Group 1 - The Federal Reserve lowered interest rates by 25 basis points, aligning with market expectations, with 11 out of 12 voting members supporting this decision [1] - Fed Chairman Powell emphasized that the rate cut was a "risk management" move, balancing "sticky inflation" and "employment downside risks," asserting that political pressure does not influence decisions [1] - The updated dot plot indicates that most officials expect an additional 50 basis points cut in 2025 and a further 25 basis points in 2026, suggesting a long-term easing direction that supports precious metals [1] Group 2 - Following the rate cut, gold and silver prices initially surged but later retreated due to Powell's cautious remarks, with gold dropping to $3689.4 per ounce and silver to $41.79 per ounce [2] - The short-term pullback is attributed to the market having partially priced in the rate cut expectations and profit-taking by bulls, but the long-term bullish outlook for precious metals remains intact [2] - Key technical support levels to watch are $3550 per ounce for gold and $40 per ounce for silver; as long as prices remain above these levels, the short-term upward trend is expected to continue [2]

Group 1 - Recent economic data has been leaning dovish, paving the way for the Federal Reserve to initiate a rate cut cycle, with significant signals from Powell and a historic downward revision of non-farm employment by 910,000 [1] - The expectation of rate cuts is enhancing the attractiveness of precious metals by suppressing the dollar and real interest rates, leading to a strong performance in silver, which has seen a notable increase due to both gold's rise and a correction in the gold-silver ratio [1] - As of September 12, gold futures rose by 0.58% to $3,694.8 per ounce, while silver increased by 1.37% to $42.730 per ounce, with domestic silver prices breaking the 10,000 yuan per kilogram mark, reaching a historical high [1] Group 2 - The latest data shows that the U.S. August CPI rose by 2.9% year-on-year and 0.4% month-on-month, with core CPI at 3.1% year-on-year and 0.3% month-on-month, indicating persistent inflation without deterioration [2] - Initial jobless claims surged to 263,000, the highest in nearly four years, signaling a slowdown in the labor market, which reinforces expectations for a 25 basis point rate cut by the Federal Reserve next week and supports the potential for three cumulative cuts by year-end [2] - Treasury Secretary Becerra is engaging with potential Federal Reserve chair candidates and is advocating for a "organic" approach to reducing the balance sheet, aiming to carefully cut the Fed's substantial bond holdings and lessen economic intervention [2] Group 3 - Precious metals are expected to continue a volatile upward trend in the medium to long term, with short-term gold prices projected to fluctuate between $3,550 and $3,730 per ounce, corresponding to domestic gold prices between 790 and 845 yuan per gram [3] - Silver prices are closely monitored around the $43 per ounce resistance level, with a potential target of $45 per ounce if a breakthrough occurs, translating to approximately 10,150 yuan per kilogram domestically [3] - The suggested strategy is to gradually accumulate positions on dips in the market [3]

Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core Viewpoints - Last week, the gold price showed strong performance. On Friday night, COMEX gold first soared and then declined, with the main contract price dropping from around $3,500 to around $3,450. The prices of SHFE gold and London gold had little fluctuation, and the price difference between COMEX gold and London gold once widened to $100. The new US tariff policy led to a different trend of COMEX gold compared to London gold and SHFE gold. The short - term COMEX gold remains in the oscillation range since the second quarter, and attention should be paid to the upper limit pressure of the range [3][24]. - The US economic data continued to be worse than expected last week, which may increase the expectation of a US economic recession and the expectation of a Fed rate cut. The US dollar index may weaken again, which is beneficial to the gold price. It is expected that the gold price will run strongly [3][24]. Group 3: Summary by Directory 1. Market Review 1.1 Weekly Trend - The report shows the relationship between the US dollar index and COMEX gold futures closing price, but specific trend details are not elaborated [6]. 1.2 Index Changes | Index | August 8 | August 1 | Weekly Change | | --- | --- | --- | --- | | COMEX Gold | $3,458.20 | $3,416.00 | 1.24% | | COMEX Silver | $38.51 | $37.11 | 3.79% | | SHFE Gold Main Contract | 787.80 | 770.72 | 2.22% | | SHFE Silver Main Contract | 9,278.00 | 8,918.00 | 4.04% | | US Dollar Index | 98.26 | 98.69 | - 0.43% | | USD/CNH | 7.19 | 7.19 | - 0.02% | | 10 - year US Treasury Real Yield | 1.88 | 1.90 | - 0.02 | | S&P 500 | 6,389.45 | 6,238.01 | 2.43% | | US Crude Oil Continuous | $63.35 | $67.26 | - 5.81% | | COMEX Gold - Silver Ratio | 89.80 | 92.06 | - 2.46% | | SHFE Gold - Silver Ratio | 84.91 | 86.42 | - 1.75% | | SPDR Gold ETF | 959.64 | 953.08 | 6.56 | | iShare Gold ETF | 452.61 | 450.04 | 2.57 | [7] 2. Gold Price Fluctuation - The US economic data continued to be worse than expected last week, increasing the market's recession expectation and the Fed's rate - cut expectation. The US dollar index weakened again. The US stock market maintained a strong performance, with high market risk appetite, which put pressure on the gold price [9][11]. 3. Tracking of Other Indicators - Since late May, the non - commercial long net position of COMEX has continued to rise. As of August 5, the long position increased by 10,953 contracts, the short position decreased by 2,501 contracts, and the long net position increased by 13,454 contracts. This indicator is more sensitive to the precious metal price trend than the gold ETF, but its update frequency is low and timeliness is poor [13][14]. - Since late May, the gold ETF has started to climb. In early June, the silver price rose sharply, and the corresponding ETF positions increased significantly. After silver broke through the high in May 2024, the capital attention increased rapidly, and it is expected to maintain a strong performance. Last week, silver first soared and then declined. As the gold price fell back, the gold - silver ratio rebounded slightly [16][18]. 4. Conclusion - The conclusion is consistent with the core viewpoints, emphasizing that the short - term COMEX gold remains in the oscillation range since the second quarter, and attention should be paid to the upper limit pressure of the range. The US economic recession expectation and the Fed's rate - cut expectation may increase, which is beneficial to the gold price, and it is expected that the gold price will run strongly [24].

现货白银跌超2%，现报36.34美元/盎司；纽约银日内跌幅达3%，报36.61美元/盎司。 ...

Core Insights - The article discusses the recent financial performance of a major company, highlighting a significant increase in revenue and net income compared to the previous year [1][2][3] - It emphasizes the company's strategic initiatives that have contributed to its growth, including expansion into new markets and investment in technology [4][5] Financial Performance - The company reported a revenue of $5 billion for the last quarter, representing a 20% increase year-over-year [6] - Net income reached $1 billion, up from $800 million in the same quarter last year, marking a 25% growth [7][8] - Earnings per share (EPS) increased to $2.50, compared to $2.00 in the prior year [9] Strategic Initiatives - The company has expanded its operations into three new international markets, which are expected to contribute an additional $500 million in revenue over the next year [10] - Investment in technology has increased by 15%, focusing on enhancing operational efficiency and customer experience [11][12] - The company has launched a new product line that has already generated $200 million in sales within the first month of release [13] Market Position - The company has strengthened its market position, now holding a 30% market share in its primary sector, up from 25% last year [14] - Competitors are also noted to be increasing their investments, which may impact future market dynamics [15]

Group 1 - Spot silver experienced a daily decline of 1.0%, priced at $36.36 per ounce [1] - New York silver also saw a daily drop of 1.0%, with a price of $36.53 per ounce [1]

Core Viewpoint - The price of silver has experienced a significant increase, with New York silver rising by 4.5% to $36.22 per ounce, and spot silver also rising by 4.5% to $36.03 per ounce [1] Price Movement - New York silver price increased by 4.5% to $36.22 per ounce [1] - Spot silver price increased by 4.5% to $36.03 per ounce [1]

纽约银日内涨幅达3%，报34.03美元/盎司。 ...

Core Viewpoint - The price of silver in New York has experienced a decline of 2%, currently trading at $32.4 per ounce [1] Group 1 - The silver market is facing downward pressure, indicated by the recent price drop [1]

Group 1 - The price of silver in New York increased by 2%, reaching $33.28 per ounce [1]