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Core Viewpoint - International gold prices have been on an upward trend, reaching historical highs, driven by factors such as the Federal Reserve's interest rate cuts and ongoing geopolitical tensions [1][2][3]. Group 1: Gold Price Trends - As of September 22, the spot price of London gold reached a historical high of $3726.70 per ounce, marking a significant increase from the opening price of $3447.50 per ounce on September 1, representing an almost 8% rise within the month [1]. - Year-to-date, gold prices have increased by 40%, reflecting strong demand and market dynamics [1]. Group 2: Impact of Federal Reserve Actions - The Federal Reserve's decision to lower the federal funds rate by 25 basis points to a range of 4.00% to 4.25% has led to initial volatility in gold prices, with a brief retreat following the announcement [2]. - Despite the initial drop, gold prices rebounded due to continued expectations of further rate cuts and heightened geopolitical risks, prompting investors to increase their gold holdings as a hedge against potential risks [2][3]. Group 3: Market Sentiment and Future Outlook - Analysts suggest that while short-term fluctuations may occur due to profit-taking by investors, the long-term outlook for gold remains positive, supported by ongoing monetary easing expectations and geopolitical uncertainties [4]. - Central banks continue to maintain a net buying stance on gold, with a reported net increase of 10 tons in global official gold reserves as of July 2025, indicating sustained institutional demand [4].