马8月通胀率升至4.14%，食品价格持续上涨。根据马统计局数据，8月消费者物价指数 （CPI）月度涨幅为0.36%，高于7月的0.02%，主要原因是鱼类、水果和蔬菜价格上 涨。 （原标题：马8月通胀率升至4.14%，食品价格持续上涨） ...

Core Insights - Croatia's consumer price index (CPI) increased by 4.1% year-on-year in August, with a slight month-on-month rise of 0.1% [1] - The largest price increases were observed in housing, water, electricity, gas, and other fuels, which rose by 8.1% year-on-year, followed by restaurants and hotel accommodation (+7.5%) and non-alcoholic beverages (+6.3%) [1] - The harmonized index of consumer prices (HICP) in Croatia rose by 4.6% year-on-year in August, with an average month-on-month increase of 0.2% [1] Price Changes by Category - Housing, water, electricity, gas, and other fuels: +8.1% year-on-year [1] - Restaurants and hotel accommodation: +7.5% year-on-year [1] - Non-alcoholic beverages: +6.3% year-on-year [1] - Education: +5.9% year-on-year [1] - Medical services: +5.1% year-on-year [1] - Transportation: -1.3% year-on-year [1] - Clothing and footwear: -0.6% year-on-year [1] - Communication services: -0.4% year-on-year [1] Additional Insights - Service prices increased by 6.4% year-on-year in August [1] - Food, alcoholic beverages, and tobacco products saw a year-on-year price increase of 6.2% [1] - Energy prices rose by 2.5% year-on-year, while non-food industrial goods (excluding energy) increased by 0.5% year-on-year [1]

美元突破0.8050，但仍受困于近期区间。 该货币对从周三的低点0.8025缓慢走高，但仍受困于0.8060-0.8070区域下方的窄幅区间内。投资者对在 美国关键基本面数据公布前大举押注美元持谨慎态度。 瑞士通胀保持稳定，8月份年化增长率为0.2%，与上月持平。然而，月度通胀率自1月份以来首次下降 0.1%，这与此前预期的持平水平相悖。 疲软的美国数据提振美联储降息希望 美国方面，周三发布的JOLTS职位空缺报告令人失望，显示其表现为过去10个月以来的最差，这加大了 美联储短期内降息的压力。 美联储理事克里斯托弗·沃勒和亚特兰大联储主席拉斐尔·博斯蒂克周三支持了这些观点，暗示美联储将 在9月份降息，并且可能在2025年进一步降息，这限制了美元的上行空间。 市场目前正在等待美国ADP就业数据和ISM服务业PMI数据，以进一步了解美国经济的动能。然而，本 周的亮点是周五的非农就业报告，该报告可能证实市场对美联储在9月份会议上降息25个基点的预期。 瑞士月度消费者物价指数意外收缩，令瑞士央行降息的希望依然存在。 疲软的美国劳动力数据提振了美联储放松政策的希望，并打压美元上涨。 STARTRADER星迈认为，由于瑞 ...

Core Viewpoint - The decline of the US dollar appears to be linked to the consumer price index meeting expectations, according to Monex USA's trading director Juan Perez [1] Group 1 - The US dollar has experienced a decline [1] - The consumer price index has aligned with market expectations [1]

Core Insights - The preliminary statistics released by the Ministry of Internal Affairs and Communications of Japan indicate that the consumer price index (CPI) for the 23 wards of Tokyo increased by 2.9% year-on-year in July, excluding fresh food [1] Group 1 - The CPI increase suggests ongoing inflationary pressures in the Tokyo region, which may impact consumer spending and overall economic growth [1] - The exclusion of fresh food from the CPI calculation highlights the focus on core inflation metrics, which can provide a clearer picture of underlying price trends [1]

Group 1 - The core point of the article is that U.S. retail sales increased by 0.6% in June, surpassing market expectations, but this rise may be influenced by tariff-induced price increases rather than an actual boost in consumer purchasing power [1] - In June, core retail sales (excluding automobiles, gasoline, building materials, and food services) grew by 0.5%, up from a downwardly revised 0.2% in May, indicating a moderate slowdown in consumer spending despite some positive signals [1] - Among 13 major retail categories, 10 experienced growth, with auto sales rebounding after two months of decline, contributing significantly to overall growth [1] Group 2 - The consumer price index (CPI) rose by 0.3% month-on-month and 2.7% year-on-year in June, aligning with market expectations, while core CPI increased by 0.2% month-on-month and 2.9% year-on-year, slightly below the expected 3% [2] - The producer price index (PPI) did not meet expectations, primarily due to a significant decline in service prices, indicating that businesses are absorbing some of the costs from tariff increases [2] - The final demand PPI remained flat month-on-month, with the year-on-year increase dropping from 2.7% in May to 2.3% in June [2]

Report Industry Investment Rating - Not mentioned in the report Core View - The Fed's expected timing of interest rate cuts is delayed, but due to the slower - than - expected bond - issuing pace of the US Treasury, combined with continuous gold purchases by central banks around the world and unresolved geopolitical risks, precious metal prices are likely to rise and difficult to fall. It is recommended that investors mainly lay out long positions on pullbacks [1]. Summary by Relevant Information Gold and Silver Market Data - **Shanghai Gold**: The closing price was 777.46 yuan/g, with a change of 8.16 yuan compared to a certain reference and 5.95 yuan compared to another reference. The trading volume was 38,158, and the open interest was 214,998 [1]. - **COMEX Gold Futures**: The closing price was 3370.30, the trading volume was 180,941, and the open interest was 254,790. The inventory was 36,748,662.05 troy ounces [1]. - **London Gold Spot**: The price was 3332.15 dollars/ounce, with a change of 19.00 dollars compared to a certain reference and - 0.95 dollars compared to another reference [1]. - **Shanghai Silver**: The closing price was 9172.00 yuan/kg, the trading volume was 1,017,134, and the open interest was 3,243,004 [1]. - **COMEX Silver Futures**: The closing price was 38.41 dollars/ounce, the trading volume was 21,699, and the open interest was 131,773. The inventory was 499,281,076.24 troy ounces [1]. - **London Silver Spot**: The price was 37.50 dollars/ounce, with a change of 1.50 dollars compared to a certain reference and 2.11 dollars compared to another reference [1]. Important Information - **Tariff Policies**: The EU plans to impose counter - tariffs on 72 billion euros of US goods. Trump threatens Russia with 100% tariffs if an agreement is not reached within 50 days. Brazil seeks to reduce tariffs to 30% and delay for 90 days. The Trump administration imposes a 17% anti - dumping tariff on Mexican tomatoes [1]. - **US Treasury's Plan**: The US Treasury plans to increase cash reserves to 500 billion and 850 billion dollars by the end of July and September respectively, through increasing the weekly benchmark Treasury auction scale [1]. - **Central Bank Policies and Economic Data**: - The Fed's July interest rate cut probability is low due to higher - than - expected non - farm payrolls in June, but the expected timing of rate cuts is still September/December [1]. - The European Central Bank cut interest rates by 25 basis points in June. The market expects 1 - 2 more rate cuts by the end of 2025 [1]. - The Bank of England cut the key interest rate by 25 basis points in June and may cut rates 2 - 3 times by the end of 2025 [1]. - The Bank of Japan raised interest rates by 25 basis points in January and may reduce quarterly Treasury purchases from 400 billion to 200 billion yen starting in April 2026 [1]. Trading Strategy - For London gold, focus on the support level around 3150 - 3250 and the resistance level around 3500 - 3700. For Shanghai gold, focus on the support level around 730 - 750 and the resistance level around 840 - 900. For London silver, focus on the support level around 34 - 35 and the resistance level around 38 - 40. For Shanghai silver, focus on the support level around 830 - 8600 and the resistance level around 9000 - 10000 [1].

Core Viewpoint - The Reserve Bank of Australia (RBA) Chairman, Philip Lowe, indicated that the monthly Consumer Price Index (CPI) is experiencing significant volatility, suggesting that quarterly data may present a more accurate reflection of economic conditions [1] Group 1 - The RBA is seeking to ensure that the economy aligns with expected pathways [1]

Group 1 - The core point of the article is that Thailand's overall consumer price index (CPI) decreased by 0.25% year-on-year in June, which is a larger decline than the Reuters survey expectation of a 0.10% decrease [1]

Core Insights - The Consumer Price Index (CPI) in Japan for May, excluding fresh food, increased by 3.7% year-on-year, marking an acceleration from the 3.5% rise in April [1] Group 1 - The CPI growth indicates a continuing trend of inflation in Japan's economy [1] - The increase in CPI suggests potential impacts on consumer spending and overall economic conditions [1]