百利好丨现货黄金破顶，深夜回落现波动

Group 1 - The core viewpoint of the articles highlights the recent surge in gold prices, with spot gold reaching a historical high of $3,660 per ounce and COMEX gold futures touching $3,700 per ounce, driven by expectations of interest rate cuts and geopolitical tensions [1][3] - The People's Bank of China reported an increase in gold reserves to 74.02 million ounces by the end of August, marking a continuous increase for ten months, indicating a trend of central banks accumulating gold as a hedge against inflation and currency risks [3] - Factors contributing to the rise in gold prices include persistent high inflation in the U.S., expansionary fiscal policies, and concerns over the dollar's credit system, which have made gold an attractive option for enhancing local currency credibility [3] Group 2 - The domestic gold price has shown a discount compared to international prices, with a difference of $8.1 per ounce as of September 5, which had previously widened to $16.7 per ounce, reflecting market dynamics amid rising international gold prices [3] - The expectation of continued monetary easing by the Federal Reserve, coupled with weak U.S. non-farm payroll data, has reinforced market sentiment for rate cuts, further enhancing the investment appeal of gold [3]