EUR/USD
1.16591
-0.013%
Gold
3561.67
0.072%
Oil
63.455
-0.110%
USD/JPY
147.989
-0.077%
GBP/USD
1.34408
-0.036%
GBP/JPY
198.911
-0.107%
Real-time News
Futures market data from September 4th indicated that precious metals have been volatile, influenced by multiple factors, including the independence of the Federal Reserve, US tariffs, and geopolitical dynamics. Trumps recent dismissal of a Fed governor has undermined market confidence in the Feds monetary policy independence. The ruling that Trumps tariffs were illegal has increased uncertainty in financial markets. From a medium- to long-term fundamental perspective, US tariffs and trade policies are slowly driving up inflationary pressures, with tariff costs gradually being passed on to consumers. PCE inflation data is in line with market expectations, indicating that the impact of tariffs is manageable. While the market still anticipates a high probability of a September rate cut, caution remains regarding the risk of higher-than-expected inflation in the second half of the year. The continued expansion of US debt has raised international concerns about US fiscal sustainability. Coupled with continued central bank gold buying and strong investment in gold and silver ETFs, precious metals are increasingly becoming a safe-haven asset for investors long-term allocations. Their financial and safe-haven attributes provide long-term support for their prices. We anticipate a volatile upward trend, and recommend a medium- to long-term long position.The worlds largest silver ETF - iShares Silver Trusts holdings decreased by 85.08 tons from the previous day, and the current holdings are 15,281.4 tons.Foreign investors bought 397.4 billion yen of Japanese bonds in the week ending August 29, compared with -106 billion yen in the previous week.Japan bought 481.8 billion yen of foreign stocks in the week ending August 29, compared with -306.1 billion yen in the previous week.Japan bought 141.98 billion yen in foreign bonds in the week ending August 29, compared with -16.72 billion yen in the previous week.
