Group 1: Investment Ratings - Gold: No specific rating information [1] - Silver: ★★★, representing a clearer long - trend and a relatively appropriate investment opportunity currently [1][4] Group 2: Core Views - Overnight, precious metals continued to adjust with large intraday fluctuations. After the Fed meeting, Powell didn't release incremental information, and the prospect of interest - rate cuts was somewhat dampened. The dollar credit crisis and global political and economic uncertainties support the long - term upward trend of the gold price. In the short term, with the intertwining of trade negotiation and geopolitical news, the gold price fluctuates frequently at historical highs, and investors should wait for pull - back opportunities to enter the market. Attention should be paid to the speeches of multiple Fed officials tonight [1] Group 3: Summary of Related News Trade News - The US and the UK reached a trade agreement, including retaining a 10% benchmark tariff on the UK, expanding market access for both sides, canceling tariffs on UK steel and aluminum, implementing a 0% tariff on US agricultural products, and a stepped tariff on UK car imports. The US Trade Representative may take enforcement actions on imported services. Trump announced that the UK agreed to a $10 billion Boeing aircraft purchase agreement. The US Commerce Secretary hopes to reach a trade agreement with a major Asian country. The EU plans to impose additional tariffs on $95 billion worth of US products due to difficult negotiations. An Indian official said that a free - trade agreement with the UK will be signed in three months [2] Trump - related News - Trump called Powell "Mr. Too Late" and a fool, called on people to buy stocks at a press conference, is seeking to raise taxes on the rich with an annual income of over $2.5 million to 39.6%, and called for a 30 - day unconditional cease - fire between Russia and Ukraine [2] India - Pakistan Conflict News - The Pakistani military has shot down 25 Indian drones with casualties on the Pakistani side. The US Secretary of State called his counterparts in India and Pakistan, supporting direct dialogue between the two sides. The Indian Defense Minister said that "Operation Vermilion" is ongoing, not wanting the situation to escalate but not backing down either. The Pakistani Foreign Minister said that the national security advisers of India and Pakistan had contact after the situation escalated. India claimed that Pakistani forces attacked Indian - controlled Kashmir, which Pakistan denied [2]

| 11/11/2 | 国投期货 | 贵金属日报 | | --- | --- | --- | | | 操作评级 | 2025年05月08日 | | 黄金 | 女女女 | 刘冬博 高级分析师 | | 白银 | 女女女 | F3062795 Z0015311 | | | | 吴江 高级分析师 | | | | F3085524 Z0016394 | | | | 010-58747784 | | | | gtaxinstitute@essence.com.cn | 今日贵金属先扬后抑,日内波动剧烈。美联储会议连续第三次维持利率不变,声明强调通胀和失业率上升的 风险走高。鲍威尔并未释放增量信息,依然表明不急于做出进一步的利率调整,倾向于等待更多经济信息指 导决策。美元信用危机和全球政经局势不确定性支撑金价中长期重心上移趋势，贸易谈判和地练纷争消息不 断扰动市场,金价在历史高位波动较大,维持回调后布局思路。 ★中国央行:中国4月末黄金储备报7377万盎司,环比增加7万盎司,为连续第六个月增持黄金。 ★★☆ 两颗星代表持多/空,不仅判断较为明晰的上涨/下跌趋势,且行情正在盘面发酵 ★★★ 三颗星代表更加明晰的多/空趋势,且 ...

美联储主席鲍威尔表示，目前尚不清楚经济是将继续保持稳定的增长步伐，还是在日益加剧的不确定性 和可能到来的通胀飙升下萎靡不振。 鉴于特朗普最终会做出什么决定，其中有哪些决定会在可能的法庭和政治斗争中幸存下来，这些都是悬 而未决的问题，"这些影响的范围、规模和持续性都非常、非常地不确定，"鲍威尔在政策会议结束后的 新闻发布会上说。"因此，目前还不清楚货币政策的适当对策是什么...。我们应该做什么真的一点都不 清楚。"我认为我们无法说情况将会以哪种方式发展下去。" 【机构观点】 国投期货： 【黄金期货最新行情】 | 5月8日 | 收盘价（元/克） | 当日涨跌幅 | 成交量（手） | 持仓量（手） | | --- | --- | --- | --- | --- | | 沪金主力 | 790.78 | -1.41% | 565698 | 198555 | 打开APP，查看更多高清行情>> 【基本面消息】 数据显示，5月8日上海黄金现货价格报价803元/克，相较于期货主力价格（790.78元/克）升水12.22元/ 克。 美联储周三维持利率不变，但指出通胀和失业率上升的风险增加，在联储努力评估特朗普关税政策的影 响之际 ...

Group 1 - The Shanghai gold spot price on May 6 was quoted at 795.4 CNY per gram, showing a premium of 0.6 CNY over the futures main price of 794.80 CNY per gram [1] - The closing price for the Shanghai gold futures on May 6 was 794.80 CNY per gram, with a daily increase of 1.39% and a trading volume of 197,944 contracts [1] - MFS Investment Management's chief economist indicated that the U.S. Treasury market is returning to normal after a brief period of turmoil, with the Federal Reserve's upcoming meeting being closely watched for potential dovish signals [1] Group 2 - During the May Day holiday, precious metals experienced wide fluctuations, with mixed economic data from the U.S. providing the Federal Reserve with room to maintain patience [2] - The outlook for the U.S. economy remains uncertain due to trade tensions, and the Federal Reserve is likely to keep interest rates unchanged in May [2] - The global economic and political uncertainties, along with a potential credit crisis for the U.S. dollar, are expected to support a long-term upward trend in gold prices [2]

Report Investment Ratings - Gold: ★★★, indicating a clearer upward trend and a relatively appropriate investment opportunity currently [1] - Silver: ★★★, indicating a clearer upward trend and a relatively appropriate investment opportunity currently [1] Core Viewpoints - The dollar credit crisis and the uncertainty of the global political and economic situation support the long - term upward trend of the center of gold prices. This week, with the release of important economic data such as non - farm payrolls in the US, precious metals may maintain sharp fluctuations, and position control and light - participation are needed before the holiday. Tonight, attention should be paid to US ADP employment, PCE, and first - quarter GDP data [1] Other Key Points Tariff - related - Trump relaxed the auto tariff policy to relieve the impact on local automakers. The US Commerce Secretary reached a trade agreement with an anonymous country. Trump plans to use AI chips as a new bargaining chip in trade negotiations. The US said Europe did not participate well in tariff issues. Walmart notified Chinese suppliers to resume shipments. The White House criticized Amazon for showing tariff prices, calling it a "hostile political act" [2] Ukraine - related - The US Secretary of State requires Ukraine to provide specific proposals and will withdraw from mediation if there is no progress. Putin is reported to have requested control of 4 regions in Ukraine during talks with the US [2] US Economic Data - The number of job openings in the US in March dropped to the lowest level since September last year. The US Conference Board consumer confidence in April plunged to a nearly five - year low. The US merchandise trade deficit in March widened to a record $162 billion [2]

Report Summary 1) Report's Industry Investment Rating There is no information about the industry investment rating in the provided content. 2) Core Viewpoints of the Report - Today, precious metals continued to fluctuate. Geopolitical turmoil, the uncertainty of Trump's tariff policy, the US dollar credit crisis, and the global political and economic situation support the medium - to long - term upward trend of gold prices. With important US economic data such as non - farm payrolls to be released this week, precious metals may experience sharp fluctuations. It is necessary to control positions and participate cautiously before the holiday. Also, pay attention to the US JOLTs job openings in March today [1]. 3) Summaries Based on Related Content Tariff - related News - Trump believes there is no red line to change his tariff policy according to an interview in The Atlantic. - The US Treasury Secretary said the first trade agreement might be reached as early as this week or next week, and India could be among the first batch. - German Chancellor - elect Merz will urge Trump to cancel all tariffs [2]. Russia - Ukraine - related News - Putin announced a 72 - hour cease - fire from 0:00 on May 8th to 0:00 on May 11th during the Victory Day celebration of the Great Patriotic War. - US media reported that the US and Ukraine will sign a mineral agreement as soon as this week. - Zelensky said the mineral agreement with the US has become "more stable and fair" after negotiations [2].