year - on - year. Some compound fertilizer enterprises limited production, and agricultural fertilizer preparation was slow. Inventory at production enterprises increased. During India's tender period, the market sentiment may change [24] Methanol - Methanol's autumn maintenance is ending, and domestic supply is increasing, with production enterprises accumulating inventory. However, downstream demand is expected to improve due to better economics and pre - holiday stocking, so the market outlook is positive [25] Pure Benzene - Pure benzene prices continued to be weak, breaking through 6000 yuan/ton at night. Supply increased, demand was weak, and the port inventory increased slightly. There is an expectation of supply - demand improvement in the third quarter, but pay attention to the downstream rhythm [26] Styrene - Styrene's trend is weak. Crude oil may fluctuate widely, and pure benzene may be weak, providing no support. Demand is weak, supply is high, and inventory has increased significantly, resulting in a weak fundamental situation [27] Polypropylene, Plastic, and Propylene - Propylene production enterprises have controllable inventory pressure, but downstream acceptance of price increases is limited. Ethylene's downstream demand is mixed, and polypropylene's supply pressure is increasing, with weak downstream orders [28] PVC and Caustic Soda - PVC is weak due to high supply and low demand. Caustic soda is relatively strong, but the profit is good, so future supply may increase. PVC is expected to oscillate weakly, and caustic soda may oscillate widely [29] PX and PTA - Night - session PX drove PTA to rise first and then fall, oscillating. Terminal demand is improving, but the actual supply - demand improvement is limited. Pay attention to device dynamics, oil prices, and polyester's production increase [30] Ethylene Glycol - Ethylene glycol's night - session price dropped to the 4400 - yuan mark. Domestic production increased, and port inventory rose slightly. It is expected to oscillate within a range. Pay attention to policies and the peak - season demand [31] Short - Fiber and Bottle Chip - Short - fiber's supply - demand is stable, and its price follows the cost. New capacity this year is limited, and the peak - season demand may boost the market. Bottle - chip has long - term over - capacity issues. Pay attention to petrochemical policies [32] Group 5: Agricultural Products Soybean and Soybean Meal - Last night, soybean meal futures increased in position and oscillated upwards. Globally, the "crushing for oil" pattern is emerging. Domestically, import costs limit the decline of soybean meal. Supply is sufficient in the fourth quarter but may be short in the first quarter of next year. The market may oscillate in the short - term and is cautiously bullish in the long - term [36] Soybean Oil and Palm Oil - Overnight, soybean oil and palm oil rebounded. Short - term price declines released negative factors, and concerns about supply in Indonesia exist. Domestic soybean supply is loose in the near - term and uncertain in the far - term. Palm oil may enter a production - reduction cycle in the fourth quarter. Consider buying on dips in the long - term [37] Rapeseed and Rapeseed Oil - The Canadian rapeseed futures market was closed. Global rapeseed supply will be seasonally loose. China's rapeseed supply - demand is expected to be in a tight - balance state. Rapeseed futures may stabilize in the short - term [38] Soybean No. 1 - After recent price declines, the price of domestic soybean futures rebounded as short - sellers reduced positions. Policy - driven auctions increased supply. New soybeans are expected to have a good harvest. Pay attention to the new - season opening price [39] Corn - Dalian corn futures rose last night. New - season corn may have a good harvest. Short - term, the market may oscillate stably. After the new - grain purchase enthusiasm fades, it may decline at the bottom [40] Live Pigs - Live - pig futures opened high and closed low on Monday. The pig - grain ratio is below 6:1. Supply is expected to increase in September, but demand may also rise during holidays. The price is under downward pressure. Pay attention to policies and supply release [41] Eggs - Egg futures increased in position on Monday. Spot prices did not rise strongly in the autumn semester. Old - hen culling increased, and chick replenishment was low in August. Consider long positions in far - month contracts next year and pay attention to short - sellers' exit in near - month contracts [42] Cotton - US cotton oscillated weakly last week. US cotton signing data improved. China - US negotiations are ongoing. Brazilian cotton's harvest is slow but the yield is expected to be good. Zhengzhou cotton is expected to oscillate, with strong support below. Buy on dips [43] Sugar - Overnight, US sugar oscillated. Brazilian sugar production may remain high. In China, domestic sugar sales are fast, and inventory pressure is low. The 25/26 sugar - cane production in Guangxi is uncertain. Sugar prices are expected to oscillate [44] Apples - Apple futures oscillated at a high level. Early - maturing apples have high prices, but the supply in the 25/26 season may not change much. The price may rise in the short - term but lacks long - term bullish factors. Temporarily observe [45] Wood - Wood futures oscillated. Foreign prices rose, but domestic prices increased slightly. Imports may remain low, and inventory pressure is small. The supply - demand situation improved, but peak - season demand has not started. Temporarily observe [46] Pulp - Pulp futures rose slightly yesterday. Port inventory declined slightly, but it is still high year - on - year. Supply is relatively loose, and demand is average. Temporarily observe or trade within a range [47] Group 6: Financial Products Stock Index - The stock market oscillated strongly yesterday, with the ChiNext Index performing well. Futures contracts of stock indices rose. Shanghai's mortgage policy was adjusted. The market has an optimistic expectation of factors such as Fed rate cuts. Increase allocation to the technology - growth sector and also pay attention to consumption and cyclical sectors [48] Treasury Bonds - Treasury bond futures rose across the board. The "stock - bond seesaw" effect is weakening. In September, domestic monetary policy may be loosened. The yield curve is expected to steepen [49]

近期美元指数的走势可以说相当纠结，周二（9月2日）亚盘时段虽然小幅反弹，但整体仍处于五周低点附近徘徊。这种不上不下的状 态，其实反映出市场正处在一种"等待模式"中——大家都在观望几项关键数据和事件的结果，不敢轻易押注方向。 从技术分析的角度来看，美元指数目前似乎被框在了一个区间内。上方的阻力首先在97.85-97.90一带，更重要的位置则在98.00-98.05区 间；而下方的支撑则位于97.50-97.55附近，如果跌破，可能进一步下探97.35-97.40区域。这种技术形态其实也和基本面相互印证——在 重要数据公布之前，市场大概率会维持这种震荡格局，很难出现单边突破。 当前美元走势的核心逻辑就是"等待与观望"。在周五非农数据出炉之前，市场大概率会继续维持这种区间震荡的走势。对于市场参与者 而言，现阶段或许更适合控制仓位、管理风险，而不是基于预期进行大幅操作。毕竟，在一个由数据和事件主导的市场里，保持耐心和 灵活性总是没错的。 除了经济数据，一些政治层面的事件也在影响着市场情绪。比如最近特朗普总统与美联储理事库克之间的纠纷，就让不少投资者开始关 注美联储的独立性会不会受到影响。虽然美联储一直强调其决策不受政 ...

1. Report Industry Investment Ratings Macro Finance - **Index Futures**: Bullish in the short - term, suggest tilting towards IF or IH to reduce risk [1] - **Treasury Bonds**: Limited upside due to short - term central bank interest rate risk warning, but asset shortage and weak economy are favorable [1] - **Gold**: Bullish due to safe - haven demand and interest rate cut expectations [1] - **Silver**: Bullish, following gold with stronger elasticity [1] Non - ferrous Metals - **Copper**: Expected to be strong due to Fed interest rate cut expectations and potential supply tightness [1] - **Aluminum**: Trading in a range, affected by domestic consumption off - season and Fed interest rate cut expectations [1] - **Alumina**: Weak fundamentals, but look for long - position opportunities in far - month contracts [1] - **Zinc**: Limited downside, be cautious about short - selling [1] - **Nickel**: Short - term rebound with macro factors, long - term surplus pressure exists [1] - **Stainless Steel**: Short - term trading in a range, look for selling - hedging opportunities [1] - **Tin**: Stronger in the short - term with improved macro sentiment [1] - **Silicon for Mining**: Bearish due to supply resumption and hedging pressure [1] - **Polysilicon**: Bearish with capacity reduction expectations and low terminal installation willingness [1] Black Metals - **Rebar**: Trading in a range, neutral valuation, unclear industrial drivers, positive macro drivers [1] - **Hot - Rolled Coil**: Trading in a range, neutral valuation, unclear industrial drivers, positive macro drivers [1] - **Iron Ore**: Near - month contracts restricted by production cuts, far - month contracts have upward potential [1] - **Coking Coal**: Bearish, long - term anti - involution, weak short - term fundamentals [1] - **Coke**: Bearish, long - term anti - involution, weak short - term fundamentals [1] - **Glass**: Bearish, supply surplus pressure persists [1] - **Soda Ash**: Bearish, supply surplus pressure is large, price under pressure [1] Agricultural Products - **Palm Oil**: Hold off on new positions, expect short - term consolidation [1] - **Soybean Oil**: Hold off on new positions, similar logic to palm oil [1] - **Rapeseed Oil**: Hold off on new positions, affected by ICE rapeseed price and trade policies [1] - **Cotton**: Bullish in the short - term, pay attention to time window and quota release [1] - **Sugar**: Bullish but with limited upside, pay attention to the 5600 - 6000 range [1] - **Corn**: Expected to trade at a low level in the short - term, pay attention to new grain listing [1] - **Soybean Meal**: Limited downside, expected to trade in a range [1] - **Pulp**: Consider 11 - 1 calendar spread [1] - **Logs**: Expected to trade in the 820 - 840 yuan/m³ range [1] - **Hogs**: Bearish due to increasing supply and decreasing cost [1] Energy and Chemicals - **Crude Oil**: Trading in a range, affected by Indian procurement, OPEC+ production, and tariff issues [1] - **Fuel Oil**: Trading in a range, similar factors as crude oil [1] - **Asphalt**: Short - term following crude oil, long - term demand may be overestimated [1] - **Shanghai Rubber**: Affected by rainfall, inventory, and market sentiment [1] - **BR Rubber**: Pay attention to inventory and autumn maintenance [1] - **PTA**: Bearish due to production recovery and downstream maintenance expectations [1] - **Short - fiber**: Affected by industry reform rumors, supply and demand changes [1] - **Styrene**: Affected by industry reform rumors and market trading volume [1] - **PE**: Price oscillating weakly, affected by export, domestic demand, and cost [2] - **PVC**: Trading in a range, affected by maintenance, orders, and inventory [2] - **Olefins**: Driven by market rumors and supply - demand changes [2] - **FEI**: Rebound due to multiple factors, pay attention to warehouse receipt cancellation [2] - **US Freight**: Supply exceeds demand, freight rate declining [2] 2. Core Viewpoints The report provides a comprehensive analysis of various industries and commodities. In general, the macro - financial environment has a significant impact on the market. The Fed's interest rate cut expectations, asset shortage, and weak economic conditions are important factors affecting the prices of financial and commodity assets. For different industries, factors such as supply and demand, production capacity, inventory, and market sentiment all play crucial roles in determining price trends. Some commodities are expected to be strong due to positive factors like supply tightness or increased demand, while others face downward pressure because of oversupply, weak demand, or policy - related risks [1][2]. 3. Summary by Industry Macro - financial Industry The overall macro - financial environment is complex. The stock index is supported by sufficient market liquidity, while treasury bonds are affected by both favorable long - term factors and short - term interest rate risk warnings. Precious metals are driven by safe - haven demand and interest rate cut expectations [1] Non - ferrous Metals Industry Supply and demand dynamics, along with macro - economic factors and geopolitical events (such as labor unrest in Indonesia), are the main drivers of non - ferrous metal prices. Some metals are expected to be strong due to supply concerns or positive macro sentiment, while others face challenges from oversupply or weak domestic demand [1] Black Metals Industry The black metals industry is facing supply - demand imbalances, with high inventory levels and weak demand in some segments. Anti - involution is a long - term issue, and the market is trying to balance supply and demand by adjusting prices [1] Agricultural Products Industry Prices of agricultural products are affected by factors such as seasonality, international trade policies, and supply - demand relationships. Some products are expected to be strong in the long - term but may experience short - term corrections, while others are trading in a range or facing downward pressure [1] Energy and Chemicals Industry The energy and chemicals industry is influenced by global supply - demand dynamics, production capacity changes, and market rumors. Crude oil prices are affected by OPEC+ production decisions and international trade issues, while chemical products are affected by factors such as production recovery, inventory changes, and industry reform rumors [1][2]

2025-09-01，沪铜主力合约开于 79670元/吨，收于 79780元/吨，较前一交易日收盘0.47%，昨日夜盘沪铜主力合约 开于 79640元/吨，收于 79660元/吨，较昨日午后收盘下跌0.15%。 新能源及有色金属日报 | 2025-09-02 9月精铜产量或受较大干扰 铜价逐步走强 市场要闻与重要数据 期货行情： 现货情况： 据 SMM 讯，昨日SMM 1#电解铜现货对当月2509合约报价升水150-320元/吨，均价升水235元/吨，较前一日跌15 元/吨，现货价格区间为79710-80090元/吨。早间沪铜自79650元/吨震荡下行至79540元/吨后企稳回升，午前重返 79690元/吨。隔月合约价差在BACK10-40元/吨波动，当月进口亏损约150元/吨。市场交投氛围偏淡，铜价走高抑 制下游采购意愿，品牌间价差显著。持货商早间报平水铜升水180元/吨左右，后调至160-170元/吨成交；常州地区 自150元/吨降至120-130元/吨。至第二交易时段，流通现货偏紧，因贸易商惜售，金川、贵溪等好铜货源稀缺，升 水坚守300元/吨以上。预计周初上海社库延续去库，虽进口到货略有增加，但供应偏 ...

Group 1 - The spot gold price has surpassed $3500, reaching a new historical high of $3501.030 per ounce, with a daily increase of 0.74% [1] - On September 1, international gold prices saw significant increases, with the New York Commodity Exchange's December delivery gold price briefly exceeding $3550 per ounce, marking a historical peak [3] - The domestic gold jewelry prices have also risen, with brands like Lao Miao and Chow Tai Fook increasing their prices by 11 and 10 CNY per gram respectively [3] Group 2 - The U.S. job market is showing signs of weakness, contributing to rising expectations for a Federal Reserve interest rate cut, with an 89.7% probability of a 25 basis point cut in September according to the CME FedWatch Tool [5] - The international gold price has experienced a notable upward trend, with an overall increase of over 5% in August, marking the best monthly performance since April [5]

【#黄金突破3500美元#】#1克金饰1天涨了16元#刚刚，现货黄金盘中突破3500美元，超过今年4月22 日，再创历史新高。截至发稿，报3501.030美元/盎司，日内涨0.74%。2日，国内金饰价格也有较大幅 度增长，周生生为1041元/克，较前日上涨16元，老庙黄金为1034元，单日上涨11元。美国就业市场趋 于疲软是美联储降息预期升温的原因之一。按照计划，美国将于本周五公布8月非农就业数据，分析人 士表示，这份报告将成为衡量美国经济健康状况的重要指标，并可能影响市场对于美联储的降息预期。 近期，在市场避险情绪升温等多重因素的支撑下，国际金价涨势明显，整个8月，国际金价累计涨幅超 过5%，创下今年4月以来的最佳单月表现。（中新经纬 央视财经 视频来源:合新闻） 转自：京报网_北京日报官方网站 ...

而今日的黄金回收价也是大涨6.2元/克。同时各品牌回收差价很大，小金大致整理了几个，详见下表，数据仅供参考： | 今日金店黄金回收价格一览(2025年9月2日) | | | | --- | --- | --- | | 回收报价 | 今日金价 | 单位 | | 黄金 | 791. 40 | 元/克 | | 菜自黄金 | 796. 90 | 元/克 | | 周生生黄金 | 789. 20 | 元/克 | | 周大福黄金 | 795. 50 | 元/克 | | 老凤祥黄金 | 804. 20 | 元/克 | 说完国内黄金价格，我们再来讲讲国际金价情况： 具体各大品牌金店最新价格见下表格： | | | 今日金店黄金价格一览(2025年9月2日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 1034 | 元/克 | 11 | 涨 | | 六福黄金价格 | 1037 | 元/克 | 10 | 涨 | | 周大福黄金价格 | 1037 | 元/克 | 10 | 涨 | | 周六福黄金价格 | 1013 | ...

黄金昨天猛涨50美金，延续上周的涨势，不改加速冲刺走势。今天续涨，再破高，涨破3500，涨幅达到 了70美金，回落看调整。 今天的走势 昨天快涨，破高回落调整后。 今天延续涨势，多头不停。 直接闯关3500，一举涨到了3508。 上方再次反弹，上方再战3508，破高不猜顶。 当然了，加速阶段，随时迎来大幅回调。 下方再次回调，跌破了3470的位置，继续看向3436的支撑。 黄金4个月连涨，刷新历史新高后。到8月收官，经历了4个月横盘，围绕3300关口高位调整后，再次上 破，多头强势归来。本月再创历史新高后，强势不改，上不猜顶。同时，多头加速阶段，随时谨防大幅 回调，可看3400的位置。 操作方面，黄金强势不改，多头接连破高，继续看反弹的机会，关注3470和3436做多的机会。此外，黄 金冲高回落，短期内看承压调整，关注3508做空的机会。 昨天主要因素： 一方面，美通胀不改，但劳动力市场却意外下滑，昨天再次大幅下修，就业市场着实出现了问题。多个 数据表现，把压力给到了美联储，降息的预期不断升温，9月或正式开启降息大门，黄金迎来大幅反 弹。 冲高回落，看调整。 下方先看3470的位置，看此位置反弹的机会。 同时 ...