黄金时间·每日论金：金价冲击3800美元，警惕短线回落风险

Core Viewpoint - The international gold price continues to rise, with a significant increase of approximately 42% this year, driven by central bank gold purchases, changes in Federal Reserve policy expectations, and safe-haven demand [1][2]. Group 1: Market Performance - On September 23, the spot gold opened at $3,745.77, reached a high of $3,791.08, and closed at $3,763.66, marking an increase of $17.82 or 0.48% [1]. - The gold price has shown a strong upward trend, with over 40 days of hitting historical highs, indicating a robust market condition [2]. Group 2: Federal Reserve Influence - Federal Reserve Chairman Jerome Powell indicated that the current interest rate stance remains "slightly tight," while acknowledging challenges in achieving stable inflation and a healthy labor market [1]. - The market maintains expectations for a dovish Federal Reserve despite Powell's cautious tone, reflecting ongoing support for gold prices [1]. Group 3: Technical Analysis - The gold price has accumulated a rise of nearly $500 since its low of $3,311, but the potential for profit-taking adjustments is increasing [2]. - Short-term technical targets are set around $3,780 and $3,800, with support levels identified at approximately $3,750 and $3,735 [2].