金荣中国：全球最大黄金ETF持续增持，金价再度走高维持涨势

Market Overview - International gold prices saw a significant increase on September 15, opening at $3643.96 per ounce, reaching a high of $3681.86, a low of $3626.60, and closing at $3680.50 [1] Economic Indicators - The New York Federal Reserve's manufacturing index for September recorded -1.2, falling short of market expectations by 5 points, with a previous value of 11.9. This decline is attributed to weak new orders and shipment volumes, indicating a notable softening in demand [2] - The manufacturing index has been in contraction for six consecutive months, reflecting ongoing pressures in the U.S. manufacturing sector and a reduction in industry employment due to uncertainties stemming from trade policies and immigration restrictions [2] Federal Reserve Insights - Morgan Stanley's Chief Global Strategist Kelly expressed concerns that if the Federal Reserve's anticipated rate cut is perceived as politically motivated, it could heighten risks for stocks, bonds, and the dollar. He advised investors to adopt a cautious stance and diversify their investments [3] - Former St. Louis Fed President Bullard indicated interest in the Fed Chair position and expects a 25 basis point rate cut, suggesting that a cumulative cut of 75 basis points by year-end is reasonable [4] Geopolitical Developments - President Trump announced military strikes against Venezuelan targets linked to drug trafficking, highlighting ongoing geopolitical tensions [6] - U.S. energy officials are considering expanding strategic uranium reserves to reduce reliance on Russian supplies, which currently account for about 25% of the enriched uranium for U.S. nuclear reactors [7] Gold Market Dynamics - The largest gold ETF, SPDR Gold Trust, increased its holdings by 2.01 tons, bringing the total to 976.81 tons. The market anticipates a 95.9% probability of a 25 basis point rate cut by the Federal Reserve this week [7] - Gold prices are expected to maintain an upward trend, with a cautious approach recommended for short-term trading strategies [9][10]