在基本面利好支撑下，金价周三创下历史新高。 美联储降息预期、美国关税不确定性以及风险基调减弱支撑了黄金/美元(XAU/USD) 的走势。 在日线RSI超买的背景下，多头似乎有所犹豫，选择等待美国非农就业报告。 周三欧洲时段上半段，黄金(XAU/USD) 延续横盘整理走势，并接近历史高点。市场对美联储本月降息的接受度不断上升，抑制了美元(USD)的反弹势头， 并继续对这种无收益黄金构成利好。此外，持续的贸易相关不确定性也有利于黄金的避险地位，并有助于限制其下行空间。 然而，由于多头目前似乎不愿在极度超买的情况下进行新的押注，金价上行空间仍然受限。此外，交易员们选择在周五美国非农就业数据（NFP）公布前保 持观望，以期获得更多有关美联储降息路径的线索。这将影响近期美元价格走势，并决定金价下一阶段的方向性走势。与此同时，JOLTS的职位空缺数据可 能会给黄金/美元带来一些推动力。 每日市场动态摘要：黄金巩固近期涨势，创历史新高 根据芝加哥商品交易所集团（CMEGroup）的美联储观察工具，交易员预计美联储在9月17日为期两天的政策会议结束时将借贷成本下调25个基点的可能性 超过90%。此外，市场参与者预计美联储将在 ...

Group 1: Commodity Market Overview - The domestic commodity futures market on September 3 saw more declines than increases, with the main contract for eggs rising over 2% and the main contracts for gold and styrene rising over 1% [1] - The China Securities Commodity Futures Price Index closed at 1440.74 points, up 2.81 points or 0.20% from the previous trading day, while the China Securities Commodity Futures Index closed at 1990.16 points, up 3.88 points or 0.20% [1] Group 2: Egg Market Analysis - The main contract for eggs led the market with a 2.62% increase, closing above the 3000 yuan/500 kg mark, driven by increased demand due to the back-to-school season and Mid-Autumn Festival preparations [2] - Despite the recent rebound, analysts caution that the pressure on egg prices may persist due to limited culling of hens and high inventory levels of laying hens [2] Group 3: Precious Metals Performance - Gold has emerged as a star in the commodity market, with New York futures prices reaching historic highs above $3600 per ounce, and domestic gold prices also rising [3] - The main contract for gold in Shanghai reached a high of 816.78 yuan/kg before closing with a 1.31% increase, influenced by expectations of interest rate cuts by the Federal Reserve and geopolitical tensions [3] Group 4: Lithium Carbonate Market Trends - Lithium carbonate has seen a continuous decline for seven trading days, with a drop of 3.10% on September 3, attributed to a weak overall supply-demand structure [4] - The price of battery-grade lithium carbonate was reported at 75,755 yuan/ton, down 1,631 yuan/ton from the previous working day, as market sentiment turns cautious amid high production levels of spodumene [4] Group 5: Shipping Market Dynamics - The shipping market for European routes is experiencing downward pressure, with the main contract declining by 3.04% due to weak spot market conditions [5] - The Maersk 38-week opening price was quoted at $1700/FEU, reflecting a decrease of $200 from the previous week, indicating ongoing pressure in the spot market [5]

AvaTrade爱华市场追击：2025年9月初，全球金融市场再次迎来重大波动。在地缘政治紧张、美元走软及市场避险 需求上升的背景下，黄金价格突破历史新高，展现出强劲的上涨势头。与此同时，科技巨头谷歌母公司Alphabet 在反垄断案中获得有利裁决，避免了最严厉的处罚，股价大幅上涨。这两大事件不仅反映了当前市场的风险偏好 和政策预期，也可能对未来的投资格局产生深远影响。 黄金市场：避险需求推动价格飙升 在黄金市场表现强劲的同时，科技行业也迎来重要消息。美国地方法院周二就谷歌垄断案作出裁定，虽然认定其 搜寻业务存在垄断行为，但无须出售Chrome浏览器，仅须与竞争对手共享部分搜寻数据。此一裁决避免了最严厉 的结构性补救措施，市场随即反应热烈，谷歌母公司Alphabet盘后股价飙升8.7%。 法官Amit Mehta在裁决中指出，强制出售Chrome与安卓系统资产「过度扩张」，因谷歌并未借此实施非法限制。 该裁决也间接维护了谷歌与苹果之间数十亿美元的预设搜寻协议，苹果股价盘后同步上涨4.3%。此案结果不仅强 化了谷歌广告业务的核心优势，也为科技巨头的反垄断风险释出积极讯号。 本周金融市场的两大焦点事件——黄金创历史 ...

Core Viewpoint - Silver prices reached a 14-year high on Wednesday but lacked sufficient buying support for further gains [1][3]. Group 1: Market Performance - On September 3, during the Asian trading session, spot silver hit a new high of $40.97 per ounce before slightly retreating [3]. - The price of silver in the European market attempted to rise again but failed to break through, currently trading around $40.70, down nearly 0.50% for the day [3]. - The Shanghai Huatong platinum-silver standard price reported at 9814 yuan per kilogram, an increase of 51 yuan per kilogram from the previous trading day [4]. Group 2: Influencing Factors - Increasing acceptance of a potential interest rate cut by the Federal Reserve this month continues to drive silver prices [3]. - Ongoing uncertainties related to trade are also contributing to silver's strong performance as a safe-haven asset [3]. Group 3: Technical Analysis - The daily Relative Strength Index (RSI) shows slight overbought conditions, prompting some profit-taking near current silver prices [2][6]. - A strong breakthrough above the psychological level of $40 could trigger further bullish trading, while a drop below $40.00 may lead to a decline towards the support area of $39.50 [6]. - If the support at $39.50 is decisively broken, silver prices could accelerate down to the $39.00 level and potentially reach the $38.50-$38.40 range [6].

Group 1 - The core reason for the recent surge in gold and silver prices is the strengthened expectation of interest rate cuts by the Federal Reserve, which has led to increased demand for these non-yielding precious metals [3][5] - Gold prices have surpassed $3,500 per ounce for the first time in over four months, while silver has risen above $40 per ounce for the first time since 2011, driven by concerns over central bank policies and economic indicators suggesting a slowdown [1][3] - Central banks globally, particularly in countries like China, Poland, Turkey, and India, have been significantly increasing their gold reserves, reflecting a long-term strategy of "de-dollarization" and geopolitical risk hedging [7] Group 2 - The actual interest rates, which are the nominal rates minus inflation expectations, have been declining rapidly, enhancing the attractiveness of gold as a safe-haven asset [5] - Silver has outperformed gold this year, with a notable increase in holdings in silver-backed ETFs, driven by a weaker dollar and the dual nature of silver as both a precious and industrial metal [9] - The current bullish sentiment in the precious metals market suggests that if the Federal Reserve officially begins its rate-cutting cycle and central bank purchases of gold continue, both gold and silver could reach new highs [9]

Group 1 - Gold prices reached a historical high, with spot gold touching $3546.919 per ounce and COMEX futures rising to $3616.9 per ounce, driven by renewed concerns over the Federal Reserve and increased demand for safe-haven assets [1] - Year-to-date, gold prices have increased by over one-third, making it one of the best-performing major commodities, with geopolitical and economic risks contributing to the rising demand for gold and silver [1] - The market is awaiting a significant court ruling regarding President Trump's potential dismissal of Federal Reserve Governor Cook, which could impact the independence of the Federal Reserve [1][2] Group 2 - Analysts predict that international gold prices will continue to rise, with Deutsche Bank forecasting gold to reach $3600 per ounce by the end of next year, and Morgan Stanley setting an even higher target of $3800 per ounce [4] - The expectation of a rate cut by the Federal Reserve is seen as a catalyst for a new upward trend in gold prices, as the dollar's safety is increasingly questioned [4] - The trend of central banks purchasing gold instead of holding dollar reserves is expected to accelerate, driving long-term demand for gold [4]

Core Viewpoint - The global economic uncertainty has led investors to seek safe-haven assets, resulting in a surge in gold prices, which reached a new high of over $3500 per ounce on September 2, 2023 [1][4]. Group 1: Gold Market Dynamics - Gold prices hit $3501.59 per ounce during Asian trading, surpassing the previous record of $3500.10 set in April [1]. - The rise in gold prices is attributed to a weak dollar and expectations of interest rate cuts by the Federal Reserve, as inflation in the U.S. accelerates [2][5]. - Concerns over the independence of the Federal Reserve have intensified, prompting investors to sell dollars and buy gold as a hedge [2][4]. Group 2: Market Reactions and Influences - The price of silver also reached a 14-year high at $40.76 per ounce, driven by similar market sentiments [4]. - The pressure from former President Trump on the Federal Reserve and the recent court rulings regarding tariffs have contributed to the volatility in the market [2][4]. - Analysts note that geopolitical uncertainties, inflation worries, and concerns about the health of the U.S. economy have collectively driven gold prices up by 33% this year [6][7]. Group 3: Broader Economic Context - The expectation of a rate cut by the Federal Reserve is reinforced by the recent personal consumption expenditures report, which aligns with analyst forecasts [5]. - Central banks around the world are increasing their gold reserves as a strategy to diversify away from the dollar, further supporting the rise in gold prices [6].

Group 1: Gold Market Performance - On September 3, the Shanghai gold futures price was reported at 813.74 CNY per gram, with an increase of 1.17% [1] - The opening price for the day was 804.42 CNY per gram, reaching a high of 816.78 CNY and a low of 802.50 CNY [1] Group 2: Macro News - Global stock markets are approaching a critical three-week period with key U.S. inflation data and Federal Reserve interest rate decisions expected [2] - The Eurozone's August manufacturing PMI rose from 49.8 in July to 50.7, marking the highest level in over three years and indicating expansion for the first time since mid-2022 [2] - Political uncertainty in the U.S. regarding tariffs and the Federal Reserve's independence may increase market volatility and boost demand for gold as a safe haven [2][4] Group 3: Institutional Views on Gold - The current political turmoil in Europe and the U.S. is raising concerns, leading to increased demand for safe-haven assets like gold [4] - The expectation of a Federal Reserve rate cut and a weaker U.S. dollar is supporting gold prices [4] Group 4: Gold and Silver Data - International gold prices increased by 1.65%, closing at 3532.69 USD per ounce, reaching a historical high [5] - August saw a significant increase in gold and silver ETF holdings [5] - International silver prices rose by 0.36%, closing at 40.819 USD per ounce, with a low of 40.1 USD during the day [7] Group 5: Price Forecasts - Short-term gold prices are expected to rise above 3600 USD, with recommendations to buy on dips or use call options instead of going long [6] - Short-term silver prices may reach above 42 USD, but caution is advised for potential pullbacks [8]

汇通财经APP讯——周三亚洲交易时段，黄金价格再度刷新纪录。现货金一度上涨0.4%，触及每盎司 3546.96美元，较前一日再创新高。过去六个交易日，金价累计上涨5%，表现凸显避险资产的吸引力。 从日线图上看，黄金价格连续六个交易日收阳，技术面显示出强势上涨格局。短期均线系统（5日与10 日均线）呈现明显上行趋势，并且K线运行在布林带上轨附近，显示多头动能仍然充足。 支撑黄金上涨的核心因素在于美联储降息预期与全球经济不确定性。美联储主席鲍威尔此前暗示可能在 本月降息，而本周五即将公布的美国非农就业数据则被视为关键指标，市场预计疲软的劳动力市场将为 宽松政策提供进一步理由。 某国际贵金属研究机构指出："降息环境通常利好无息资产，尤其是黄金，其避险价值在股债市场动荡 时被放大。" 除黄金外，白银在2025年的表现更加亮眼。银价今年已上涨约40%，并突破每盎司40美元大关，为2011 年以来首次。白银需求除了避险属性外，还来自新能源产业的支撑。 作为光伏产业的重要原料，白银的工业用途推高了消费需求。根据国际银业协会的数据，全球白银市场 已连续第五年出现供给缺口。 市场分析人士表示："白银兼具投资和工业属性，在新能源 ...

Group 1 - The core viewpoint of the articles highlights a significant increase in gold and silver prices due to rising safe-haven demand and expectations of interest rate cuts by the Federal Reserve, with gold reaching a historic high of $3602.40 per ounce [1] - Gold futures for December 2025 rose by $83.4 to close at $3599.5 per ounce, marking a 2.37% increase, while silver futures increased by $0.98 to $41.730 per ounce, a rise of 2.40% [1][3] - The market's reaction is influenced by concerns over the independence of the Federal Reserve and a recent court ruling questioning the legality of tariffs imposed by the Trump administration, which has heightened uncertainty regarding U.S. government policies [1] Group 2 - Analysts suggest that the prolonged consolidation phase of gold prices indicates a stronger breakout momentum, with a projected target range of $3800 to $4000 per ounce [2]