华西证券：看好未来黄金价格，关注黄金股配置机会

Core Viewpoint - The ongoing U.S. government shutdown and the recent 25 basis point rate cut indicate a clearer outlook for future interest rate reductions, despite suppressed expectations for a December cut. [1] Group 1: Economic Environment - The prolonged U.S. government shutdown continues to impact economic stability [1] - Geopolitical conflicts and the accelerating trend of "de-dollarization" globally are influencing central banks and investors to increase gold purchases [1] Group 2: Gold Market - Concerns over global currency and debt are benefiting gold as a trading direction linked to debt and monetary easing [1] - The outlook for gold prices is positive, supported by the current economic conditions [1] Group 3: Investment Opportunities - The rise in gold prices is enhancing profit expectations for gold resource stocks [1] - Current valuations of gold stocks are at low levels, presenting potential investment opportunities [1]