美政府停摆时长创记录，黄金下行驱动放缓，短期或震荡调整为主

Core Viewpoint - The market experienced a cooling effect due to uncertainties and the Federal Reserve's interest rate cuts, leading to a continued but weakening fluctuation in gold prices [1] Group 1: Market Performance - COMEX gold futures saw a weekly increase of 0.28%, closing at $4007.82 per ounce, ending a two-week decline [1] - The China Gold ETF (518850) experienced a slight weekly decline of 0.03%, while the gold stock ETF (159562) fell by 2.53% [1] Group 2: Economic Impact - The U.S. government shutdown has reached a historic duration, with no agreement on the funding bill between the two parties, and the economic impact is becoming evident [1] - The Congressional Budget Office estimates that the shutdown could reduce the economic growth rate by up to 2 percentage points in the fourth quarter [1] Group 3: Market Drivers - According to Chaos Tiancheng Futures Analysis, factors such as the ISM manufacturing PMI, Challenger job cuts, and weak consumer confidence are influencing the market [1] - The ongoing government shutdown is causing a slight weakening of the dollar index and fluctuations in U.S. Treasury yields, which are exerting less pressure on precious metals [1] - The macroeconomic environment remains uncertain, indicating significant volatility in precious metals in the short term, with multiple driving factors yet to be released [1]