现货黄金突破3690美元，创历史新高！国内金饰价格逼近1100元！近期多家银行调整贵金属业务，提示风险......

Core Viewpoint - International gold prices have reached new historical highs, driven by multiple factors including economic conditions and geopolitical uncertainties [1][5]. Group 1: International Gold Prices - As of September 16, the spot gold price reached $3,694.87, with an intraday high of $3,697.07, marking a record high [1]. - The cumulative increase in international spot gold prices this year has exceeded 40% [5]. Group 2: Domestic Gold Prices - Domestic gold jewelry prices have surged, with brands like Chow Sang Sang and Lao Miao reaching their highest prices of the year. On September 16, Chow Sang Sang's gold price was 1,091 yuan per gram, up 17 yuan from the previous day [3]. - Other brands such as Lao Miao and Chow Tai Fook also saw price increases, with Lao Miao at 1,087 yuan per gram, up 13 yuan [3][4]. Group 3: Market Influences - Factors contributing to the rise in gold prices include expectations of interest rate cuts by the Federal Reserve, a weakening dollar, increased gold purchases by global central banks, and heightened geopolitical uncertainties [5]. - Recent data indicating a weak U.S. job market, particularly a non-farm payroll increase of only 22,000, significantly below the expected 75,000, has reinforced the outlook for interest rate cuts [5]. Group 4: Institutional Responses - Major banks in China, including Bank of China and Agricultural Bank of China, have adjusted their precious metals business, increasing investment thresholds and modifying margin requirements due to heightened market volatility [7]. - These adjustments reflect financial institutions' proactive risk management strategies aimed at protecting investors and preventing speculative trading [7]. Group 5: Future Outlook - Goldman Sachs' commodity team predicts that gold could reach $4,000 per ounce within the next 12 months, driven by a long-term trend of diversification among global investors [5]. - The future trajectory of gold prices will largely depend on the Federal Reserve's policy direction and global risk events, with historical trends indicating that rate-cutting cycles tend to enhance gold's appeal [7].