Group 1 - The core viewpoint is that gold prices have surged significantly, with COMEX gold rising over 10% in the past month, reaching a new historical high of $3739.3 per ounce [2] - Accompanying the rise in international gold prices, the price of gold jewelry has also increased, with major brands like Chow Sang Sang reporting prices of 1091 RMB per gram for gold jewelry [4] - Other brands such as Chow Tai Fook and Luk Fook have also adjusted their gold prices to around 1087 RMB per gram, reflecting the overall trend in the gold market [4] Group 2 - Looking ahead, Huashan Fund anticipates that the Federal Reserve is likely to restart interest rate cuts in September, which could benefit gold prices [5] - The current economic environment characterized by "high interest rates + high debt" is leading to increased interest costs on U.S. government debt, contributing to ongoing concerns about U.S. Treasury and dollar credit risks [5] - Central bank gold purchases are expected to continue, indicating that gold is on a path towards a new cycle of growth [5]