【黄金周报】美联储如期降息25bp，年内或再降息2次

Group 1 - The core viewpoint of the article highlights the recent increase in gold prices, reaching a historical high, driven by the Federal Reserve's decision to restart interest rate cuts amid concerns over the U.S. job market and inflation [1] - Last week, the London spot gold price closed at $3,685 per ounce, reflecting a week-on-week increase of 1.2%, while domestic AU9999 gold closed at 827 yuan per gram, showing a week-on-week decrease of 0.4% [1] - The Federal Reserve announced a 25 basis point rate cut, bringing the interest rate to a range of 4.00%-4.25%, marking the resumption of rate cuts that had been paused since December of the previous year [1] Group 2 - The Fed's dot plot indicates expectations for two more rate cuts this year, which is one more than previously anticipated in June [1] - Market expectations suggest a total of 125 basis points in rate cuts over the next two years, aligning closely with the Fed's guidance [1] - The article anticipates that the resumption of rate cuts will be favorable for gold, especially in the context of rising geopolitical tensions and high U.S. government debt servicing costs [1] Group 3 - Key signals to watch for the upcoming week include the U.S. PCE price index for August and initial jobless claims [2] - The article outlines various factors influencing gold prices, including geopolitical risks, stock market volatility, futures positioning, and technical indicators [6] - The financial attributes such as rising expectations for Fed rate cuts and the current state of inflation and employment data are also seen as supportive for gold prices [6]