黄金，再次见证历史！

Core Viewpoint - Spot gold prices have reached a historic high, surpassing $3800 per ounce, driven by various market factors including expectations of interest rate cuts and increased geopolitical risks [1][3]. Group 1: Gold Price Movement - On September 29, spot gold prices hit $3807.319 per ounce, marking a 1.29% increase from the previous day [1]. - Since September 25, gold prices have surged past key levels of $3770, $3780, and $3790, with a year-to-date increase of over 45% [2]. Group 2: Market Influences - The recent strength in gold futures is attributed to the anticipated onset of a Federal Reserve rate cut cycle, rising geopolitical risks boosting safe-haven demand, and increased holdings in global gold ETFs alongside strong domestic consumption [3]. - According to CME FedWatch data, traders currently estimate a 89.3% probability of a rate cut in October and about 66.6% in December [5]. Group 3: Domestic Gold Jewelry Prices - Domestic gold jewelry prices have all surpassed 1100 yuan per gram, with brands like Chow Sang Sang priced at 1111 yuan/gram and Lao Miao at 1108 yuan/gram [4]. Group 4: Stock Market Performance - The A-share precious metals sector saw significant gains, with companies like Shengda Resources and Xingye Silver Tin hitting the daily limit, and others like Tongling Nonferrous Metals and Zhaojin Mining also experiencing notable increases [6]. - In the Hong Kong stock market, gold stocks also saw expanded gains, with Tongguan Gold rising by 7.98% and Zijing Mining by 5.66% [6].