机构看金市：8月22日

Group 1 - The core viewpoint is that the gold market is influenced by the upcoming Federal Reserve interest rate decisions and geopolitical developments, with expectations of a potential new round of rate cuts supporting precious metals [1][2][4] - Galaxy Futures indicates that the recent rebound in the US PPI and strong S&P data suggest that prices may continue to rise, with a cautious market awaiting Powell's speech at the Jackson Hole conference [1][2] - BCA Research anticipates that gold will gain new upward momentum as the Federal Reserve is expected to start cutting rates in September, alongside a potential depreciation of the US dollar [4] Group 2 - Kitco Metals analysts note that despite a slight decline in gold prices before Powell's speech, there remains a strong bullish sentiment, with a critical support level at $3,300 per ounce [3] - The market's expectation for a rate cut in September has decreased from "almost certain" to 75%, indicating a lack of optimism towards monetary easing, which has been a significant resistance for gold prices [3] - Five Minerals Futures emphasizes the need to focus on the upcoming rate cut cycle, while also noting that the market is waiting for Powell's speech for potential insights into monetary policy [2]