黄金早参 | 经济担忧助推降息升温，金价突破4120美元，创近两周新高

Core Viewpoint - The end of the U.S. government shutdown and the release of weak economic data are driving expectations for interest rate cuts, leading to a significant rise in gold prices [1] Group 1: Economic Indicators - The U.S. government shutdown lasted for 41 days, setting a record, but a potential agreement to end it is reportedly being reached [1] - The University of Michigan reported that the consumer confidence index for November dropped to 50.3, the lowest level since June 2022, and below expectations [1] Group 2: Market Reactions - Gold prices surged, with COMEX gold futures rising by 2.83% to $4123.4 per ounce, marking a near two-week high, and the volatility exceeded $118 during the day [1] - The China Gold ETF (518850) increased by 1.70%, while the Gold Stock ETF (159562) rose by 2.79% [1] Group 3: Future Implications - Analysts suggest that the end of the government shutdown will restore the normal release of government data, which may allow the Federal Reserve to consider further interest rate cuts in December [1] - The anticipated release of previously withheld macroeconomic data could indicate persistent inflation and a weaker labor market than reported by ADP, potentially raising expectations for rate cuts and supporting gold prices [1]