【黄金期货收评】PCE符合预期推升降息押注 沪金日内上涨2.08%

Group 1 - The core viewpoint indicates that the recent increase in gold prices is influenced by geopolitical tensions, U.S. monetary policy, and rising physical gold demand in China [1][3] - As of September 1, the Shanghai gold spot price was reported at 795.38 yuan per gram, showing a discount of 5.18 yuan compared to the futures price of 800.56 yuan per gram [1] - The U.S. labor market showed unexpected weakness with non-farm employment figures falling short of market expectations, and the unemployment rate rising to 4.2% [2] Group 2 - The latest PCE and core PCE data from the U.S. met market expectations, indicating persistent inflation but limited impact from tariff shocks, which has raised market expectations for a potential Fed rate cut [3] - The demand for physical gold in China has significantly increased, with the central bank resuming gold purchases since November last year, continuing for eight consecutive months [1] - The geopolitical risks have slightly diminished, but the market's demand for safe-haven assets remains, contributing to the upward pressure on gold prices [1][3]