非农难产，黄金变脸！

Group 1: Gold Market - Gold prices reached a historical high of $3897.03 but subsequently fell to a low of $3819.06, currently hovering around $3870 [1] - Goldman Sachs maintains a bullish outlook on gold, setting a mid-2026 target price of $4000 and an end-2026 target of $4300, indicating potential upward risks [17] - Technical analysis suggests that gold buyers need to keep prices above $3900 to maintain bullish momentum, with the next resistance level at $3950 [19] Group 2: U.S. Stock Market - The S&P 500 and Dow Jones indices opened higher but closed with modest gains, with the Dow up 0.17% and the S&P 500 up 0.06% [2] - The market is reacting to the U.S. government shutdown, which has led to a "data blackout," affecting the release of key economic indicators [4][6] - Despite a 99% expectation for a rate cut in October, comments from Dallas Fed President Logan tempered optimism regarding aggressive rate cuts [5][6] Group 3: U.S. Government Shutdown - The government shutdown has delayed the release of critical economic data, including the September non-farm payroll report, heightening uncertainty around economic conditions and Federal Reserve policy [8] - Analysts believe the shutdown may reinforce expectations for a rate cut in October, with the probability now at 100% according to CME FedWatch [8] Group 4: Egypt's Monetary Policy - Egypt's central bank cut interest rates by 100 basis points to 21%, marking the fourth rate cut this year, aimed at reducing debt servicing costs amid improving currency strength and lower inflation [9][10] - Economists expect further rate cuts in the range of 100 to 200 basis points, but caution that this may be the last cut in the short term due to anticipated fuel price hikes [10] Group 5: Foreign Investment in China - In September, foreign capital inflows into China's stock market rebounded to $4.6 billion, the highest monthly figure since November 2024, with a total of $18 billion inflows year-to-date [13] - Analysts suggest that opportunities in China's A-shares in October may be concentrated in the technology growth sector [13] Group 6: EU Trade Policy - The EU plans to double steel import tariffs to 50%, although concerns have been raised by the European Automobile Manufacturers Association regarding potential inflationary impacts [14]