黄金早盘微调，市场静候鲍威尔讲话指引方向

Group 1 - Gold prices are currently under pressure, trading at $3335.71 per ounce, down 0.08%, with a focus on the upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole global central bank conference [2] - Analysts suggest that Powell's speech may lean dovish, which could be beneficial for gold prices, while expectations for a potential rate cut in September are being closely monitored [3] - Goldman Sachs maintains an optimistic forecast for gold, predicting prices could reach $4000 per ounce by mid-2026, driven by strong central bank demand and recession risks in the U.S. economy [3] Group 2 - The gold ETF funds provide a low-cost and flexible investment option, allowing for T+0 trading and aligning closely with domestic gold prices [4] - Long-term investment in gold is seen as a hedge against economic downturns, with the potential for stable returns as credit money supply increases [4] - The market anticipates a 51.5% probability of a cumulative 25 basis points rate cut by the Federal Reserve in September and October, with a focus on Powell's speech for further guidance [3]