川普大战最高法，金价再迎利多

Group 1 - The U.S. Supreme Court is debating the legality of Trump's large-scale imposition of reciprocal tariffs, with both liberal and conservative justices expressing doubts about its legality [1] - Chief Justice Roberts emphasized that tariffs imposed by Trump are essentially taxes on Americans, which is a core power of Congress [1] - The Supreme Court, which has a conservative majority of 6:3, is expected to announce its ruling in December [1] Group 2 - The probability of Trump winning the case has decreased to 27% from 40% prior to the debate, hitting a new low of 18% during the hearing [1] - If the Supreme Court rules against the legality of the tariffs, it could lead to increased risk aversion in financial markets, potentially driving up gold prices [1] - On the same day, gold prices in China rose by 0.79%, closing at 917.8 yuan per gram [1] Group 3 - According to Guangfa Futures, the U.S. economy and job market are facing challenges due to government shutdowns and trade tensions, leading to increased uncertainty in short-term policies [2] - Geopolitical risks and financial institution failures are prompting central banks to increase gold holdings, which may drive a resurgence in precious metals similar to the bull market of the 1970s [2] - The market may experience a 2-3 month consolidation period after reaching new highs in gold prices, with potential buying opportunities if prices drop below $3,900 (900 yuan) [2]