黄金又大涨，1万元买金和买黄金股，哪个更赚钱

Core Viewpoint - Gold prices have reached new historical highs in September, driven by various economic factors and expectations of interest rate cuts by the Federal Reserve [1][3][4] Group 1: Gold Price Trends - As of September 3, Comex gold futures peaked at $3640.1 per ounce, while London spot gold reached $3578.375 per ounce, both setting new records [1] - Major gold stocks like Zijin Mining and Shandong Gold have seen price increases exceeding 50% this year, outperforming gold itself and significantly beating the Shanghai Composite Index [1] Group 2: Economic Factors Influencing Gold Prices - The expectation of interest rate cuts by the Federal Reserve has been a key driver for the rise in gold prices, with a Morgan Stanley report indicating an average increase of 6% in gold prices within 60 days of the Fed starting a rate cut cycle [3][4] - Recent U.S. economic data, including disappointing non-farm payroll figures and rising unemployment rates, have heightened expectations for a 25 basis point rate cut in September, with probabilities exceeding 85% [5] Group 3: Long-term Outlook for Gold - The ongoing global economic uncertainties and the increasing trend of central banks accumulating gold reserves suggest a sustained demand for gold as a safe-haven asset [7][10] - The U.S. national debt has surpassed $37 trillion, raising concerns about the long-term credibility of the dollar, which may drive investors towards gold [7][9] - The limited supply of gold and the structural narrative supporting its investment appeal continue to bolster its long-term value [9][10]