突发！国际金价冲破3550美元，国内金饰价破千，美联储降息预期成最大推手｜大宗风云

Core Viewpoint - International gold prices have surged, reaching a new historical high, driven by market expectations of interest rate cuts and geopolitical tensions, which have increased demand for safe-haven assets like gold [2][3][4]. Group 1: Gold Price Dynamics - On September 1, COMEX gold futures peaked at $3,557.1 per ounce, marking a significant increase after four months of fluctuations [2]. - The rise in gold prices is attributed to the market's continued anticipation of interest rate cuts by the Federal Reserve, following the July Personal Consumption Expenditures (PCE) index data that met market expectations [2][6]. - Domestic gold jewelry prices have also increased, with notable prices from major retailers such as Chow Tai Fook and Lao Feng Xiang reaching around 1,000 to 1,027 yuan per gram [2]. Group 2: Geopolitical and Economic Influences - The ongoing geopolitical tensions, particularly between the U.S., Russia, and Ukraine, have contributed to the demand for gold as a safe-haven asset [4]. - The Trump administration's pressure on the Federal Reserve to lower interest rates has raised concerns about the independence of the Fed, further driving investors towards gold [3][10]. - The market is also reacting to the potential for a slowdown in U.S. economic growth, as indicated by mixed economic data, which could lead to a more accommodative monetary policy [6][7]. Group 3: Silver Market Trends - Silver prices have also seen significant increases, with spot prices surpassing $40 per ounce, the highest since 2011, driven by similar factors affecting gold [5]. - The gold-silver ratio is expected to revert, and industrial demand for silver is anticipated to grow, supporting upward price movements [5]. Group 4: Future Outlook - The upcoming fourth quarter is traditionally a strong period for gold consumption due to increased jewelry demand during holidays [9]. - Market sentiment suggests that the Federal Reserve may initiate another round of interest rate cuts, which would further bolster gold prices [8][9]. - Despite recent fluctuations, the long-term outlook for gold remains positive, supported by ongoing central bank purchases and the desire for diversification in uncertain economic conditions [10].