Sou Hu Cai Jing·2025-11-26 04:49Group 1 - Domestic commodity futures opened with most main contracts rising, with silver up over 2% and other commodities like glass, ethylene glycol, gold, asphalt, and methanol rising over 1% [1] - In the international market, spot gold prices briefly peaked at $4140 per ounce before retreating to $4132 per ounce, while COMEX gold futures rose by 0.89% to $4130.7 per ounce [4][6] Group 2 - Domestic gold jewelry prices have increased, returning to 1300 yuan per gram, with notable increases in prices for brands such as Chow Tai Fook and Chow Sang Sang [6] - UBS analysts indicate that the current pullback in the gold market is temporary, with strong underlying demand expected to drive prices higher, projecting gold prices to reach $4900 per ounce by 2026 [16] - Goldman Sachs forecasts that gold prices could reach $4900 per ounce by the end of 2026, driven by continued diversification of assets by private investors [17] Group 3 - The Federal Reserve is expected to implement a third consecutive rate cut in December, with Goldman Sachs noting that the easing of monetary policy is supported by slowing inflation and a cooling labor market [14] - CME's FedWatch tool indicates an 82.9% probability of a 25 basis point rate cut in December, significantly up from 69.4% previously, which enhances the attractiveness of gold as a non-yielding asset [15]