美联储官员谨慎表态压制黄金上行，金价高位震荡，市场聚焦今晚PCE数据

Core Viewpoint - Gold prices are experiencing fluctuations around high levels, influenced by upcoming economic data and Federal Reserve officials' cautious statements, which may limit short-term price increases [1] Group 1: Market Performance - As of September 26, COMEX gold futures prices slightly retreated in the morning but rebounded in the afternoon, trading around $3,776 [1] - Gold-related ETFs showed strength, with 华夏 (518850) up 0.15%, 黄金股ETF (159562) up 0.10%, and 有色金属ETF基金 (516650) up 1.07% by 13:16 [1] Group 2: Federal Reserve Influence - Federal Reserve officials, including Chairman Jerome Powell, indicated that future monetary policy will largely depend on upcoming economic data [1] - Fed Governor Stephen Milan leans towards a more aggressive 0.50% rate cut, suggesting inflation is closer to the 2% target when excluding temporary tariff impacts [1] Group 3: Economic and Geopolitical Concerns - Stephen Innes from SPI Asset Management noted that the rise in gold prices signals significant benefits for precious metal investors, while also reflecting unprecedented economic and geopolitical anxiety since the late 1970s [1] - Baocan Futures analysis indicated that after reaching $3,800, New York gold has shown high-level fluctuations, with corresponding Shanghai gold prices oscillating in the 850-860 yuan range [1] Group 4: Market Dynamics - Following the September FOMC meeting, the US dollar index has continued to rebound, putting pressure on gold prices [1] - There is an increasing willingness among short-term bulls to take profits, leading to a continuous decline in Shanghai gold positions, although the medium to long-term upward trend remains intact [1]