机构：持续看好金价的上涨空间

Core Viewpoint - The article discusses the impact of Federal Reserve interest rate expectations on gold prices, highlighting a recent surge in gold prices above $3500 per ounce due to these expectations [1] Group 1: Federal Reserve and Economic Indicators - The upcoming Federal Reserve meeting in September, along with U.S. non-farm payroll and core PCE inflation data, will be crucial in determining gold price trends [1] - A moderate inflation report could strengthen rate cut expectations, leading to lower real interest rates which would benefit gold prices [1] - Conversely, if inflation data exceeds expectations, maintaining high dollar rates could suppress gold price increases [1] Group 2: Market Dynamics and Predictions - Gold prices are expected to fluctuate in September due to the interplay of inflation, policy, and geopolitical factors [1] - If liquidity easing expectations prevail, gold prices may maintain a strong upward trend; however, if interest rates and inflation exert pressure, volatility may increase [1] - Central bank gold purchases and safe-haven demand are anticipated to provide ongoing support for gold prices, maintaining an overall upward trend [1] Group 3: Investment Sentiment - Dongwu Securities suggests that a new catalyst for gold prices has emerged, with funds potentially flowing back into gold investments [1] - Since April, gold has been fluctuating at high levels, with political and policy risks causing funds to shift towards silver, palladium, and copper [1] - The Federal Reserve's signals regarding rate cuts may act as a new catalyst for gold prices, leading to a positive outlook for gold investments [1]