降息大反转，黄金崛起！

Group 1 - Gold prices experienced fluctuations, reaching a new high since November 14, before closing down by 0.1% at $4130.84, with current trading around $4159 [1] - U.S. stock indices saw collective gains, with the Dow Jones up by 664.18 points (1.43%), S&P 500 up by 0.91%, and Nasdaq up by 0.67% [1] - Market expectations for a rate cut by the Federal Reserve surged following economic data releases, with the probability of a 25 basis point cut in December rising from approximately 40% to over 80% [3][5] Group 2 - U.S. September PPI showed a year-on-year increase of 2.7%, matching expectations, while core PPI rose by 2.6%, slightly below the forecast [3] - Consumer confidence in the U.S. dropped significantly, with the index falling by 6.8 points to 88.7, indicating potential economic slowdown [3] - Federal Reserve officials, including Governor Milan and New York Fed President Williams, indicated a need for further rate cuts to adjust monetary policy closer to neutral [5] Group 3 - The potential nomination of Kevin Hassett as the next Federal Reserve Chair could lead to more aggressive rate cuts, impacting the central bank's independence [7] - Current market sentiment shows a strong belief in rate cuts, with probabilities for a 25 basis point cut in December at 84.7% and a cumulative cut of 50 basis points by January at 24.4% [7] - The ongoing discussions regarding the U.S.-Russia-Ukraine peace agreement may influence market dynamics, with skepticism from European leaders about the progress [8][10]