Group 1 - COMEX gold inventory recorded at 1173.52 tons on November 10, unchanged from the previous trading day [1][2] - COMEX gold price closed at $4118.50 per ounce on November 10, up 2.64%, with an intraday high of $4123.90 and a low of $4004.20 [1][2] Group 2 - Divergence in Federal Reserve officials' statements is becoming more pronounced, with San Francisco Fed President Daly supporting a dovish stance while St. Louis Fed President calls for caution, indicating ongoing policy uncertainty affecting market dynamics [2] - Latest data shows the U.S. consumer confidence index dropped to 50.3, a two-year low, while inflation expectations remain high at 4.7%, reinforcing market expectations for the Fed to maintain an accommodative policy [2]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The commodity market declined last week and then rebounded, with an overall decline of 0.47%. The black sector led the decline, while precious metals and agricultural products rose. The market is expected to fluctuate in the short - term due to factors such as the possible end of the US government shutdown and mixed macro - economic indicators [1]. - Different commodity sectors, including precious metals, non - ferrous metals, black metals, energy, chemicals, and agricultural products, are expected to have short - term fluctuations based on their respective fundamentals and macro - economic factors [1][2][3]. Group 3: Summary by Related Catalogs 1. Market Review - The commodity market fell 0.47% last week. The black sector dropped 2.62%, energy and chemicals fell 0.41% and 0.06% respectively, while precious metals and agricultural products rose 0.11% and 0.57% [1]. - Among specific varieties, rapeseed meal, pulp, and eggs had the highest increases of 6.32%, 3.49%, and 2.32% respectively, while asphalt, iron ore, and methanol had the largest declines of 6.04%, 4.94%, and 3.12% [1]. - The 20 - day average volatility of the commodity market decreased, and the market scale increased by nearly 10 billion, with only the precious metals sector showing net capital outflows [1]. 2. Outlook for Different Sectors - **Precious Metals**: Officials' hawkish remarks and the uncertainty of the US government shutdown situation may keep the sector in high - level fluctuations in the short - term [1]. - **Non - ferrous Metals**: With a neutral macro - environment and mixed fundamentals, the sector is expected to fluctuate in the short - term [2]. - **Black Metals**: With weakening demand, falling production, and increasing raw material pressure, the sector may continue to be supported by costs and fluctuate [2]. - **Energy**: The oversupply of crude oil and the impact of the US government shutdown on demand may lead to short - term oil price fluctuations [2]. - **Chemicals**: Cost support from coal and mixed demand expectations may result in short - term fluctuations and mid - term anti - arbitrage opportunities [3]. - **Agricultural Products**: The reduction of US soybean tariffs and the weak rebound of palm oil may lead to different trends in different agricultural products, with some under pressure [3]. 3. Commodity Fund Overview - Gold ETFs generally had negative weekly returns, with a total scale increase of 0.81%. Energy - chemical, soybean meal, non - ferrous metal, and silver ETFs also had different return and scale changes [35].

美国密歇根大学7日发布的初步调查数据显示，美国11月份消费者信心指数初值降至50.3，环比低于10 月份的终值53.6，同比低于去年11月的终值71.8。 同时发布的未来一年通胀预期从10月份的4.6%小幅上升至4.7%。 调查显示，美国11月份消费者信心指数之所以回落约6%，主要原因是当前个人财务状况下降17%，以 及对未来一年商业前景的预期下降11%。由于联邦政府"停摆"已持续一个多月，消费者现在开始担 忧"停摆"可能对经济造成负面影响。 （文章来源：新华社） 这一初值数据也低于市场预期的53.2，表明美国消费者仍然担忧就业和通胀问题。 密歇根大学发布的11月份当前经济状况指数初值降至52.3，低于10月份的终值58.6，也低于去年11月份 的终值63.9。消费者预期指数降至49.0，低于10月份的终值50.3，也低于去年11月份的终值76.9。 ...

这一初值数据也低于市场预期的53.2，表明美国消费者仍然担忧就业和通胀问题。 密歇根大学发布的11月份当前经济状况指数初值降至52.3，低于10月份的终值58.6，也低于去年11月份 的终值63.9。消费者预期指数降至49.0，低于10月份的终值50.3，也低于去年11月份的终值76.9。 新华社纽约11月7日电（记者徐静）美国密歇根大学7日发布的初步调查数据显示，美国11月份消费者信 心指数初值降至50.3，环比低于10月份的终值53.6，同比低于去年11月的终值71.8。 【纠错】 【责任编辑:冯粒】 调查显示，美国11月份消费者信心指数之所以回落约6%，主要原因是当前个人财务状况下降17%，以 及对未来一年商业前景的预期下降11%。由于联邦政府"停摆"已持续一个多月，消费者现在开始担 忧"停摆"可能对经济造成负面影响。 同时发布的未来一年通胀预期从10月份的4.6%小幅上升至4.7%。 ...

（央视财经《天下财经》）美国密歇根大学10日发布的调查数据显示，10月份美国消费者信心指数初值 下降，跌至五个月以来低点。 分析指出，眼下高物价和就业前景低迷仍是美国民众最关心的问题，他们普遍认为短期内情况难以出现 实质性改善。密歇根大学的调查显示，消费者对未来一年通胀预期仍维持在4.6%的高位，长期通胀预 期也稳定在3.7%，二者均远高于美联储2%的政策目标。美联储在9月的议息会议纪要中指出，预计关税 上调将推高今年通胀，到2026年还将进一步加剧通胀压力。与此同时，美国就业市场降温态势明显。同 一项调查显示，仍有近半数美国家庭预计明年就业形势将继续恶化。 转载请注明央视财经 编辑：王昕宇 美国密歇根大学发布的调查数据显示，10月份美国消费者信心指数初值，从9月的55.1降至55，触及5个 月来低点，为连续第三个月下滑。 ...

Group 1 - The consumer confidence index in the U.S. dropped to 94.2 in September, a decrease of 3.6 points from August, marking the lowest level since April [1] - The percentage of respondents who believe job opportunities are "plentiful" fell to 26.9%, a decline of over 3 percentage points from August, while those who think jobs are "hard to find" remained at 19.1% [1] - There is a significant increase in pessimism regarding financial conditions, with the largest single-month decline in perceptions of current financial status since July 2022 [1] Group 2 - The Conference Board's senior economist noted a clear weakening in consumer judgment regarding business conditions, with a continuous deterioration in views on job opportunities for nine months, reflecting the slowing U.S. economic recovery and pressure on household spending [1] - Wall Street analysts suggest that the stability of the labor market is a crucial consideration for Federal Reserve officials as they contemplate future interest rate movements [1] - The Vice Chairman of the Federal Reserve indicated that inflation rates in the U.S. are expected to decline next year, reaching 2% in the coming years, while the downside risks to the labor market are increasing [1] Group 3 - Recent employment data in the U.S. has shown a weaker-than-expected trend for two consecutive months, indicating a cooling labor market [3] - The decline in employment numbers is attributed to reduced labor supply due to immigration policies, which has prevented a significant rise in the unemployment rate, and wage growth remains moderate [3] - Current conditions do not warrant a high-risk assessment for a recession in the U.S. economy at this time [3]

Group 1 - The core point of the article is that the U.S. Consumer Confidence Index dropped to 94.2 in September, marking a decline of 3.6 points from August and reaching its lowest level since April [1] - The index measuring consumers' assessment of current business and employment conditions fell by 7 points to 125.4, while the expectations index, reflecting short-term income prospects and the business and employment environment, decreased to 73.4, significantly below the recession threshold of 80 [1] - The proportion of respondents who believe job opportunities are "plentiful" decreased to 26.9%, down over 3 percentage points from August, while those who find it "hard to get a job" remained at 19.1% [1] Group 2 - There is a notable increase in pessimism regarding financial conditions, with the perception of current financial status experiencing the largest monthly decline since July 2022 [1] - The senior economist at the research institution stated that consumer sentiment regarding business conditions is less optimistic than in recent months, and perceptions of current employment conditions have declined for the ninth consecutive month, reaching a multi-year low [1] - Analysts suggest that the stability of the labor market is a crucial consideration for Federal Reserve officials as they contemplate future interest rate movements, with expectations that the Fed will lower the benchmark interest rate by 0.5 percentage points by the end of the year [1]

Core Insights - The Consumer Confidence Index in the U.S. dropped to 94.2 in September, a decrease of 3.6 points from August, marking the lowest level since April [1] - The assessment index for current business and employment conditions fell by 7 points to 125.4, while the consumer expectations index dropped to 73.4, significantly below the recession threshold of 80 [1] - The percentage of respondents who believe job opportunities are "plentiful" decreased to 26.9%, down over 3 percentage points from August, while those who find it "hard to get a job" remained at 19.1% [1] - There is an increasing pessimism regarding financial conditions, with the largest monthly decline in perceptions of current financial status since July 2022 [1] - The report indicates a declining sentiment towards business conditions and employment, with the current employment perception hitting a multi-year low for the ninth consecutive month [1] Economic Implications - The stability of the labor market is a crucial consideration for Federal Reserve officials as they contemplate future interest rate movements [1] - Market expectations suggest that the Federal Reserve may lower the benchmark interest rate by 0.5 percentage points before the end of the year [1]

每经AI快讯，9月26日消息，美国9月密歇根大学消费者信心指数终值为55.1，预估55.4，前值55.4。 ...

Group 1 - The preliminary report from the University of Michigan indicates a decline in the U.S. consumer confidence index to 55.4 in September, marking the lowest level since May and a second consecutive month of decline [1][2] - The report highlights that the long-term inflation expectations have risen for two consecutive months, contributing to increased uncertainty in the economic outlook [2] - The decline in consumer confidence suggests potential reductions in consumer spending, which could negatively impact overall economic growth [2] Group 2 - Analysts point out that the ongoing decrease in consumer confidence reflects the dual pressures of slowing growth and rising inflation facing the U.S. economy [2] - The increase in the probability of personal unemployment among consumers indicates heightened concerns about job market stability, which weighs heavily on consumer sentiment [2] - Recent data shows that in August, U.S. employers added only 22,000 jobs, significantly below market expectations, indicating a slowdown in the labor market [2]