金价跳涨近1%，国际投行吹响反攻集结号

Group 1 - The recent interest rate cuts by the Federal Reserve have led to a significant increase in gold prices, with spot gold quickly rising to $3,700 per ounce before experiencing a notable adjustment [1] - Historically, during Fed rate cut cycles, gold prices tend to have a high probability of increasing, prompting major investment banks like Citigroup to raise their gold price targets, with a new three-month target of $3,800 per ounce, up from a previous target of $3,600 per ounce [3] - Since the Jackson Hole meeting on August 22, international gold prices have surged over 10%, with spot gold rising from over $3,300 to break the $3,700 per ounce mark, reflecting a substantial increase of $350 per ounce [3] Group 2 - In the short term, continuous interest rate cuts by the Federal Reserve are highly likely, establishing a core trading logic for gold, which is expected to maintain an "easy to rise, hard to fall" trend [4] - Long-term factors supporting gold prices include geopolitical tensions, high U.S. debt levels, ongoing global central bank gold purchases, and the Fed's rate cut cycle, indicating that the long-term upward trend in gold prices is likely to continue [4]