Gold Reaches Record High As Dollar Weakens On Soft Producer Inflation Data; Wall Street Eyes Fourth Day Of Gains
Gold Reaches Record High As Dollar Weakens On Soft Producer Inflation Data; Wall Street Eyes Fourth Day Of Gains
A broadly softer-than-expected U.S. producer inflation report triggered market shifts on Thursday, driving down the value of the dollar and Treasury yields while boosting gold prices to a new all-time high.
週四，一份普遍低於預期的美國生產者通貨膨脹報告引發了市場變化，壓低了美元和美國國債收益率，同時將金價推高至歷史新高。
Meanwhile, U.S. equity futures ticked upward, signaling a potential fourth consecutive session of gains for U.S. stocks.
同時，美國股票期貨上漲，這表明美國股市可能連續第四個交易日上漲。
Economic data released Thursday showed the headline Producer Price Index (PPI) for final demand slowing to 1.7% year-over-year in August, below market expectations of 1.8% and down from July's downwardly revised 2.1%. On a monthly basis, PPI increased by 0.2%, surpassing the forecasted 0.1% and improving from the revised flat reading for July.
週四公佈的經濟數據顯示，8月份最終需求的總體生產者價格指數（PPI）同比放緩至1.7％，低於市場預期的1.8％，低於7月份向下修正的2.1％。按月計算，生產者物價指數增長0.2％，超過預期的0.1％，高於7月份修正後的持平數據。
Core PPI, which excludes volatile food and energy prices, remained stable at 2.4% year-over-year, slightly underperforming the expected 2.5%. On a month-to-month basis, core PPI rebounded with a 0.3% rise, up from the previous month's 0.2% decline and surpassing expectations of a 0.2% increase.
不包括波動的食品和能源價格在內的核心生產者物價指數同比穩定在2.4％，略低於預期的2.5％。按月計算，核心PPI上漲0.3％，高於上個月的0.2％的跌幅，超過了預期的0.2％的漲幅。
In parallel, weekly initial jobless claims came in at 230,000, in line with market forecasts, signaling stable labor market conditions.
同時，每週初請失業救濟人數爲23萬人，符合市場預測，這表明勞動力市場狀況穩定。
Across the Atlantic, the European Central Bank (ECB) cut its key policy rate by 25 basis points, marking the second reduction since June. The ECB justified the move as part of its efforts to moderate monetary policy.
橫跨大西洋，歐洲央行（ECB）將其關鍵政策利率下調了25個點子，這是自6月以來的第二次下調。歐洲央行爲這一舉動辯護，認爲這是其緩和貨幣政策的努力的一部分。
The ECB kept its inflation outlook steady but revised its growth forecasts downward. The central bank emphasized a data-dependent approach for future decisions, with no commitment to further rate cuts.
歐洲央行保持通貨膨脹前景穩定，但下調了增長預期。央行強調未來決策採用依賴數據的方針，沒有承諾進一步減息。
Market Reactions
市場反應
Market reactions to the U.S. data were relatively muted. Rate-cut expectations for the Federal Reserve's meeting next week remained stable, with the probability of a 25-basis-point cut holding firm at 85%.
市場對美國數據的反應相對平淡。對下週聯儲局會議的減息預期保持穩定，控股公司減息25個點子的可能性爲85％。
- U.S. Treasury yields softened, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) down 0.2% as yields slightly decreased.
- The U.S. dollar, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), slipped 0.1%.
- The S&P 500, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), traded 0.2% higher in the premarket, as of 9:05 a.m. ET.
- Tech stocks, followed by the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), were 0.1% higher.
- Small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), rose 0.4%.
- The Energy Select Sector SPDR Fund (NYSE:XLE) was the top-performing S&P 500 sector in the premarket, up 0.6%.
- Gold prices, monitored through the SPDR Gold Trust (NYSE:GLD), rose by 1.1% to 2,538 per ounce.
- Bitcoin (CRYPTO: BTC) rose 1.3%.
- 由於收益率小幅下降，美國國債收益率疲軟，iShares 20年期以上國債ETF（納斯達克股票代碼：TLT）下跌0.2％。
- 景順Db美元指數看漲基金ETF（紐約證券交易所代碼：UUP）追蹤的美元下跌0.1％。
- 根據SPDR標準普爾500指數ETF信託基金（紐約證券交易所代碼：SPY）的追蹤，截至美國東部時間上午9點05分，標普500指數在盤前交易中上漲0.2％。
- 科技股上漲0.1％，其次是景順QQQ信託基金系列1（納斯達克股票代碼：QQQ）。
- 根據iShares Russell 2000 ETF（紐約證券交易所代碼：IWM）追蹤的小盤股上漲0.4％。
- 能源精選板塊SPDR基金（紐約證券交易所代碼：XLE）是盤前表現最好的標準普爾500指數板塊，上漲0.6％。
- 通過SPDR黃金信託基金（紐約證券交易所代碼：GLD）監控的黃金價格上漲了1.1％，至每盎司2538美元。
- 比特幣（加密貨幣：BTC）上漲了1.3％。
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譯文內容由第三人軟體翻譯。