Mei Ri Jing Ji Xin Wen·2025-09-03 04:42Group 1 - The core viewpoint of the article highlights that gold prices have reached new historical highs, with spot gold rising by 0.24% to $3539.25 per ounce and New York futures gold at $3604.7 per ounce [1][3] - Multiple institutions predict that after four months of consolidation, precious metals are expected to enter a new upward trend, with Morgan Stanley setting a year-end target price for gold at $3800 per ounce [3][5] - The demand for gold is driven by geopolitical and economic risks, strong demand for gold ETFs and physical gold, and a robust central bank purchasing trend [5] Group 2 - In the A-share market, several gold-related stocks have shown significant gains, with Western Gold rising over 6%, and other companies like Zhongjin Gold, Shandong Gold, and Zijin Mining also experiencing increases [3][4] - The analysis from the research department of Dongfang Jincheng indicates that international gold prices will experience increased volatility in the short term, supported by market expectations of a Federal Reserve rate cut [5] - The World Gold Council reports that gold prices have increased by approximately 26% this year, reinforcing gold's role as a core asset for risk aversion and value storage in global investment portfolios [5]