2025年7月28日,早盘开盘,国内期货主力合约多数下跌,焦煤跌超9%,多晶硅跌超8%,碳酸锂、焦炭跌超7%,纯碱、、氧化铝、玻璃跌超6%,烧碱跌超4%,甲醇、20号胶、热卷、沪银、燃料油跌超2%。
8月关税大限逼近,欧盟再度反击,拟对1000亿欧元的美国商品征收30%关税,但随着特朗普称美日达成协议,日本接受15%税率,市场对欧美也能达成协议表示乐观,欧盟委员会主席冯德莱恩应特朗普的邀请前往苏格兰,于周日会面讨论贸易问题,双方有望就一项贸易协议达成框架性协议,以避免跨大西洋贸易战的爆发。而美财长称美中第三轮磋商将于下周在瑞典举行。在市场对关税预期偏乐观的情况下,市场避险情绪有所弱化,美元企稳小幅反弹,金价承压回落。
下周美联储将公布7月利率决议,特朗普上周访问美联储本部,此举意在加大对美联储的压力,这是他为推动美联储降息而采取的部分非常规行动。在特朗普持续施压之下,交易员们开始下注美联储将在明年更积极降息,但7月不降息概率仍然较大,一定程度上抑制黄金走势。另外,金价再度呈现冲高回落,这也是自4月震荡以来第三次反弹失利,显示多空当前的分歧,也表明市场对当前以关税、稳定币以及美联储是否降息这些主要因素并未达成一致共识,继续关注黄金在震荡区间内的表现,以及即将到来的贸易谈判、美联储议息会议和非农就业数据。
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