Group 1: Report Industry Investment Ratings - There is no information provided regarding report industry investment ratings in the given content. Group 2: Core Views of the Report - The report provides short - term evaluations and trading suggestions for various commodities, including gold, crude oil, iron ore, etc. It analyzes the impact of different factors such as trade agreements, production plans, and policy regulations on commodity prices and market trends [1][3][4]. Group 3: Summaries by Commodity Gold - The US - EU trade agreement is favorable to the US and negative for the euro, causing the US dollar index to rise. Gold has a short - term rebound demand and may fluctuate upward, but the dollar - gold seesaw effect should be monitored. The Jackson Hole Annual Meeting on Friday may increase precious metal volatility [1]. Crude Oil - Iraq plans to increase daily oil production to nearly 6 million barrels by 2028, and India will continue to buy Russian oil. There is a situation of weak expectations against the reality of non - accumulated inventory. It is advisable to wait and see at the current position [1]. Iron Ore - In August, the iron ore fundamentals have few contradictions. High iron - water production provides strong demand support. The ore price is expected to fluctuate within a range, with a reference support level of 750 yuan/ton [3]. Coking Coal - The capacity utilization rate of coking coal mines has increased. The demand side has some support from high iron - water production, but attention should be paid to temporary production - restriction policies. The coking coal price is expected to fluctuate in the short term [3]. Rebar - The fundamentals of steel are weak, but due to environmental protection policies and policy expectations, the probability of a sharp decline in rebar prices is low. Short - term long positions can be considered in the 3000 - 3100 area, and caution is needed when pre - laying long positions in the far - month contracts [4]. Live Pigs - The national average pig - grain ratio has fallen below 6:1, triggering a third - level warning. The state will conduct central frozen pork reserve purchases, which can boost the pig price in the short term. Short - term long positions can be tried, and farmers can choose to sell for hedging according to the slaughter rhythm [5]. Palm Oil - Indonesia's palm oil inventory is at a low level, and the consumption peak season is approaching. The palm oil price is expected to fluctuate strongly at a high level in the short term [6]. Soybeans - The 2025/26 global soybean production forecast has been slightly increased. The domestic soybean market is in a situation of weak supply and demand, and the domestic soybean price is expected to remain weakly stable in the short term [8]. Silver - The US economic data shows resilience, and the US - EU agreement boosts risk appetite. The silver price is expected to fluctuate upward, and attention should be paid to the Jackson Hole Annual Meeting [8]. Medium - and Long - Term Treasury Bonds - The upcoming large - scale policy - based financial instruments may increase stock market investment and have a negative impact on the bond market. The bond market is expected to show more volatility, and short positions can be considered for long - term bonds at key resistance levels [9]. Rubber - The supply of rubber is sufficient as the Southeast Asian production season approaches, and the demand is weak. The rubber price is expected to fluctuate in the short term [10]. PTA - Jiangsu's policy draft signals a solution to over - capacity. For PTA, the proportion of 1 million - ton/year devices is low, and the price is expected to rise slightly in the short term, but caution is needed at high levels [11].

Group 1: Report Industry Investment Ratings - No information provided Group 2: Core Views of the Report - The anti - dumping deposit policy on Canadian rapeseeds will reshape the domestic rapeseed meal supply - demand pattern, with supply tightening and price rising. Short - term observation is recommended, and future trade policies should be monitored [2] - The pig price is stable and strong, with short - term range - bound fluctuations. It is recommended not to over - expect in the short - term and to long the LH2511 contract in the medium - to - long - term. Farmers can sell for hedging according to the出栏 rhythm [2] - The short - term bond market is bearish due to rising funds and stock market trends. Treasury bonds are expected to fluctuate downward [4] - Silver is expected to fluctuate upward due to inflation data and increased rate - cut expectations [4] - Gold is affected by conflicting factors, with increased rate - cut expectations being positive and the possible end of the Russia - Ukraine conflict being negative. It is expected to fluctuate downward [4] - Palm oil prices are expected to be high - level range - bound due to good export data and positive news [5] - Iron ore prices are expected to be range - bound, and it is recommended to hold long positions in the 2601 contract [5] - Manganese silicon is expected to follow the sector's fluctuations, with cost support but increasing supply pressure [6] - Rebar prices are expected to be bullish in the short - term due to positive news [7] - Methanol is expected to fluctuate in the short - term, and observation is recommended [8] - LLDPE is expected to fluctuate in the short - term, and observation or short - selling on rebounds is recommended [9] - Soda ash is expected to fluctuate in the short - term, and observation is recommended [10] Group 3: Summaries by Short - Comments Rapeseed Meal - China's Ministry of Commerce imposed a 75.8% deposit on Canadian rapeseed imports starting August 14. The final ruling will affect the deposit refund. The policy will reshape the domestic rapeseed meal supply - demand pattern [2] Live Pigs - On August 12, the pork price at the national agricultural product wholesale market was 20.26 yuan/kg, up 0.3%. The pig price is stable and strong, with short - term range - bound fluctuations [2] Short - term Treasury Bonds - Shibor short - end rates mostly rose. Rising funds and stock market trends are negative for short - term bonds [4] Silver - US inflation data in July was in line with expectations. Increased rate - cut expectations led to a weaker US dollar, and silver is expected to rise [4] Gold - Trump urged the Fed to cut rates and threatened to sue Powell. Increased rate - cut expectations are positive for gold, but the possible end of the Russia - Ukraine conflict is negative [4] Palm Oil - Malaysia's palm oil exports from August 1 - 10 increased by 65.25% compared to the previous month. Positive factors are driving the price [5] Iron Ore - The inventory at 47 ports increased by 45.26 tons, and the daily discharge volume increased. Overseas mines are in the off - season, and prices are expected to be range - bound [5] Manganese Silicon - The capacity utilization rate of 187 independent silicon - manganese enterprises increased by 1.2%. Cost support is strong, but supply pressure is increasing [6] Rebar - On August 12, domestic steel prices continued to rise. Positive news is driving the price up in the short - term [7] Methanol - Northwest production enterprise orders decreased, port inventory increased, and production capacity utilization decreased. It is expected to fluctuate [8] Plastic (LLDPE) - LLDPE prices rose, production increased, and inventory rose. It is expected to fluctuate, and short - selling on rebounds is an option [9] Soda Ash - Soda ash prices were weak, production increased, and inventory rose. It is expected to fluctuate [10]

Group 1 - The Shanghai gold futures closed at 787.80 yuan per gram on August 8, with a daily increase of 0.56% and a trading volume of 251,828 contracts [1] - The spot price of gold in Shanghai was quoted at 782.30 yuan per gram, indicating a discount of 5.5 yuan per gram compared to the futures price [1] - The U.S. employment market showed signs of slowing down, leading to discussions about potential interest rate cuts by the Federal Reserve, with Trump advocating for a 3% cut [1] Group 2 - U.S. Treasury Secretary Mnuchin has begun the interview process for the new Federal Reserve chair, with Waller being considered a top candidate due to his willingness to support interest rate cuts [2] - Changes in Federal Reserve officials are expected to reinforce a future easing policy, which is bullish for gold [2] - The potential resolution of the Russia-Ukraine conflict may favor risk assets and negatively impact safe-haven assets like gold [2]

Group 1: Gold Market Overview - On August 1, the closing price of Shanghai gold futures was 770.72 yuan per gram, with a daily increase of 0.10% and a trading volume of 189,185 lots [1] - The spot price of gold in Shanghai on the same day was quoted at 767.20 yuan per gram, indicating a discount of 3.52 yuan per gram compared to the futures price [1] Group 2: U.S. Tariff Policy and Market Sentiment - The U.S. is set to reinstate "reciprocal tariffs" on August 1, with ongoing negotiations with several economies, including the UK, Vietnam, and the EU [2] - Despite President Trump's statement that there will be no further delays, U.S. Treasury Secretary Mnuchin emphasized that the negotiation window remains open even with the tariff increase [2] - Market sentiment appears to be weak regarding the tariff negotiations, with a focus on upcoming U.S. non-farm payroll and unemployment rate data to gauge the potential impact on the dollar index and gold prices [2]