黄金突袭！现货金价突破3500美元，创历史新高

Core Viewpoint - The price of spot gold reached a historic high of $3504.5 per ounce, driven by concerns over the independence and stability of the Federal Reserve, alongside expectations of interest rate cuts, prompting investors to seek safe-haven assets [1][2]. Group 1: Federal Reserve Factors - The recent court case regarding the dismissal of Federal Reserve Governor Lisa Cook is seen as a historic test of the Fed's independence, with potential political pressures undermining policy stability, which could negatively impact the attractiveness of the dollar and U.S. Treasuries, indirectly benefiting gold [2]. - Market analysts note that the rise in gold prices reflects concerns over institutional stability, with factors such as rising inflation, weak consumer sentiment, and expectations of interest rate cuts supporting the demand for gold [2]. - Recent U.S. economic data, including a 0.2% month-over-month increase in the Personal Consumption Expenditures (PCE) price index for July, aligns with expectations and keeps inflation above the Fed's 2% target, complicating the Fed's policy decisions [2]. Group 2: Interest Rate Expectations - San Francisco Fed President Mary Daly's call for immediate interest rate cuts to mitigate labor market risks has reinforced market expectations for a rate cut in September, with over 80% probability according to CME FedWatch tools [3]. - Analysts are closely monitoring the upcoming U.S. employment report, with expectations of an increase of approximately 78,000 non-farm jobs in August, which could further bolster demand for gold if the data falls short of expectations [4]. - The interplay between political and economic risks, particularly regarding the ongoing tensions between Trump and the Federal Reserve, suggests that market volatility may increase, with gold continuing to attract safe-haven investments but potentially experiencing more dramatic price movements [4].