降息预期持续升温，金价加速上行，再创3600美元新高

Core Viewpoint - Gold prices surged due to rising risk aversion stemming from uncertainties related to the Federal Reserve's interest rate cuts, reaching a historical high of $3602.4 per ounce [1] Group 1: Market Performance - COMEX gold futures increased by 1.51%, closing at $3599.5 per ounce [1] - The China Gold ETF (518850) rose by 0.49%, while the Gold Stock ETF (159562) fell by 0.61% [1] Group 2: Drivers of Price Movement - The current rise in gold and silver prices is driven by a combination of macroeconomic policy expectations and political risks [1] - The shift to a "dovish" stance by the Federal Reserve Chairman has heightened market expectations for a potential interest rate cut in September [1] - Concerns over the independence of the Federal Reserve have been amplified by President Trump's attempts to exert control through personnel changes, increasing the appeal of precious metals as a safe haven [1] Group 3: Silver Market Dynamics - The U.S. Geological Survey's proposal to classify silver as a critical mineral has raised tariff concerns, contributing to strong performance in the silver market [1]