News summary
Precious metals market consolidates at high levelsnftgamesplaytoearnforfree, London gold trading is about US$2417, London silver is about 31nftgamesplaytoearnforfreeUS$.8; the Federal Reserve has a high probability of maintaining interest rates, the market is optimistic about interest rate cuts, and precious metals gain upward momentum. Strategic recommendations: cautious investors leave the market with multiple orders in the early stage, and aggressive ones rely on the 5-day moving average to take profits; arbitrage and wait and see, options can adopt a bull market spread strategy.
Newsletter text
The precious metals market maintains a high consolidation trend Today, the precious metals market continues to fluctuate at a high level. London gold prices fluctuate around US$2417, while London silver prices remain at around US$31.8. At the same time, the main contract of Shanghai Gold closed at 573.32 yuan/gram, a slight decrease of 0.36%; the main contract of Shanghai Bank recorded an increase of 0.31%, closing at 8343 yuan/kilogram.
The US dollar index climbed slightly In market transactions, the US dollar index showed a slight upward trend, and the current exchange rate is close to 104.7.
The yield on the 10-year U.S. bond has slightly returned to warm up the U.S. bond market. The yield on the 10-year bond has regained its lost ground and is currently quoted at around 4.437%.
The RMB exchange rate showed weakness in the foreign exchange market. The RMB exchange rate fell against the US dollar, and the current trading price is close to 7.239.
The Federal Reserve maintains current interest rate expectations. According to the views of members of the Federal Reserve Board of Governors, Governor Waller pointed out that if the data supports it, interest rate cuts at the end of the year may be considered, and the current interest rate increase is not necessary. The possibility of inflation accelerating again was ruled out; Barr stressed the need to maintain high interest rates for a long time; Bostic believed that interest rates were not expected to be cut before the fourth quarter on the premise of ensuring that inflation did not rebound.
Market expectations for interest rate cuts in September have increased. Under the influence of recent U.S. employment data, CPI and retail sales and other indicators, the market's expectations for the Federal Reserve to cut interest rates in September have increased, resulting in the overall weak performance of the U.S. dollar index and U.S. bond yields. The precious metals market has therefore gained upward momentum.
Trading strategy recommendations are aimed at investors with different risk appetites. It is recommended that prudent investors consider gradually withdrawing from multiple orders in the previous period, while aggressive investors can use the 5-day moving average as a take profit point. Arbitrage strategies suggest staying on the sidelines. For option strategies, it is recommended to adopt a bull market spread strategy, specifically buying AU2408 C568 and selling AU2408 C584, and simultaneously buying AG2408 C7300 and selling AG2408 C7600.
Investment advice opinions are for reference only. Investors should consider market risks when conducting transactions. The above opinions are for reference only and are not the specific basis for investment trading.