贵金属早报 价 格 表 现 品种 伦敦金 伦敦银 伦敦铂 伦敦钯 WTI原油 LME铜 | 最新 | 3334.25 | 38.01 | 1331.00 | 1110.00 | 63.66 | 9714.50 | | --- | --- | --- | --- | --- | --- | --- | | 变化 | -4.05 | 0.44 | -7.00 | -17.00 | 0.14 | 15.50 | | 品种 | 美元指数 | 欧元兑美元 | 英镑兑美元 | 美元兑日元 | 美国10年期TIPS | | | 最新 | 97.72 | 1.17 | 1.35 | 146.94 | 1.85 | | | 变化 | -0.93 | 0.01 | 0.01 | -1.44 | -0.09 | | 交 易 数 据 | 日期 | COMEX白银 | 上期所白银 | 黄金ETF持仓 | 白银ETF持仓 | 上金所白银 | 上金所黄金 | 上金所白银 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 库存 | 库存 | | | 库存 | 递延费支付方向 | ...

Group 1 - Domestic precious metal futures showed mixed results on August 22, with Shanghai gold futures at 773.12 CNY per gram, down 0.39%, and Shanghai silver futures at 9200.00 CNY per kilogram, up 0.45% [1] - International precious metals futures were all in the red, with COMEX gold priced at 3369.40 CNY per ounce, down 0.42%, and COMEX silver at 37.97 USD per ounce, down 0.35% [1] - The opening prices for Shanghai gold and silver were 776.00 CNY per gram and 9187.00 CNY per kilogram, respectively, with their highest prices reaching 777.22 CNY and 9254.00 CNY [2] Group 2 - As of the week ending August 16, initial jobless claims increased by 11,000 to 235,000, marking the largest increase since late May [3] - The probability of maintaining interest rates in September is 25%, while the probability of a 25 basis point rate cut is 75% [3] - Market expectations suggest that cumulative rate cuts of 25 basis points have a probability of 51.5% by October, with a 35.3% chance for a cumulative cut of 50 basis points [3] Group 3 - On August 21, COMEX gold prices fell by 0.15% to 3383.50 USD per ounce, while Shanghai gold futures dropped by 0.01% to 776.08 CNY per gram [4] - The ongoing tariff policies and rising inflation pressures are expected to persist, influencing market sentiment regarding potential rate cuts by the Federal Reserve [4] - Attention is focused on the upcoming speech by Federal Reserve Chairman Powell at the Jackson Hole Global Central Bank Symposium, which may impact rate cut expectations for the year [4]

贵金属早报 研究中心宏观团队 2025/08/22 | 价 格 表 现 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 品种 | 伦敦金 | 伦敦银 | 伦敦铂 | 伦敦钯 | WTI原油 | LME铜 | | 最新 | 3344.65 | 37.08 | 1347.00 | 1127.00 | 62.71 | 9699.00 | | 变化 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11.00 | | 品种 | 美元指数 | 欧元兑美元 | 英镑兑美元 | 美元兑日元 | 美国10年期TIPS | | | 最新 | 98.24 | 1.17 | 1.35 | 147.31 | 1.94 | | | 变化 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | 交 易 数 据 | 日期 | COMEX白银 | 上期所白银 | 黄金ETF持仓 | 白银ETF持仓 | 上金所白银 | 上金所黄金 | 上金所白银 | | --- | --- | --- | --- | --- | --- | ...

Price Performance - London Gold's latest price is 3344.65 with a change of 10.20 [1] - London Silver's latest price is 37.08 with a change of -0.99 [1] - London Platinum's latest price is 1347.00 with a change of 10.00 [1] - London Palladium's latest price is 1127.00 with a change of 3.00 [1] - WTI Crude's latest price is 62.71 with a change of 0.36 [1] - LME Copper's latest price is 9710.00 with a change of -39.50 [1] Trading Data - COMEX Silver's latest inventory data is not provided [2] - SHFE Silver's latest inventory is 1140.20 with a change of -9.25 [2] - Gold ETF's latest holding is 958.21 with a change of -4.00 [2] - Silver ETF's latest holding is 15305.76 with a change of -33.90 [2] - SGE Silver's latest inventory data is not provided [2] - SGE Gold's latest deferred fee payment direction is 2 with a change of 1.00 [2] - SGE Silver's latest deferred fee payment direction is 1 with a change of 0.00 [2] Other Currency Data - The latest value of the US Dollar Index is 98.24 with a change of -0.04 [9] - The latest exchange rate of Euro to US Dollar is 1.17 with a change of 0.00 [9] - The latest exchange rate of Pound to US Dollar is 1.35 with a change of -0.00 [9] - The latest exchange rate of US Dollar to Japanese Yen is 147.31 with a change of -0.37 [9] - The data of US 10 - year TIPS is not provided [9]

Group 1: Price Performance - The latest price of London Gold is 3334.45 with a change of 2.05 [1] - The latest price of London Silver is 38.07 with a change of -0.02 [1] - The latest price of London Platinum is 1337.00 with a change of 2.00 [1] - The latest price of London Palladium is 1124.00 with a change of -2.00 [1] - The latest price of WTI Crude is 62.35 with a change of -1.07 [1] - The latest price of LME Copper is 9749.50 with a change of -7.50 [1] - The latest price of the US Dollar Index is 98.28 with a change of 0.13 [1] - The latest price of EUR/USD is 1.16 with a change of -0.00 [1] - The latest price of GBP/USD is 1.35 with a change of -0.00 [1] - The latest price of USD/JPY is 147.68 with a change of -0.18 [1] Group 2: Trading Data - The latest COMEX silver inventory is 15805.28 with a change of 18.67 [1] - The latest SHFE silver inventory is 1149.45 with a change of 11.02 [1] - The latest gold ETF持仓 is 962.21 with a change of -3.16 [1] - The latest silver ETF持仓 is 15339.66 with a change of -16.95 [1] - The latest SGE silver inventory is not provided, and the SGE gold and silver deferred fee payment directions are 1 and 1 respectively, with changes of 0.00 [1]

Group 1: Price Performance - The latest price of London Gold is 3335.50 with a change of 0.00 [1] - The latest price of London Silver is 37.73 with a change of 0.00 [1] - The latest price of London Platinum is 1335.00 with a change of -18.00 [1] - The latest price of London Palladium is 1126.00 with a change of -14.00 [1] - The latest price of WTI Crude Oil is 62.80 with a change of 0.00 [1] - The latest price of LME Copper is 9757.00 with a change of -7.50 [1] - The latest value of the US Dollar Index is 97.85 with a change of 0.00 [1] - The latest exchange rate of Euro to US Dollar is 1.17 with a change of 0.00 [1] - The latest exchange rate of British Pound to US Dollar is 1.36 with a change of 0.00 [1] - The latest exchange rate of US Dollar to Japanese Yen is 147.16 with a change of 0.00 [1] - The latest yield of US 10 - year TIPS is 1.95 with a change of 0.00 [1] Group 2: Trading Data - The latest COMEX silver inventory is 15786.61 with a change of 0.00 [1] - The latest SHFE silver inventory is 1138.43 with a change of -3.13 [1] - The latest gold ETF holding is 965.37 with a change of 0.00 [1] - The latest silver ETF holding is 15071.31 with a change of 0.00 [1] - The latest SGE silver inventory is 1368.95 with a change of 0.00 [1] - The latest SGE gold deferred - fee payment direction is 1 with a change of 0.00 [1] - The latest SGE silver deferred - fee payment direction is 1 with a change of 0.00 [1]

Price Performance - London Gold: Latest price is 3335.50, change is -8.35 [2] - London Silver: Latest price is 37.73, change is -0.59 [2] - London Platinum: Latest price is 1353.00, change is 16.00 [2] - London Palladium: Latest price is 1140.00, change is 18.00 [2] - WTI Crude Oil: Latest price is 62.80, change is -1.16 [2] - LME Copper: Latest price is 9764.50, change is -9.50 [2] - US Dollar Index: Latest price is 97.85, change is -0.36 [2] - Euro to US Dollar: Latest price is 1.17, change is 0.01 [2] - British Pound to US Dollar: Latest price is 1.36, change is 0.00 [2] - US Dollar to Japanese Yen: Latest price is 147.16, change is -0.58 [2] - US 10 - year TIPS: Latest price is 1.95, change is 0.05 [2] Trading Data - COMEX Silver: Inventory data not available [3] - SHFE Silver: Latest inventory is 1141.56, change is -9.22 [3] - Gold ETF Holdings: Latest is 965.37, change is 4.01 [3] - Silver ETF Holdings: Latest is 15071.31, change is 0.00 [3] - SGE Silver (Inventory): Data not available [3] - SGE Gold (Deferred Fee Payment Direction): Latest is 1, change is 0.00 [3] - SGE Silver (Deferred Fee Payment Direction): Latest is 1, change is 0.00 [3]

Group 1: Price Performance - The latest prices of London Gold, London Silver, London Platinum, London Palladium, WTI Crude Oil, and LME Copper are 3343.85, 38.32, 1337.00, 1122.00, 63.96, and 9774.00 respectively, with changes of -20.55, -0.29, 1.00, -20.00, 1.31, and -68.00 [2] - The latest values of the US Dollar Index, Euro to US Dollar, British Pound to US Dollar, and US Dollar to Japanese Yen are 98.20, 1.16, 1.35, and 147.75 respectively, with changes of 0.42, -0.01, -0.00, and 0.37 [2] Group 2: Trading Data - The latest inventory of SHFE Silver is 1150.78, with a change of 15.68; the latest value of Gold ETF holdings is 961.36, with a change of -2.86; the latest value of Silver ETF holdings is 15071.31, with a change of -28.25 [3] - The deferred fee payment directions of SGE Silver and SGE Gold are both 1, with no change [3]

Price Performance - London Gold's latest price is 3364.40, with a change of 21.10 [1][2] - London Silver's latest price is 38.61, with a change of 0.92 [1][2] - London Platinum's latest price is 1336.00, with a change of 14.00 [1][2] - London Palladium's latest price is 1142.00, with a change of -3.00 [1][2] - WTI Crude's latest price is 62.65, with a change of -0.52 [1][2] - LME Copper's latest price is 9842.00, with a change of 74.00 [1][2] - The latest dollar index is 97.79, with a change of -0.28 [2] - The latest euro - to - dollar exchange rate is 1.17, with a change of 0.00 [2] - The latest pound - to - dollar exchange rate is 1.36, with a change of 0.01 [2] - The latest dollar - to - yen exchange rate is 147.37, with a change of -0.49 [2] Trading Data - The latest inventory of SHFE silver is 1135.10, with a change of -16.11 [3] - The latest gold ETF holding is 964.22, with no change [3] - The latest silver ETF holding is 15099.56, with no change [3] - The latest deferred fee payment direction of SGE gold is 1, with a change of -1.00 [3] - The latest deferred fee payment direction of SGE silver is 1, with no change [3]

Core Viewpoint - The article highlights that the mild increase in U.S. inflation for July has preserved the possibility of a Federal Reserve rate cut next month, impacting the dollar and supporting precious metal prices [1][3]. Market Overview - The U.S. Consumer Price Index (CPI) for July remained unchanged year-on-year at 2.7%, while the core CPI rose to a five-month high of 3.1% [3]. - Following the inflation data release, market expectations for a September rate cut by the Federal Reserve surged to 93.4%, which is expected to weaken the dollar's attractiveness and support precious metal prices [3]. Political Influence - Former President Trump has pressured Fed Chair Powell to cut rates and threatened legal action, while Treasury Secretary Mnuchin advocates for a 50 basis point cut in September [3]. - There are mixed views among officials, with some expressing concerns about inflation and unemployment balance, which may create policy uncertainty [3]. Trading Strategy - Precious metals are expected to continue a volatile pattern in the short term, with COMEX gold likely to find support around $3,350 and trade near $3,400 [4]. - COMEX silver should be monitored for support at the $37 level, with potential opportunities remaining in the context of ongoing rate cut expectations [4].