Last week, easing tariff tensions between the US and China boosted market risk appetite, while Fed Chair Powell’s continued hawkishness had little impact on metals. Gold prices hit new highs and copper stabilized, both benefiting from inflationary pressures and improved tariff expectations.Market Performance OverviewPrecious metals saw strong gains: COMEX gold rose 2.65% and silver 1.09%. Industrial metals also performed well, with COMEX copper up 3.35% and SHFE copper up 1.33%. Notably, the domestic Chinese gold market outpaced global gains, highlighting robust local investment demand.Copper Market InsightsAfter sharp previous swings, copper prices steadied last week. Easing US-China tariff rhetoric supported market sentiment, even though substantial action is pending. Interestingly, Powe

I. How did @666 Dazi make $1.55 million?Last week, the US stock market experienced a sharp decline followed by a significant rebound. This historic market movement caused panic among many investors.A futures trader named 666 Dazi posted a screenshot early on Friday, April 12, showing a profit of $1.55 million. He is likely another mysterious big shot.From his brief sharing, it appears that he made a profit of $1.55 million by shorting one contract of $E-mini Nasdaq 100 - main 2506(NQmain)$ .It is worth noting that on April 10, the Nasdaq fell by 852 points, rose by 2,121 points on April 9, and fell by 1,165 points on April 4. The historic volatility of the market last week was evident to all.In the futures market, such volatility can indeed le

The US stock market is undergoing significant turmoil, with concerns over the economy intensifying. President Trump’s announcement of large-scale tariffs has triggered a wave of panic selling in global markets. Further complicating the market outlook, several economic indicators point toward the possibility of a recession. Experts believe that whether the market will experience another massive sell-off depends largely on whether fears of an imminent economic recession are debunked.Growing Recession Risk in the US EconomyEconomic Data Signals Trouble AheadRecent economic predictions paint a grim picture. The Atlanta Fed’s GDPNow forecasting model has downgraded its outlook for first-quarter 2025 US real GDP growth from 2.3% to a contraction of 2.825%, marking the worst quarter for the US ec

Recently, the market has been volatile. Futures for $E-mini Nasdaq 100 - main 2503(NQmain)$ , $Gold - main 2504(GCmain)$ , $China A50 Index - main 2503(CNmain)$ , $Hang Seng Index - main 2503(HSImain)$ , $WTI Crude Oil - main 2504(CLmain)$ , $E-mini S&P 500 - main 2503(ESmain)$ have been observed to rise significantly and trade actively in Tiger Trade community.In particular, the inquiry for $E-mini Nasdaq 100 - main 2503(NQmain)$ has reached a new high.At the s

In January and February 2025, copper prices both domestically and internationally have shown signs of strengthening. This trend is driven by two key factors: expectations of copper supply shortages and a recovery in copper demand, both domestically and abroad. Reflecting on the surge in copper prices from February to May 2024, it was primarily fueled by market optimism about increased copper consumption due to advancements in artificial intelligence (AI). However, weaker-than-expected domestic copper consumption subsequently limited the price rally.Looking ahead, we anticipate a renewed upward trend in copper prices. The primary drivers include a tightening copper supply worldwide, which has led to negative spot market treatment and refining charges (TC/RC) for copper concentrates. Additio

As the COMEX gold futures price edges closer to the $3,000/oz threshold, the current gold market demonstrates a price rally driven by strengthened technical patterns and underlying spot arbitrage dynamics. This momentum is further characterized by two prominent features. With market-wide concerns that Trump’s tariff policies might impose duties on physical gold imported into the U.S., this speculation could push gold prices towards a short squeeze above 3,000 points. Thus, this issue warrants a closer examination.Two Unusual Features in the Gold Futures Market1. Expanding Cross-Market Price SpreadThe price spread between London spot gold and COMEX futures has widened to exceed 2.5 times the historical standard deviation. At present, this arbitrage creates a risk-free profit margin of over

Global financial markets experienced significant turbulence during the Spring Festival holiday period. The Trump administration's new tariff policies triggered a rollercoaster pattern in European and U.S. stock markets, with initial gains reversed, while Asian markets and international crude oil prices faced downward pressure. Notably, COMEX April gold futures hit a historic high of $2,872 per ounce on February 3. The critical question now is: How will gold prices evolve moving forward? Our analysis suggests that three fundamental bullish factors could propel gold to new highs if current conditions persist.I. Tariff Policies Amplify Market Volatility, Highlighting Gold's Safe-Haven Status1. Trump Policy Impact Exceeds ExpectationsThe February 1 executive order imposing 25% additional tarif

Since late December last year, the "Trump Trade" has driven up U.S. dollar interest rates and exchange rates. But gold didn't drop much; instead, the U.S. Dollar Index and gold prices rose together.In the short term, with the Federal Reserve's rate - cut expectations weakening and safe - haven buying cooling due to the Israel - Palestine deal, gold may face challenges. Long - term, in 2025 Q1, Trump's gradual tariff hikes could lead to re - inflation or economic slowdown, both good for gold prices. Also, U.S. fiscal issues affect the dollar's credit, and central banks' de - dollarization gold purchases make gold more likely to rise.The Impact of U.S. Dollar Interest Rates and Re - inflationThe Rebound of the Real U.S. Dollar Interest Rate Restricts Gold Prices: A strong U.S. job market in

The energy-related executive orders issued by Trump upon taking office include:Declaring a national energy emergency and fully ramping up drilling.Rebuilding the United States as a manufacturing powerhouse by leveraging the world's largest reserves of oil and natural gas.Refilling the Strategic Petroleum Reserve and exporting American energy to countries worldwide.Ending the Green New Deal, revoking mandatory electric vehicle requirements, saving the automotive industry, and revitalizing car manufacturing in the U.S. at an unprecedented pace.Trump's policies could create uncertainty in the oil market, rather than providing a clear path to lower or more stable prices. Oil prices experienced significant fluctuations, with WTI crude reaching over $80 per barrel, driven by supply concerns rela

Looking back at last week, after three consecutive weeks of sharp rises, the US dollar finally ushered in a correction, and the single-week decline was relatively large, nearly half of the previous increase. However, the weekly line of the the US Dollar Index still shows an obvious bullish technical form. Combined with the current fundamental situation, it is more likely that the market outlook will remain strong. In terms of non-US currencies, the yen surged due to inflation data; Looking ahead to this week, the U.S. non-farm payrolls report and public speeches of Federal Reserve officials will be the focus of the market.Global foreign exchange focus review and fundamental summaryAfter rising for three consecutive weeks, the US dollar experienced a weekly correction, and the follow-up tre

U.S. bond yields rose further last week, putting gold under pressure, but the long-term narrative has not changed. As far as copper is concerned, the performance of copper prices in the past two weeks has been extremely calm and in a state of volatility convergence, just as all kinds of assets have amplified fluctuations due to Trump's coming to power, thus pricing in advance the possibility after he took office. CORE POINTS1. Copper prices continued to fluctuate last week, and gold fell back after hitting a new highIn terms of precious metals, COMEX gold fell 0.55% and silver fell 5.22% last week; The Shanghai Gold 2410 contract fell 0.46%, and the Shanghai Silver 2410 contract fell 5.12%. Among the prices of major industrial metals, COMEX copper and Shanghai copper changed by-7.53% and-3