Group 1 - The Producer Price Index (PPI) in South Korea increased by 0.5% year-on-year in June, compared to a 0.3% increase in the previous month [1]

Group 1 - The core point of the article indicates that Germany's Producer Price Index (PPI) for June decreased by 1.3% year-on-year, matching market expectations and showing a slight decline from the previous value of -1.2% [1]

Group 1 - The core viewpoint of the news indicates that the gold market is currently experiencing a bearish trend, with prices fluctuating around $3336.89 to $3352.19 per ounce, reflecting a slight decline of 0.22% [1] - The U.S. Producer Price Index (PPI) for June unexpectedly remained flat, contrasting with the market expectation of a 0.2% increase, which suggests that inflationary pressures may be easing, providing support for gold prices [3] - The Federal Reserve's Beige Book highlights the widespread impact of tariffs on the economy, with businesses reporting rising cost pressures being passed on to prices, which enhances gold's long-term value as a hedge against inflation [3] Group 2 - The daily gold price chart shows a pattern of highs and lows, indicating a volatile trading environment, with the price reaching a high of $3377 and a low of $3320, suggesting a potential consolidation phase [4] - The Bollinger Bands on the 4-hour chart are narrowing, indicating limited price movement, with gold prices expected to oscillate between $3370 and $3320 in the short term [5]

Core Viewpoint - The recent fluctuations in gold prices are influenced by geopolitical tensions, U.S. monetary policy uncertainty, and trade disputes, which have heightened market volatility and increased demand for gold as a safe-haven asset [3][4]. Fundamental Analysis - The independence crisis of the Federal Reserve and President Trump's comments about possibly firing Powell have caused market turbulence, leading to a drop in the dollar index and a rise in gold prices [3]. - Market expectations for a potential interest rate cut by the Federal Reserve in September have increased due to economic slowdown forecasts, which may favor gold prices [3]. - The U.S. Producer Price Index (PPI) for June remained flat month-on-month, easing concerns about immediate tightening of monetary policy, while year-on-year PPI showed an increase, indicating potential long-term inflation risks that could benefit gold [3]. - Geopolitical risks, particularly Israel's airstrikes in Syria, have intensified market risk aversion, boosting gold demand [3]. - Trade tensions, including Trump's threats of tariffs on EU imports and a unified tax rate on over 150 countries, have raised inflation and economic growth concerns, prompting investors to seek gold as a hedge [4]. Technical Analysis - Gold is currently within a triangular convergence range since reaching 3500, with recent volatility observed [5]. - Key support levels include the 5/30-day moving average around 3342 and the 10/20-day moving average near 3332/3330, with a critical support level at 3319 [7]. - Resistance levels to watch are the recent high of 3377 and the 3400 area, which has previously acted as a resistance zone [7]. - The four-hour chart indicates a complex structure, with key levels at 3282 and 3247 to monitor for potential downward breaks [9]. Upcoming Focus - Key economic data releases to watch include U.S. retail sales for June and initial jobless claims for the week ending July 12, which could impact market sentiment and gold prices [4].

Group 1 - Gold prices showed an upward trend, recovering above the 3340 mark to reach 3341.60 USD/oz, with an increase of approximately 0.5% [1] - The rise in gold prices is primarily attributed to a slight decline in the US dollar and bond yields [1][3] - The US dollar index has retreated from a one-month peak, currently at 98.47, down about 0.15%, enhancing gold's appeal to holders of other currencies [3] Group 2 - The latest US CPI data exceeded market expectations, exerting significant downward pressure on gold prices [4] - The geopolitical situation remains unstable, causing fluctuations in risk aversion sentiment, which has not provided sustained upward momentum for gold prices [4] - From a technical analysis perspective, gold prices are currently above moving average support levels, but the overall trend remains unclear, with key resistance levels at 3350, 3360, and 3380, and support levels at 3320, 3300, and 3280 [4]

Core Point - France's Producer Price Index (PPI) increased by 0.2% year-on-year in May, compared to a previous value of -0.8% [1] Group 1 - The current PPI indicates a shift from deflation to slight inflation in the producer sector [1]

Core Insights - The Producer Price Index (PPI) in the U.S. for May showed a modest increase, with core PPI reaching its lowest level since August 2024, indicating that tariffs have not significantly pressured consumer and business prices [1][3] Group 1: PPI Overview - The PPI rose by only 0.1% month-over-month in May, below economists' expectations of 0.2%. Core PPI also increased by 0.1%, with goods prices (excluding food and energy) rising by 0.2% and service prices by 0.1% [3][5] - The report reflects a continuation of the mild performance seen in the Consumer Price Index (CPI) over the past four months, suggesting that the impact of tariff increases on the American public has been relatively subdued so far [3][5] Group 2: Profit Margins and Price Trends - Wholesale and retail profit margins expanded in May, particularly in the vehicle and machinery wholesale sectors, following a contraction in April. This indicates that businesses are absorbing tariff costs without passing them on to consumers [3][5] - Food prices saw a slight increase of 0.1% after two months of decline, while energy costs remained stable. Intermediate demand processing goods costs showed minimal increases, and raw goods prices have declined for three consecutive months [5][6] Group 3: Specific Price Changes - The final demand services index rose by 0.1% in May, rebounding from a 0.4% decline in April, primarily due to a 0.4% increase in trade service profit margins. Notable increases were seen in mechanical and vehicle wholesale profit margins, which surged by 2.9% [5][6] - In the final demand goods category, prices increased by 0.2% in May, with tobacco products rising by 0.9%. Conversely, airline fuel prices dropped by 8.2% [5][6] Group 4: Market Reactions - Following the PPI report, traders fully priced in the scenario of two interest rate cuts by the Federal Reserve within the year [9] - The dollar index fell approximately 20 points to 97.70, while U.S. stock futures saw a slight uptick, with the Nasdaq 100 futures narrowing their decline to 0.5% [10][11]

澳大利亚一季度PPI季环比 0.9%，前值 0.8%。 ...