英国财政大臣里夫斯：我对通胀数据感到失望。 ...

智通财经5月21日电，英国财政大臣里夫斯称，对通胀数据感到失望。 ...

最新消息面上，据央视新闻，当地时间5月20日，记者获悉，有多名美国官员透露说，美国获取的情报 显示，以色列可能正在准备对伊朗核设施发动打击。 受多重利好刺激，黄金股多数走强。截至早盘收盘，曼卡龙、晓程科技分别上涨12.85%，9.16%。ETF 方面，黄金ETF（518880）早盘大涨2.87%，买卖盘踊跃，半日成交额突破29.19亿。黄金股票ETF （159321）大涨3.03%，换手率超10%。 黄金价格上，5月20日，COMEX黄金期货大幅反弹，收涨1.83%报3292.6美元/盎司。5月21日，COMEX 黄金期货上破3300美元大关。 此外，另据央视新闻，受国际信用评级机构穆迪下调美国主权信用评级影响，美国国债遭遇大规模抛 售。当地时间19日，30年期美国国债收益率飙升，盘中一度突破5%。与此同时，10年期美债收益率19 日盘中突破4.5%。 国元证券表示，受全球地缘冲突、关税政策及美国通胀数据影响，市场避险情绪升温，近期贵金属表现 强劲。海外关税政策对金属市场影响显著，需持续关注政策动态。重点关注黄金等贵金属及战略小金属 的投资机会，这些领域有望在地缘政治和经济不确定性中展现较强韧性。 中国银河表 ...

【要闻速递】 【COMEX黄金行情解析】 上周早些时候，两大经济体暂停贸易战90天，同时双方将制定结束针锋相对的贸易战的细节。因此，华 尔街三大股指实现周线上涨，这主要是由于在经历了长期的不确定性之后，投资者的风险偏好不断增 强。 短线来看，COMEX黄金价格上涨，目前交投于3213.10美元/盎司，涨幅0.24%，最高上探3252.90美元/ 盎司，最低触及3210.30美元/盎司。今日上方阻力位为3271-3281，下方支撑位为3103-3113. 本周一（5月19日）亚市盘中，COMEX黄金价格小幅上涨，截至目前报3213.10美元/盎司，涨幅 0.24%，今日开盘于3220.00美元/盎司，最高上探3252.90美元/盎司，最低触及3210.30美元/盎司。 与此同时，美国近期通胀数据放缓，加上经济数据弱于预期，巩固了美联储今年将进一步降息的预期。 打开APP，查看更多高清行情>> 上周公布的4月份美国消费者通胀率的上升低于预期，消费者价格指数(CPI)4月份上涨了0.2%，使全年 涨幅从2.4%降至2.3%。达拉斯 Comerica 银行首席经济学家比尔-亚当斯说，这份报告是个 "好消 息"。"对大 ...

Key Points - The article discusses the recent developments in China-US trade relations, highlighting the joint statement from the Geneva economic talks on May 12, 2025, where both countries agreed to modify tariffs on each other's goods [2] - The US will suspend the implementation of a 24% tariff on Chinese goods for the first 90 days and retain a 10% tariff, while China will similarly adjust its tariffs on US goods [2] - On May 14, the US reduced the tariff on small packages from China, lowering the international mail tax rate from 120% to 54% [2] - The US consumer price index (CPI) for April 2025 showed a year-on-year increase of 2.3%, slightly down from 2.4% in March, marking the lowest level since February 2021 [3] - In April 2025, new RMB loans in China amounted to 280 billion, a decrease of 450 billion year-on-year, while the total social financing scale was 1,158.5 billion, an increase of 1,224.3 billion year-on-year [3] - The broad money supply (M2) in China grew by 8.0% year-on-year, an increase of 1.0 percentage points from the previous month [3] - The bond market faced downward pressure following the "double reduction" policy, with short-term bonds strengthening while long-term bonds showed weakness due to profit-taking [4] - The overall bond market was under pressure after the joint statement from the China-US economic talks, leading to a slight widening of the yield spread [4]

巴克莱经济学家Jack Meaning和Iaroslav Shelepko在一份报告中说，定于5月21日公布的英国4月份通胀数 据预计将较上月加速，部分原因是国民生活工资和雇主国民保险缴款的增加。经济学家们说，4月份的 年度总体通胀率预计将升至3.3%，而年度核心通胀率可能会升至3.5%。然而，考虑到多次年度重置和 指数化价格变动，以及一些一次性价格变动，4月份CPI的不确定性很高。 ...

美元兑日元下跌0.52%，至146.71，盘中跌幅高达1.2%。高盛分析师在给客户的一份说明中表示，尽管 会议的细节很少，但"它让人们重新关注被低估的贸易顺差货币在美元走软的环境中升值的空间"。这一 分析反映了市场对美元未来走势的不确定性，以及对全球经济格局变化的敏感性。 与此同时，英镑下跌0.32%至1.3261美元。英国央行货币政策委员会（MPC）委员曼恩表示，她上周投 票决定维持借贷成本不变，因为英国劳动力市场的韧性超出了她的预期。她曾在2月份寻求将借贷成本 大幅下调50个基点。这一表态显示出英国央行在货币政策上的谨慎态度，以及对国内经济形势的密切关 注。 美联储官员的言论也对市场产生了重要影响。芝加哥联储总裁古尔斯比表示，数据显示4月份消费者通 胀温和并不一定反映出美国进口关税上升的影响，美联储仍需要更多数据来确定物价和经济的走向。美 联储副主席杰斐逊也表达了类似的观点，他表示，近期的通胀数据表明在实现美联储2%的目标方面取 得了良好进展，但由于新的进口税可能会推动价格上涨，因此目前的前景并不明朗。 ETOMARKETS认为美元周三的走势反映了市场对全球经济形势、贸易局势和美联储政策的复杂反应。 尽管 ...

Group 1 - The core viewpoint of the article highlights the recent decline in gold futures prices, with the Shanghai gold futures closing at 739.82 yuan per gram, down 3.20% on May 15 [1] - The Shanghai gold spot price on May 15 was quoted at 738 yuan per gram, indicating a discount of 1.82 yuan per gram compared to the futures price [3] - The U.S. April CPI data showed a year-on-year increase of 2.3%, the lowest since February 2021, and below market expectations of 2.4% [3] Group 2 - The core CPI in the U.S. for April rose by 2.8% year-on-year, meeting market expectations but still significantly above the Federal Reserve's long-term target of 2% [3] - Notable financial journalist Nick Timiraos suggests that the Federal Reserve is unlikely to change its wait-and-see stance based on the April CPI data, as the figures largely align with expectations [3] - According to Guotou Futures, the recent pullback in precious metals is attributed to reduced market bets on a U.S. economic recession, leading to a shift in sentiment that caused gold prices to retract previous risk premiums [4]

◆ 铜： 截至 5 月 14 日收盘，沪铜主力 06 合约上涨 1.36%至 78940 元/吨。中 美在经贸领域达成相关贸易协议，全球贸易紧张局势进一步缓解。美通 胀数据低于市场预期，美元走软，隔夜有色金属普涨，铜价小幅上行。 现货市场，日内铜价重心下移，BACK 结构月差有所扩张，下游企业入 市接货情绪难有提振同时由于交割换月临近，持货商大贴水出货情绪有 限。全球贸易紧张局势进一步缓解，铜价回归基本面逻辑。目前铜精矿 TC 继续下移，冶炼产出后续存在下滑趋势，不过冶炼端的原料压力虽然 较大，但近期实际对产出的影响相对较小消费表现依然稳中有进，但高 月差抑制了近期消费表现。低库存背景下，铜价或继续维持高位偏强震 荡。技术上看，沪铜短期维持偏强震荡。 ◆ 铝： 截至 5 月 14 日收盘，沪铝主力 06 合约上涨 1.4%至 20275 元/吨。氧 化铝运行产能周度环比减少 55 万吨至 8675 万吨，全国氧化铝库存较节 前减少 13.5 万吨至 328.8 万吨。氧化铝企业检修减产和主动压产仍在 继续，市场处于投产、复产、减产交织状态。有媒体报道北方某大型氧 化铝企业氧化铝产能或存在违规建设，带动市场情绪 ...

Core Viewpoint - The statements made by Chicago Fed President Goolsbee have added uncertainty to the Federal Reserve's policy direction, emphasizing the need for more time and data to accurately assess inflation and economic trends [1][4]. Economic Data Analysis - The April CPI data shows a year-over-year increase of 2.3%, the smallest in four years, but this is significantly influenced by a 1.2% month-over-month decline in food prices, indicating that short-term fluctuations may not be sustainable [3][5]. - The core CPI, excluding food and energy, remains at a year-over-year growth rate of 2.8%, suggesting persistent inflationary pressures in the service sector [3][5]. Federal Reserve's Policy Stance - The Federal Reserve has maintained interest rates since December, with policymakers' cautious stance closely linked to the Trump administration's tariff policies [4][6]. - Despite the April inflation data, the Fed's logic for maintaining a wait-and-see approach remains intact due to core inflation consistently exceeding the 2% target and the potential lagging effects of tariff policies on prices [4][5]. Tariff Impact and Market Expectations - The recent increase in tariffs by the Trump administration, affecting approximately $250 billion worth of Chinese goods, could lead to higher consumer prices and force companies to adjust pricing strategies, with economists expecting these effects to manifest in the coming months [5][6]. - Market expectations for interest rate cuts have shifted, with the probability of a cut this year decreasing from 70% to 55%, reflecting a reassessment of tariff risks [5][6]. Divergence within the Federal Reserve - There is a growing divide within the Fed, with some members advocating for patience to fully understand the impact of tariffs, while others express concern over slowing economic growth and favor preemptive rate cuts [6]. - The upcoming economic data releases, including non-farm payrolls and retail sales, are likely to intensify this divergence ahead of the June FOMC meeting [6].