Group 1 - The article discusses the upcoming expiration of the tariff suspension measures between China and the US on August 12, and the potential for easing trade risks based on recent trade agreements between the US and other economies like Japan and the EU [7] - It highlights the ongoing economic situation in July, characterized by strong supply but weak demand, with consumer and investment data showing significant weakness while industrial production remains resilient [11] - The article notes that the weak Producer Price Index (PPI) is influenced by low capacity utilization rates in upstream and downstream sectors, indicating underlying economic challenges [12] Group 2 - The financial data for July indicates a rebound in M2 year-on-year growth, primarily driven by an active capital market [15] - The article mentions that the US has established a three-tiered tariff system as part of its trade agreements, with significant uncertainty regarding the execution of investment and procurement commitments [17][18] - It emphasizes the long-term and targeted nature of tariff leverage, with secondary and transshipment tariffs gradually taking shape [18]

韩国总统李在明：美国贸易协议是"一项相当大的成就"。 ...

Group 1 - Gold prices rebounded from a three-week low of $3,302, indicating a potential recovery despite ongoing market caution [3][4] - The market is awaiting key U.S. economic data, including the second quarter GDP and Federal Reserve policy announcements, which may influence gold prices [4] - The U.S.-China trade negotiations have shown no immediate results, leading to a cautious market sentiment, while reports suggest a potential extension of the trade truce by a quarter [4] Group 2 - Technical analysis indicates that gold prices face downward risks, particularly after falling below the key support level of $3,342 [7] - The Relative Strength Index (RSI) is currently near 45, suggesting bearish potential for gold prices [7] - Gold may retest the three-week low of $3,302, with further declines potentially testing the July 9 low of $3,283 [8] Group 3 - The last defense line for gold buyers is set at the June 30 low of $3,248, while regaining a close near $3,345 is crucial for a meaningful rebound [9] - The next resistance level is at $3,380, leading towards the $3,400 mark [9]

美国贸易代表格里尔：我们并没有感受到要达成更多协议的压力。 ...

Core Viewpoint - The South Korean Trade Minister is engaging in discussions with U.S. Commerce Secretary Gina Raimondo regarding manufacturing cooperation, emphasizing the necessity of including industry tariffs in U.S. trade agreements [1] Group 1 - The South Korean Trade Minister will hold further talks with U.S. Commerce Secretary Raimondo on Wednesday [1] - The discussions focus on collaboration in the manufacturing sector [1] - The inclusion of industry tariffs is highlighted as a critical aspect of the U.S. trade agreement [1]

Core Viewpoint - Gold prices are experiencing weekly losses, trading below $3,330, as the market awaits the release of the U.S. PCE inflation data for new incentives [1][4]. Group 1: Market Conditions - The U.S. dollar is rebounding from multi-year lows amid optimism regarding U.S. trade agreements and a hawkish stance from the Federal Reserve [2]. - Traders are avoiding establishing directional positions in both the dollar and gold ahead of the core PCE price index release [6]. - The market anticipates a rise in the core PCE price index for May to 2.3%, up from 2.1% in April, with a monthly increase of 0.1% expected [7]. Group 2: Federal Reserve Expectations - Higher-than-expected core PCE data could reignite market expectations for a rate cut by the Federal Reserve in July [8]. - Current market probabilities for a Fed rate cut in July stand at 21%, while September's probability is at 75%, according to CME Group's Fed Watch tool [9]. - The upcoming data will be crucial in determining the timing of the Fed's next rate cut, significantly impacting the non-yielding gold prices [10]. Group 3: Technical Analysis of Gold Prices - Gold prices are struggling near the 50-day simple moving average (SMA) support level, currently at $3,325, with a potential test of this level again [3][17]. - The 14-day relative strength index (RSI) is below the midline, indicating continued downside potential, currently trading close to 46 [18]. - A weekly close below the 50-day SMA support could confirm a new downtrend, opening the door to test the 50% Fibonacci retracement level of the April record rebound at $3,232 [19]. Group 4: Resistance and Support Levels - Immediate resistance is at the 50-day SMA, and a breakthrough could test the 21-day SMA barrier at $3,354 [21]. - Regaining the 21-day SMA is crucial for a rebound from the two-week low [22]. - The next upward obstacle is at the 23.6% Fibonacci level of $3,377, and a decisive breakthrough could target the $3,400 threshold for gold buyers [24].

Core Viewpoint - The Governor of the Bank of England, Andrew Bailey, has not yet received a briefing regarding the U.S. trade agreement [1] Group 1 - The statement indicates a lack of current information on U.S. trade agreements, which may impact economic relations and market expectations [1]

Group 1 - The Bank of England Governor Bailey stated that tariffs and trade uncertainties are putting pressure on economic activity [1] - The overall impact on UK inflation remains unclear [1] - A significant decline in global trade prices is expected [1] Group 2 - There has been no communication regarding a trade agreement with the United States [1] - Trade agreements are welcomed as they would reduce uncertainty [1]