摘要今日周四（9月18日）亚盘时段，国际黄金目前交投于3651.49美元附近，截至发稿，国际黄金最新 报3657.58美元/盎司，跌幅0.05%，最高上探3671.65美元/盎司，最低触及3651.49美元/盎司。目前来 看，国际黄金短线偏向看涨走势。 今日周四（9月18日）亚盘时段，国际黄金目前交投于3651.49美元附近，截至发稿，国际黄金最新报 3657.58美元/盎司，跌幅0.05%，最高上探3671.65美元/盎司，最低触及3651.49美元/盎司。目前来看， 国际黄金短线偏向看涨走势。 【要闻速递】 美联储结束为期两天的货币政策会议，宣布将联邦基金利率目标区间下调25个基点到4.00%至4.25%之 间。在12位美联储票委中，有11人支持降息25个基点，仅本周刚确认加入理事会的且由美国总统特朗普 提名的美联储理事米兰，主张更大幅度地降息50个基点。 这既是美联储2025年内的首次降息，也是在2024年连续三次（9月、11月、12月）累降100个基点之后， 时隔九个月的再度重启降息。而本月降息的理由也较为明确，即近期劳动力市场疲软带来的阻力已远超 通胀的温和反弹，美联储需采取"预防性"措施来应对可能 ...

Group 1: Silver Futures Market - The total silver futures warehouse receipts reported by the Shanghai Futures Exchange on August 11 amounted to 1,151,962 kilograms, with a decrease of 6,425 kilograms compared to the previous day [1][4] - The main silver futures contract opened at 9,260 yuan per kilogram, reached a high of 9,293 yuan, a low of 9,192 yuan, and closed at 9,210 yuan, reflecting a decline of 0.72% [1] Group 2: U.S. Labor Market and Economic Indicators - Following the Federal Reserve's July meeting, the labor market has shown significant changes, with July non-farm employment increasing by only 73,000, well below the market expectation of 104,000 [2] - The downward revision of the previous two months' employment data by a total of 258,000 marks the largest adjustment since 1979, leading to a three-month moving average employment increase of only 35,000 [2] - The unemployment rate rose by 0.1 percentage points to 4.2%, which remains low and aligns with expectations [2] - The upcoming Jackson Hole conference (August 21-23) is anticipated to be a critical window for Fed Chair Powell to adjust forward guidance based on the labor market data [2] Group 3: U.S. Treasury Yield Movements - Following the non-farm data release, the 2-year and 10-year Treasury yields fell by over 20 basis points and 10 basis points, respectively, indicating a market re-evaluation of policy expectations after the recent hawkish FOMC meeting [3] - The ability of U.S. Treasury yields, particularly the 10-year yield, to maintain an upward trend will depend on the upcoming CPI data on August 12 [3]

Group 1 - The Federal Reserve is facing its most complex power transition challenge in history, which creates significant uncertainty in the market [2][4] - Historical parallels are drawn between current pressures on the Federal Reserve and past events, highlighting the potential for long-term economic impacts [4] - The behavior of institutional funds in response to macro changes will ultimately influence market dynamics, often leaving ordinary investors at a disadvantage [4] Group 2 - In the age of information overload, investors experience heightened anxiety due to the inability to discern true market behaviors [5] - A focus on real trading data rather than being swayed by news can lead to better investment decisions [5][6] - Quantitative data processing reveals underlying market dynamics that are not immediately visible, helping to clarify the true nature of market movements [8][12] Group 3 - Quantitative analysis can transform chaotic market behaviors into recognizable and analyzable information, akin to using an X-ray to view internal structures [14] - Understanding the operational patterns of institutional funds can provide insights into market behavior, applicable to both macro events and individual stock fluctuations [15] Group 4 - Key insights for investors include focusing on behavioral patterns rather than news, establishing a personal data analysis system, maintaining independent thought, and accumulating long-term observations to grasp market rules [17]