Group 1 - Domestic precious metal futures showed mixed results on August 6, with Shanghai gold main contract priced at 783.72 CNY per gram, down 0.08%, and Shanghai silver main contract at 9192.00 CNY per kilogram, up 1.29% [1][2] - International precious metal futures also displayed mixed performance, with COMEX gold priced at 3430.80 USD per ounce, down 0.12%, and COMEX silver at 37.89 USD per ounce, up 0.15% [1][2] Group 2 - The U.S. trade balance recorded a deficit of 60.2 billion USD in June, the smallest since September 2023 [3] - The final S&P Global Services PMI for July in the U.S. was 55.7, exceeding expectations of 55.2 and matching the previous value [3] - The probability of maintaining interest rates in September is 7.6%, while the probability of a 25 basis point rate cut is 92.4% [3] Group 3 - On August 5, COMEX gold prices increased by 0.25% to 3435.00 USD per ounce, while Shanghai gold main contract rose by 0.01% to 784.40 CNY per gram [4] - The market currently anticipates a greater than 90% probability of a 25 basis point rate cut by the Federal Reserve in September, which is expected to support stronger gold prices [4]

Market Overview - Domestic precious metal futures showed a positive trend on July 18, with the main gold contract priced at 776.40 CNY per gram, an increase of 0.16%, and the main silver contract at 9227.00 CNY per kilogram, up by 0.85% [1] - International precious metals also experienced gains, with COMEX gold priced at 3344.90 USD per ounce, down by 0.01%, and COMEX silver at 38.49 USD per ounce, up by 0.16% [1] Price Data - The opening, highest, and lowest prices for the main contracts on July 18 were as follows: - Main Gold (沪金): Opened at 772.00 CNY, reached a high of 777.66 CNY, and a low of 771.90 CNY per gram [2] - Main Silver (沪银): Opened at 9110.00 CNY, peaked at 9244.00 CNY, and dropped to a low of 9095.00 CNY per kilogram [2] - COMEX Gold: Opened at 3347.50 USD, with a high of 3350.30 USD and a low of 3337.20 USD per ounce [2] - COMEX Silver: Opened at 38.42 USD, reached a high of 38.58 USD, and a low of 38.38 USD per ounce [2] Market Sentiment - The market sentiment remains mixed, with significant divergence between bulls and bears, leading to unclear short-term trends in gold prices [4]

Group 1 - New York gold futures reached $3,350 per ounce, with a daily increase of 0.73% [1] - New York silver futures surpassed $38 per ounce, with a daily increase of 1.86% [1]

Group 1 - Domestic precious metal futures experienced a rise, with Shanghai gold quoted at 781.30 CNY per gram, an increase of 0.03%, and Shanghai silver at 8770.00 CNY per kilogram, up by 0.35% [1] - International precious metals showed mixed results, with COMEX gold priced at 3369.60 USD per ounce, down by 0.44%, while COMEX silver was at 36.09 USD per ounce, up by 0.38% [1] Group 2 - The price movements of gold are influenced by multiple factors, including the Federal Reserve's decision to maintain interest rates unchanged, which has tempered expectations for rate cuts, putting pressure on gold prices [3] - The recent military actions by the U.S. against Iran's nuclear facilities have introduced new uncertainties into the global economy, leading to a sharp rise in energy prices, which could suppress consumer spending and investment activities [3] - Morgan Stanley's chief economist highlighted that rising oil prices, in the context of high tariffs from the Trump administration, could significantly pressure household consumption and overall economic growth [3] Group 3 - Last week, COMEX gold prices fell by 1.98% to 3384.40 USD per ounce, while Shanghai gold futures dropped by 1.99% to 778.58 CNY per gram [4] - Current CME data indicates an 84.5% probability of maintaining interest rates in July, with a 15.5% chance of a 25 basis point cut, and a 60% cumulative probability of a 25 basis point cut by September [4]

Price Performance - London Gold latest price is 3339.90, down 34.70 [1] - London Silver latest price is 36.19, up 0.39 [1] - London Platinum latest price is 1134.00, up 55.00 [1] - London Palladium latest price is 1014.00, up 14.00 [1] - WTI Crude latest price is 64.58, up 1.21 [1] - LME Copper latest price is 9756.00, up 118.50 [1] - Dollar Index latest is 99.20, up 0.46 [1] - Euro to US Dollar latest is 1.14, no change [1] - Pound to US Dollar latest is 1.35, no change [1] - US Dollar to Japanese Yen latest is 144.86, up 1.27 [1] - US 10 - year TIPS latest is 2.20, up 0.09 [1] Trading Data - COMEX Silver inventory data not provided [2] - SHFE Silver latest inventory is 1117.94, up 10.63 [2] - Gold ETF latest holding is 934.21, down 1.44 [2] - Silver ETF latest holding is 14709.29, up 36.76 [2] - SGE Silver latest inventory is 1396.61, no change [2] - SGE Gold latest deferred fee payment direction is 1, no change [2] - SGE Silver latest deferred fee payment direction is 1, down 1.00 [2]

Group 1 - Domestic precious metal futures experienced an overall increase, with the main Shanghai gold contract priced at 777.30 CNY per gram, up by 0.29%, and the main Shanghai silver contract at 8280.00 CNY per kilogram, up by 0.49% [1] - International precious metal prices showed mixed results, with COMEX gold priced at 3332.10 USD per ounce, down by 0.76%, and COMEX silver at 33.57 USD per ounce, down by 0.21% [1] Group 2 - As of May 17, the number of initial jobless claims in the U.S. was 227,000, slightly below the market expectation of 230,000, indicating a healthy job market despite trade policy uncertainties [3] - The U.S. manufacturing PMI rose to a three-month high of 52.3, while the services PMI initial value also reached 52.3, marking a two-month high [3] - The CME "FedWatch" tool indicates a 94.4% probability of maintaining interest rates in June, with a 5.6% chance of a 25 basis point cut [4]

Group 1 - Domestic precious metal futures showed mixed results, with Shanghai gold futures at 780.10 CNY per gram, up 0.10%, and Shanghai silver futures at 8263.00 CNY per kilogram, down 0.37% [1] - International precious metals saw an overall increase, with COMEX gold priced at 3329.60 USD per ounce, up 1.05%, and COMEX silver at 33.39 USD per ounce, up 0.63% [1] - The opening prices for Shanghai gold and silver were 775.22 CNY and 8236.00 CNY respectively, with their highest prices reaching 780.58 CNY and 8286.00 CNY [2] Group 2 - The S&P Global reported that the U.S. manufacturing PMI rose to 52.3 in May from 50.2 in April, exceeding expectations of 50.1, while the services PMI also increased to 52.3 [3] - Initial jobless claims in the U.S. for the week ending May 17 were 227,000, lower than the previous week's 229,000 and below the expected 230,000, indicating a stable labor market [3] - Recent market analysis indicated that gold faced profit-taking pressure after a recent rally, with a stronger dollar acting as a negative factor, although the overall outlook for gold remains bullish due to global bond market volatility [3]

Group 1 - Precious metal futures experienced a sharp increase, with the main contract for gold in Shanghai rising nearly 2%, currently priced at 770 yuan per gram [1] - The main contract for silver in Shanghai increased by over 1%, currently priced at 8207 yuan per kilogram [1]

Market Overview - Domestic precious metal futures experienced an overall increase, with the main Shanghai gold price at 785.14 CNY per gram, up by 0.47%, and the main Shanghai silver price at 8215.00 CNY per kilogram, up by 0.12% [1] - In contrast, international precious metal futures saw a decline, with COMEX gold priced at 3325.80 USD per ounce, down by 0.86%, and COMEX silver at 33.34 USD per ounce, down by 0.18% [1] Price Movement - On April 29, 2025, the opening, highest, and lowest prices for the main Shanghai gold were 782.90 CNY, 794.66 CNY, and 780.52 CNY per gram respectively [2] - The main Shanghai silver had opening, highest, and lowest prices of 8190.00 CNY, 8258.00 CNY, and 8176.00 CNY per kilogram respectively [2] - For COMEX gold, the opening, highest, and lowest prices were 3354.90 USD, 3359.30 USD, and 3314.80 USD per ounce respectively [2] - COMEX silver had opening, highest, and lowest prices of 33.40 USD, 33.50 USD, and 33.10 USD per ounce respectively [2] Economic Context - Recent observations indicate that U.S. President Trump's "pain threshold" is becoming a key factor limiting his potential market disruptions, as he has retreated from aggressive stances in response to financial market pressures [3] - Trump's concessions include postponing a planned tariff policy for 90 days after bond market volatility and retracting threats to dismiss Federal Reserve Chairman Powell amid declines in the stock market, bond market, and U.S. dollar [3] - These adjustments reflect the reality of economic interests, as stock market performance impacts his political image and public pensions, while bond market stability is crucial for government financing and his signature tax cuts [3] Federal Reserve Outlook - As of April 28, 2025, COMEX gold closed at 3354.8 USD per ounce, with a gain of 1.71%, while domestic SHFE gold closed at 793.68 CNY per gram, up by 1.57% [4] - According to CME's "FedWatch," the probability of the Federal Reserve maintaining interest rates in May is 91.1%, with an 8.9% chance of a 25 basis point cut [4] - The likelihood of the Fed keeping rates unchanged until June is 37.4%, with a cumulative 25 basis point cut probability of 57.3% and a 50 basis point cut probability of 5.3% [4]

Group 1 - Precious metal futures experienced a sharp increase, with the main gold contract in Shanghai rising over 1% to a current price of 791.16 yuan per gram [1] - The main silver contract in Shanghai turned positive, currently up 0.24% at a price of 8225 yuan per kilogram [1]