Group 1 - The international geopolitical situation has intensified, leading to a surge in safe-haven demand for gold, which reached a high of 3438, surpassing the expected target of 3420 for the week [2][4] - After reaching the peak of 3438, gold experienced a significant drop, indicating potential volatility and the possibility of a downward trend, with support levels to watch [4][5] - The U.S. dollar index showed little change, fluctuating around 99.3, suggesting a lack of strong trend direction, while gold's recent performance indicates a potential for both upward and downward movements [4][5] Group 2 - Domestic gold prices also saw an increase, with the Shanghai gold contract peaking at 813, but subsequently faced a decline, indicating a potential for high-level fluctuations in the near term [5][6] - International silver reached a high of 33.2, with expectations for further increases, although recent adjustments suggest a cautious approach to new positions [5][6] - The international crude oil market is showing signs of a rebound, with potential upward targets set at 64 or higher, indicating a shift from previous declines [6]

黄金周二（5月6日）早盘直接强势大涨，在触及3387附近后受阻调整，午后在3350附近企稳开始震荡上涨，美盘延续上涨走势，一直持续到收盘，日线收出 一根大阳线。 一、基本面 特朗普宣布对外国制作电影征收100%关税，引发市场对贸易局势的担忧，同时OPEC+增产消息导致能源和油气板块跌超1.7%，美股各板块ETF普遍收跌， 这些因素使得避险情绪重回市场，资金流向黄金寻求避险，推动金价上涨。此外，中美贸易谈判、美日贸易谈判陷入僵局，中东地区地缘问题反复，也进一 步加剧了市场的不确定性和避险情绪，对黄金价格形成支撑。 从日线级别来看，黄金价格此前在3500整数关口遭遇强劲阻力，随即开启调整走势。值得关注的是，本周连续两个交易日，金价均以大阳线报收，这一强势 表现直接收复了前期大部分跌幅，尽显多头力量的强劲。与此同时，均线系统也释放出积极信号，整体向上拐头，5日均线与10日均线形成粘合后交金叉。 在当前行情下，今日需着重留意黄金上涨动能能否持续。下方关键支撑区域位于3330-3320区间，该位置不仅是5日均线与10日均线当前所处位置，更是昨日 盘中低点所在，其支撑有效性将对后续行情发展起到关键作用。 从四小时级别来看 ...

昨天我们强调继续看涨黄金，和周一及上周五一样亚盘、欧盘涨为主，至少美盘前不去看跌，看冲击3360-70及3385极限要上涨3410-40区域。昨日黄金亚盘 小幅回撤3323一线旋即大涨，日内一路上破，美盘依托3370-75继续上涨，日线以大阳线收盘3430以上，日内大涨112美元。今日早盘跳空3438一线后迎来崩 盘式跳水，至此多头目标3440一线目标达成！ 突发重大消息，中美准备关税和谈，重大利空，黄金早盘3438美元一线跳水60多美元，日内应该触顶了；如无重大利多推动，早盘高点3438不应再突破，否 则一旦突破3500必定会破，只是3500以上走多远则不清楚。当前，关注中美关税和谈的同时，全球地缘局势也应重点关注：重点印巴冲突，两国人口接近17 亿，局势失控会很恐怖；然后是俄乌僵局，美伊危机等对黄金构成利多，明天凌晨美联储利率决议也需要重点关注，今天中国公布黄金储备数据。 止损，永远是对的，错了也对！ 死扛，永远是错的，对了也错！ 横批：止损无条件！ 如果没有交易原则，那么，一切技术等于零！ 黄金市场依然消息左右一切，印巴冲突，关税战，美伊危机等消息冲击市场，避险情绪高涨！黄金周一大涨101美元，昨天大涨 ...

● 本报记者 葛瑶 5月6日，国际金价大幅回升，COMEX黄金期货价格再度突破3300美元/盎司关口，伦敦金现货价格亦涨 至3370美元/盎司附近。伴随贵金属价格重拾涨势，A股资源板块全线飘红，稀土永磁指数单日飙升逾 6%。 市场人士分析表示，关税再起波澜叠加中东局势再度紧张，刺激避险资金加速涌入黄金市场。短期内， 黄金基本逻辑没有变化，价格在关税谈判期间可能保持震荡。 贵金属上行带飞资源板块 5月6日金价迎来强势反弹。截至6日纽约早盘，COMEX黄金期货价格盘中一度飙升至3395美元/盎司， 伦敦现货黄金盘中冲高至3387.09美元/盎司，伦敦现货白银、现货铂金等贵金属价格也同步上涨。 受此影响，A股资源板块集体上行。截至6日收盘，Wind稀土永磁指数涨6.23%。黄金概念股中，莱绅通 灵涨停，四川黄金、晓程科技涨逾7%，华钰矿业涨逾6%，湖南黄金涨逾5%。港股方面，东江环保大涨 逾13%，灵宝黄金涨逾8%，山东黄金涨逾6%，招金矿业涨逾4%，江西铜业股份、潼关黄金涨逾3%。 前一周，受美联储降息预期减弱及地缘风险暂时缓和影响，金价持续走低，4月28日至5月2日， COMEX黄金期货价格累计下跌1.55%， ...

Group 1 - The core viewpoint of the articles indicates that gold prices are experiencing a bullish trend, nearing the psychological level of $3400 per ounce, driven by geopolitical risks and market sentiment favoring safe-haven assets [1][4] - The recent U.S. economic data, including a March core PCE price index of 2.6% year-on-year and resilient April non-farm employment figures, alleviates concerns over "re-inflation" risks, providing support for gold bulls [1] - Technical analysis shows a strong bullish pattern in the gold market, with a "stair-step" breakout characteristic and a high probability of continued upward movement [4] Group 2 - The operational strategy suggests focusing on buying on dips around $3375, with a stop loss at $3365 and a target range of $3400-$3430 [4] - Key resistance levels are identified at $3388 and $3398, with a breakout target of $3410, while support levels are noted at $3374 and a stronger support zone between $3370-$3366 [4] - The market is expected to remain in a strong bullish trend, with a low probability of reversal in the near term [4]

黄金的货币属性，使其成为对冲美元信用的首选工具。世界黄金协会在最新披露的今年一季度黄金需求 趋势报告中指出，美国关税阴影、地缘政治的不确定性、股市波动、美元走软等多重因素推动了金价的 上涨。伴随着贸易局势紧张、投资者对利率下行的预期等，预计二季度全球黄金投资需求或将继续强 劲。 北京黄金经济发展研究中心研究员也在月报中表示，随着美国关税政策缓和预期的增加，避险情绪有所 减弱，金价整体陷入宽幅震荡的调整格局之中。同时，虽然美国总统特朗普多次施压美联储降息，但在 即将召开的5月议息会议上，美联储仍有较大概率维持利率不变。不过，美联储议息会议以后对降息的 指引将左右黄金市场波动。而长期来看，美联储降息、央行购金依然是金价强势上涨的重要支撑因素。 新华财经北京5月6日电（吴郑思）在连续两周高位回调之后，本周伊始，国际金价再度拉升，大有重启 上涨之势。 基本面上来看，虽然前两周伴随着市场对贸易紧张局势担忧的缓解，避险情绪的回落加速了黄金在历史 高位的获利了结，且美国好于预期的4月"非农"和关税影响下可能反弹的通胀，令美联储在货币政策选 择上面临两难。但本轮金价近300美元的回调，并不足以动摇黄金的上涨基础。 此外从盘面 ...

Report Industry Investment Rating No relevant information provided. Core View of the Report - The U.S. April non - farm payroll data was unexpectedly strong, Trump indicated a tariff cut on China, and the Fed maintained policy independence, leading to a decline in market risk - aversion and a correction in gold prices. However, U.S. tariff policies have raised market concerns about a hard - landing of the economy, increasing the expected number of interest rate cuts this year. The Fed remains hawkish, and market expectations of a July rate cut, along with central bank gold - buying demand and risk - aversion, support precious metal prices. Due to the expected volatility of U.S. tariff policies, prices are likely to be in an adjustment state. Attention should be paid to the Fed's May interest rate decision on Thursday [10]. - It is recommended to trade cautiously, and consider a strategy of building positions at low prices after a full price correction, with reference to the operating ranges of Shanghai Gold 06 contract (758 - 800) and Shanghai Silver 06 contract (7600 - 8500) [11]. Summary by Directory 1. Market Review - The progress of tariff negotiations and Trump's expansion of the tax - levying scope led to a wide - range shock in the price of U.S. gold. As of last Friday, U.S. gold closed at $3247 per ounce, down 2.4% for the week. The upper resistance level is $3390, and the lower support level is $3270 [6]. - The price of U.S. silver showed a weak shock. As of last Friday, it had a weekly decline of 3.5%, closing at $32.18 per ounce. The lower support level is $32, and the upper resistance level is $34 [9]. 2. Weekly View - The U.S. April non - farm payroll data was strong, Trump planned to cut tariffs on China, and the Fed maintained policy independence, reducing market risk - aversion and causing a correction in gold prices. The U.S. tariff policy has worried the market, increasing concerns about a hard - landing of the economy and the expected number of interest rate cuts this year. The Fed remains hawkish, and the ECB cut interest rates by 25 basis points in April. The market expects the Fed to cut rates in July, and central bank gold - buying demand and risk - aversion support precious metal prices. The expected volatility of U.S. tariff policies means prices will likely be in an adjustment state. Attention should be paid to the Fed's May interest rate decision on Thursday [10]. - Strategy suggestion: Trade cautiously, and consider building positions at low prices after a full price correction, with reference to the operating ranges of Shanghai Gold 06 contract (758 - 800) and Shanghai Silver 06 contract (7600 - 8500) [11]. 3. Overseas Macroeconomic Indicators The report presents data and trends of various overseas macroeconomic indicators such as real interest rates (10 - year TIPS yield), dollar index, euro - dollar exchange rate, pound - dollar exchange rate, yield spreads (10Y - 2Y), Fed balance sheet size, gold - silver ratio, and WTI crude oil futures price, but no specific analysis is provided in the text [14][18][20]. 4. Important Economic Data of the Week | Economic Indicator | Announced Value | Expected Value | Previous Value | | --- | --- | --- | --- | | U.S. April non - farm payrolls change (seasonally adjusted, in millions) | 17.7 | 13 | 18.5 | | U.S. April unemployment rate (%) | 4.2 | 4.2 | 4.2 | | U.S. April ISM manufacturing PMI | 48.7 | 48 | 49 | | U.S. April ADP employment change (in millions) | 6.2 | 11.5 | 15.5 | | U.S. Q1 real GDP annualized quarterly rate (preliminary value, %) | - 0.3 | 0.3 | 2.4 | | U.S. Q1 core PCE price index annualized quarterly rate (preliminary value, %) | 3.5 | 3.3 | 2.6 | | U.S. March PCE price index annual rate (%) | 2.3 | 2.2 | 2.5 | [22] 5. Important Macroeconomic Events and Policies of the Week - Trump approved a 100% tariff on overseas - made movies, expanding the scope of the trade war from physical goods to an industry with a large U.S. trade surplus, indicating a possible further spread of the trade war. - The U.S. added 17.7 million non - farm jobs in April, far exceeding the market expectation of 13.8 million. The unemployment rate was 4.2%, in line with expectations, and the labor force participation rate was 62.6%, slightly higher than expected. - The U.S. March PCE price index increased by 2.3% year - on - year, the lowest level since last autumn; the core PCE price index increased by 2.6% year - on - year, lower than the previous value of 2.8%; both PCE and core PCE were flat month - on - month [24]. 6. Inventory - Gold: COMEX inventory decreased by 13,384.47 kg to 1,283,813.73 kg this week, and the Shanghai Futures Exchange inventory remained unchanged at 15,648 kg compared with last week. - Silver: COMEX inventory increased by 33,287.27 kg to 15,519,976.28 kg this week, and the Shanghai Futures Exchange inventory increased by 36,093 kg to 959,689 kg [12][29]. 7. Fund Holdings - As of April 29, the net long position of gold CFTC speculative funds was 181,879 lots, a decrease of 13,390 lots compared with last week. - As of April 29, the net long position of silver CFTC speculative funds was 47,819 lots, an increase of 5,502 lots compared with last week [12][33]. 8. Key Points to Watch This Week - On Thursday (May 8), at 20:30, pay attention to the U.S. initial jobless claims for the week ending May 3; at 23:00, pay attention to the U.S. April New York Fed 3 - year inflation expectation [35].

华夏时报（www.chinatimes.net.cn）记者 李明会 北京报道 "金价又涨了，五一期间入手'三金'多好！"五一假期的节后第一天，"金价再爆发"又上热搜，正在备婚的钱女士对 《华夏时报》记者直言后悔到拍大腿，"还以为五一过后金价能便宜些，没想到又涨了。" 今年以来，金价高位狂飙，牵动多方神经。像钱女士一样，不少备婚新人都在纠结要不要在此时购买"三金"或"五 金"，生怕买在高位当了"冤大头"。不过，一位新人劝告记者，"要买赶紧买，不然可能越来越贵，我就是从（克 价）七百多拖到一千才买的。" 5月6日，国际金价延续此前一日上涨态势，盘中一度触及3386美元/盎司，截至记者发稿前，现货黄金站上3379美 元/盎司，日内涨1.36%，COMEX黄金期货亦持续上涨，一度突破3390美元/盎司，日内涨幅逼近2%。 受此影响，5月6日，国内多家品牌金店足金饰品价格再度涨破1000元/克，有品牌金饰单克金价甚至一夜反弹超30 元。 金价再爆发 此前4月22日，现货黄金一度涨超3500美元/盎司，刷新历史新高。此后现货黄金连续多日回调，但近日再度卷土 重来。 不过，5月5日，现货黄金大幅拉升，一举突破3300美元/ ...

Group 1 - The core viewpoint is that despite a rebound in the dollar, gold prices have shown resilience, with a nearly 3% increase on Monday, closing at $3333.73, up nearly $100 from the previous Friday's close. The current gold trend is driven by global geopolitical tensions and uncertainty regarding Federal Reserve policy rather than solely relying on the dollar [1] - Short-term factors supporting gold prices include the unpredictable nature of Trump's trade policies, ongoing conflicts in Ukraine and the Middle East, and a prevailing risk-averse sentiment in the market. The Federal Reserve's dovish stance is expected to make gold a safe haven for funds [1] - The market is awaiting the Federal Reserve's interest rate decision later this week, with gold's daily chart showing a significant upward movement, indicating potential for further gains, with resistance levels noted at $3385-$3400 [1] Group 2 - In the silver market, silver prices rebounded on Monday, ending a streak of declines with a bullish candlestick formation. The current support level is around $32, with upward targets set at $33 and $34 [3] - The strategy for silver trading suggests waiting for a pullback to around $32 to enter long positions, indicating a cautious but optimistic outlook for silver prices [3]

从技术上来看，对于市场无规律的炒作避险情绪也不要盲目追随，按照今日早间行情再疯狂拉升的状 态，今日上方可能会继续去测试3400整数关口，但是情绪上过于亢奋的状态还是不宜去盲目追随看涨， 更不宜去盯着避险情绪的枪口去硬刚搏空。日内下方则着重关注10、5日线3310-00一带的测试，短线如 果欲参与，则有待回撤5、10日线再考虑短多。至于后期走势，则多关注周四凌晨美联储利率决定，期 间依旧要着重紧盯地缘局势的演变，以及特朗普关税政策的影响。 总之，当前黄金市场受多种因素综合影响，走势存在不确定性。金友需密切关注美联储利率决议、国际 贸易局势等关键。不过就目前局势来看，早间一波大涨几十美金，很容易造成一个卖预期行情，操作上 尽量还是回调在进场即可。 故日内操作上张津镭建议： 黄金：3350-3353做多，止损3340，目标看3390-3400一线，破位持有。 张津镭：避险升温致金价大涨，美联储会议将成"胜负手" 昨日黄金走了一个震荡反弹行情吗，亚盘开盘震荡走高午盘反弹至3270后回落一波至3250上方。随后金 价再度反弹，晚间突破3300关口，最高是到了3337美元一线，最终金价是收盘于3334美元，日线收于一 根 ...