机构看金市：9月15日

Core Viewpoints - The precious metals market is experiencing intensified volatility near historical highs, with expectations of increased fluctuations due to a mix of bullish and bearish factors [1] - The long-term bullish trend for precious metals, particularly gold, is expected to continue, supported by central bank buying and a complex global trade environment [1][2] Group 1: Market Analysis - Galaxy Futures notes that despite a rebound in the U.S. August CPI, the overall data remains mild and aligns with market expectations, highlighting the fragility of the U.S. labor market. This has solidified market expectations for multiple rate cuts by the Federal Reserve this year [1] - Southwest Futures emphasizes that the current global trade and financial environment is complex, with significant uncertainty regarding tariffs. The trends of "de-globalization" and "de-dollarization" are favorable for gold's investment and hedging value [1] - UBS forecasts that gold prices will rise to $3,900 per ounce by mid-next year, driven by favorable market conditions and increased ETF inflows [2] Group 2: Investment Strategies - Galaxy Futures suggests that the recent bullish factors for precious metals are nearing full realization, which may lead to increased volatility in the market [1] - UBS analysts indicate that the recent surge in gold prices, following a breakout from a consolidation pattern, confirms the effectiveness of the upward movement, despite potential short-term fluctuations [2] - Jefferies highlights that a weak dollar presents a significant opportunity for gold, as a declining dollar typically correlates with rising gold prices [2]