金荣中国：现货黄金延续新高，盘中一度挑战4233美元/盎司

Core Viewpoint - The rise in gold prices is primarily driven by increasing expectations of interest rate cuts by the Federal Reserve, geopolitical uncertainties, and escalating international trade tensions [3][4][6]. Fundamental Analysis - Gold prices have shown strong performance, trading around $4,229 per ounce after a significant increase of 1.59% on the previous day, marking four consecutive days of gains [1]. - The U.S. dollar index has declined by 0.32% to 98.72, reflecting a bearish trend over two consecutive days [1]. - The Federal Reserve's Beige Book indicates little change in U.S. economic activity, with signs of increased layoffs and reduced spending among middle- and low-income households [4]. - Market expectations suggest a 25 basis point rate cut at the upcoming Federal Reserve meeting on October 28-29, with further cuts anticipated in December and three more in the following year [1][3]. - The labor market is under pressure, with layoffs increasing and spending declining, particularly among lower-income families [4][5]. - The ongoing government shutdown has resulted in an estimated economic output loss of approximately $15 billion per day, affecting key economic data releases [5]. - Trade tensions have reignited, particularly regarding U.S.-China relations, contributing to market uncertainty and further supporting gold's appeal as a safe-haven asset [6]. Technical Analysis - The daily chart indicates a strong bullish trend for gold, with potential upward movement towards the $4,300 level [8]. - Short-term trading strategies suggest entering long positions around $4,145 or $4,120, with a stop loss of $10 and targets set at $4,190 and $4,230 [7][8]. - Caution is advised for traders, as there may be a risk of price pullbacks, particularly around the $4,250 level [8].