Non-ferrous metal sector is active, institutions are looking at the future market in this way.

The non-ferrous metal sector saw a slight increase today, with Chifeng Gold, Jintian Titanium, and Western Gold leading the gains. Huaxin Securities pointed out that although the Federal Reserve did not cut interest rates at the meeting, internal opposition to maintaining rates has begun to emerge. In addition, non-farm data significantly fell below expectations, leading to increased expectations of interest rate cuts for the rest of the year, boosting the upward momentum of precious metal prices once again. Caitong Securities pointed out that in the context of ongoing global trade disputes and long-term geopolitical tensions, the investment value of gold is becoming more prominent, with a positive outlook for the medium to long-term upward potential of gold. It is recommended to pay attention to relevant targets with production growth and performance release. Minsheng Securities indicated that the US-Europe tariff negotiations have concluded, with the US imposing a 15% import tariff on EU products, lower than Trump's threat of a 30% tax rate. The US and China have agreed to extend the tariff truce by 90 days, reducing global trade friction risks. US July non-farm data fell far below expectations, with a significant downward revision of 258,000 new jobs added in May and June, strengthening expectations of an interest rate cut in September. Coupled with the continued trend of central bank gold purchases, the outlook for gold prices rising is positive; silver, driven by its industrial attributes and catching up momentum, repeatedly reaches new highs. In the medium to long term, the main trend is central bank gold purchases and weakening USD credit, with a continued positive outlook for incremental movements in gold prices.