上海黄金交易所黄金T+D 7月10日（周五）收盘上涨0.65%报896.8元/克； 上海黄金交易所白银T+D 7月10日（周五）收盘上涨2.75%报14624.0元/千克。

Investors have raised bets that the Fed could deliver a 25bp hike as soon as this month, but Federated Hermes chief market strategist Phil Orlando said that is unlikely, expecting the Fed to look through a temporary energy-supply shock and keep rates unchanged. Last week’s weak US labour-market data pushed expectations for a final hike later into the year. London Stock Exchange Group data show money markets price a July 25bp hike at 22%.

The National Energy Administration published the Energy Sector Energy‑saving and Carbon‑reduction Action Plan (2026–2028), prioritizing coal‑power decarbonization. It calls for orderly retirement of a batch of eligible coal‑fired units at or below 300 MW and encourages replacement units be built to new‑generation coal standards; promotes cross‑generation upgrades to supercritical/ultra‑supercritical technology for a number of 600 MW units; supports co‑firing of zero/low‑carbon fuels and CCUS retrofits for eligible units, with post‑retrofit carbon intensity targeted to fall about 10% per MWh; and backs integration projects linking coal, gas and renewables via thermal and energy‑storage coupling and integrated aggregation/transmission to achieve combined emissions reductions.