机构看金市：11月24日

Core Viewpoints - The market's expectation for a rate cut in December has increased, providing short-term support for precious metals [1] - There is a significant divergence in views within the Federal Reserve, contributing to a weak performance in the U.S. stock market and affecting gold prices [2] - Central bank purchases of gold are expected to continue supporting gold prices in the long term, despite short-term fluctuations [3] Group 1: Market Sentiment and Predictions - Minmetals Futures indicates that the expectation of a dovish monetary policy from the Federal Reserve has significantly rebounded, leading to strong short-term support for precious metals [1] - According to Everbright Futures, the end of the U.S. government shutdown did not sustain market optimism, resulting in a lack of upward momentum for gold prices [2] - Asset Strategies International forecasts that gold prices will continue to rise next year, supported by ongoing central bank purchases [3] Group 2: Key Factors Influencing Gold Prices - Gold and silver prices are driven by long-term factors such as sovereign debt issues, geopolitical risks, and central bank purchases, which remain robust despite short-term adjustments [2] - Rich Checkan from Asset Strategies International believes that the recent decline in gold prices may have been overdone, with solid support expected for future price increases [3] - Blue Line Futures highlights three key factors that will continue to drive gold prices upward, including central banks diversifying away from the dollar, increased investor interest in gold, and a favorable stagflation environment [3]