Sou Hu Cai Jing·2025-09-04 02:09Group 1: Gold Price Trends - The spot gold price has reached a historic high of over $3,560 per ounce, marking a year-to-date increase of over 35% [1] - Gold stocks in the US market have seen significant gains, with Harmony Gold rising over 5% and AngloGold up over 3% [1] - The international gold price has increased for seven consecutive trading days [1] Group 2: Domestic Gold Jewelry Prices - Domestic gold jewelry prices have continued to rise, with brands like Chow Sang Sang reporting prices of 1,056 yuan per gram and Chow Tai Fook at 1,053 yuan per gram [2] - In the Shenzhen market, the price of gold jewelry has reached 818 yuan per gram, up from approximately 796 yuan per gram on August 30 [3] Group 3: Market Sentiment and Consumer Behavior - Consumers have become accustomed to high gold prices, with some believing there is still room for further price increases [4] - The World Gold Council has indicated that gold jewelry consumption in China may remain under pressure in the second half of the year due to low consumer confidence and high prices [4] Group 4: Economic Factors Influencing Gold Prices - Recent dovish comments from Federal Reserve Chairman Jerome Powell and economic data have strengthened market expectations for a rate cut in September, supporting gold prices [4] - The probability of the Federal Reserve maintaining interest rates is at 12.6%, while the probability of a 25 basis point cut is at 87.4% [4] Group 5: Future Developments in Gold Trading - The World Gold Council is seeking to launch a digital form of gold, which could transform the $900 billion physical gold market in London [5] - This new digital business model, named "Gold Ownership Pool," will allow banks and investors to buy and sell partial ownership of physical gold held in independent accounts [5]