Workflow
C财经|多因素推动,金价连创新高
Sou Hu Cai Jing·2025-09-10 09:43

Core Viewpoint - The gold prices have surged significantly due to multiple factors, including geopolitical tensions and central bank purchases, leading to a bullish sentiment in the market [5][8]. Group 1: Gold Price Movements - On April 22, COMEX gold futures prices surpassed $3,500 per ounce [3]. - On September 9, COMEX gold futures reached an intraday high of $3,715.20, closing at $3,667.20 per ounce [3][9]. - In August, international gold prices saw a cumulative increase of over 5%, marking the best monthly performance since April [8]. Group 2: Central Bank Activities - As of the end of August, China's gold reserves stood at 74.02 million ounces, reflecting an increase of 60,000 ounces, marking the tenth consecutive month of accumulation [5]. - In the second quarter of this year, central banks globally added a total of 166 tons of gold to their reserves [5]. Group 3: Economic Indicators and Market Sentiment - The U.S. unemployment rate rose to 4.3% in August, the highest in nearly four years, with non-farm payrolls increasing by only 22,000, below economists' expectations [9]. - The market's anticipation of potential interest rate cuts by the Federal Reserve has intensified following the release of disappointing employment data [9][11]. - The upcoming U.S. Consumer Price Index (CPI) report is critical for determining the Fed's interest rate decisions, with expectations that a decline in inflation could further boost gold prices [11].