沪金涨近2%触及880节前延续强势

Core Viewpoint - The gold market has shown a significant upward trend since September, driven by macroeconomic factors and geopolitical tensions, leading to increased demand for gold as a safe-haven asset [3]. Group 1: Gold Market Performance - As of September 26, the price of pure gold (99.99% purity) in the domestic market reached 852.02 yuan per gram, an increase of 58.86 yuan per gram since the beginning of the month, corresponding to a rise of 7.42% [3]. - Currently, gold futures are trading around 878.38 yuan per gram, with a daily increase of 1.94%, and have reached a high of 880.00 yuan per gram [1][5]. - The upward trend in gold prices is characterized as a "slow bull" market, with significant gains noted in both Shanghai gold and Rongtong gold, which have reached new phase highs [5]. Group 2: Macroeconomic Factors - Weak employment data and a moderate inflation environment have prompted the Federal Reserve to implement a 25 basis point rate cut, effectively releasing market liquidity [3]. - The ongoing expansion of global debt has heightened concerns about repayment capabilities, further driving demand for gold [3]. - The trend of "de-dollarization," increased gold reserves by central banks, and fragmented geopolitical landscapes are contributing to the macro narrative supporting gold prices [3]. Group 3: Future Outlook - Predictions indicate that there may be two more rate cuts by the end of the year, according to the CME FedWatch tool [3]. - Despite previous price corrections, gold has not breached key support levels, suggesting potential for further upward movement [3].