跌破3900，黄金牛市或终结！

Group 1 - Gold prices experienced a significant drop, closing down $131.28, or 3.19%, at $3981.37, with intraday lows reaching $3970.81, marking the lowest level since October 10 [1] - The U.S. stock market saw all three major indices close higher, with the Nasdaq rising 1.86%, the S&P 500 up 1.23%, and the Dow Jones increasing by 0.71% [2] - The Mexican President announced that the U.S. has agreed to extend the deadline for trade negotiations, indicating progress in discussions regarding trade, security, and immigration [5] Group 2 - The Federal Reserve is expected to lower interest rates by 25 basis points, bringing the federal funds rate to a range of 3.75% to 4.00%, following recent lower-than-expected inflation data [6] - Market participants are anticipating a 96.7% probability of a 25 basis point rate cut in October, with a 93.9% chance of a cumulative 50 basis point cut by December [8] - The upcoming earnings season is crucial, with over 170 companies expected to report, including major tech firms, which are projected to see a profit growth rate of around 16% [8][10] Group 3 - Chinese assets have seen a significant surge, with the Nasdaq Golden Dragon China Index rising over 2%, driven by a narrative of value reassessment and increased interest from long-term investors in Chinese tech stocks [11] - A report from Citigroup indicates a growing interest among long-term investors in Chinese technology stocks, reflecting a shift in global capital allocation [11]