美联储穆萨莱姆表示，长期通胀预期仍然被锚定。 ...

Group 1: International Gold Market - On Friday, international gold prices fluctuated and closed higher, opening at $3304.12 per ounce, reaching a high of $3347.59 and a low of $3274.30, ultimately closing at $3326.46 per ounce [1][10] - COMEX gold futures closed at $3329.10 per ounce [10] - The SPDR gold ETF holdings stood at 937.94 tons [12] Group 2: Currency and Monetary Policy - The onshore RMB against the USD closed at 7.2461, down 106 basis points from the previous trading day, with a weekly increase of 171 basis points [1][18] - The People's Bank of China conducted a 770 billion yuan 7-day reverse repurchase operation, resulting in a net injection of 770 billion yuan for the day [1][13] - The US dollar index decreased by 0.21%, closing at 100.4218 [1][18] Group 3: Macroeconomic Events - High-level economic talks between China and the US took place in Geneva, which alleviated some investor concerns and supported a rebound in US stocks and the dollar, putting pressure on international gold prices [1][20] - US Commerce Secretary warned that tariff negotiations with Japan and South Korea would take considerable time, and President Trump stated he would impose at least a 10% tariff on trade partners [1][20] - Several Federal Reserve policymakers expressed hawkish views, emphasizing the importance of maintaining stable long-term inflation expectations [1][20] Group 4: Domestic Gold Market - The Shanghai Gold Exchange's AU99.99 spot gold contract closed at 785.50 yuan per gram, while the main futures contract AU.SHF closed at 788.42 yuan per gram [11]

美联储主席鲍威尔：长期通胀预期与目标保持一致。 ...

美联储理事库格勒：长期通胀预期基本稳固，并希望其能保持如此。 ...

Important News - Spot gold has surpassed $3420 per ounce, reaching a new historical high, with an increase of over 30% year-to-date [1] - Citigroup forecasts that the Federal Reserve will implement the next interest rate cut in June, previously predicted for May, while maintaining the expectation of a 125 basis point cut by 2025 [1] Individual Stock News - NVIDIA (NVDA.O) CEO Jensen Huang discussed AI robotics and AI energy demand with the Japanese Prime Minister [2] - Volvo plans to lay off up to 800 employees in the U.S. to address the impact of tariffs [2] - Tesla (TSLA.O) has delayed plans to produce a more economical Model Y in the U.S. [2] - Novo Nordisk (NVO.N) updated the Chinese label for its weight loss drug semaglutide to include cardiovascular benefit results [2] - MicroStrategy (MSTR.O) acquired 6,556 bitcoins for $555.8 million between April 14 and April 20, 2025 [2] - AstraZeneca (AZN.O) and Daiichi Sankyo's breast cancer drug Enhertu combination showed high-level results in a late-stage trial for metastatic HER2-positive breast cancer [2]

Core Insights - The Chicago Federal Reserve President Goolsbee, a voting member of the FOMC in 2025, stated that long-term inflation expectations based on the market have not increased [1] - There is a need to understand whether tariffs impact productivity [1] Group 1 - Goolsbee's comments indicate stability in long-term inflation expectations, which may influence monetary policy decisions [1] - The inquiry into the effects of tariffs on productivity suggests a focus on trade policies and their economic implications [1]

智通财经APP获悉，申万宏源证券发表研报称，美国"对等关税"已经落地，滞与胀的强弱、次序和持续 性的比较或将成为货币政策和金融市场表现的主要矛盾。目前，通胀上行压力尚不显著。根据美联储官 员表态，美国通胀可能要到6月才会体现关税效果。美国商品消费中的医药、服装、新车、多媒体设备 （电脑等）高度依赖进口，短期需重点关注此类商品的"再通胀"风险。中期，驱动服务通胀的核心因素 仍为就业市场。长期通胀预期是决定美联储更关注"滞"还是"胀"的核心要素。美联储资本开支调查、制 造业PMI或是衡量关税对经济短期冲击的最佳指标。 申万宏源观点如下： 一、关税冲击的经济原理：一次性成本冲击，导致经济呈现"滞胀"格局 从最新数据来看，关税2.0对美国实体经济冲击如何？1）通胀上行压力尚不显著。美国3月进口商品价 格环比仅-0.1%，核心进口价格环比也较弱。根据美联储官员表态，美国通胀可能要到6月才会体现关税 效果；2）美国经济当前仍为"强现实，弱预期"，3月就业、零售表现较强。 关税冲击的经济学原理：对等关税是一次性的成本冲击，情形类似于2020年公共卫生事件，导致经济呈 现"滞胀"格局。关税会抬升进口价格、抑制进口的需求。更高 ...