NEW POWER(SZ:300152) Ge Long Hui·2025-09-02 04:07Group 1 - Gold prices have reached record highs, driven by expectations of Federal Reserve interest rate cuts and concerns over its independence [1][3] - As of Tuesday, spot gold rose by 0.9% to $3,508.73 per ounce, marking a year-to-date increase of over 30%, making it one of the best-performing major commodities [3] - The market anticipates a potential interest rate cut by the Federal Reserve, which is expected to support gold prices further [3][4] Group 2 - Silver prices have surged over 40% this year, with prices recently surpassing $40 per ounce for the first time since 2011, driven by industrial demand in clean energy technologies [4] - The silver market is expected to face a fifth consecutive year of supply shortages, further supporting prices [4] - Investors are increasingly turning to silver-backed ETFs, leading to a reduction in London silver inventories and tightening market conditions [4][5] Group 3 - Concerns over potential U.S. tariffs have also provided support for precious metals, with silver being added to Washington's critical minerals list [5] - As of the latest update, spot gold was up 0.45% at $3,491.5 per ounce, while silver prices remained stable at $40.67 per ounce [6]