黄金早参丨通胀担忧减弱，降息预期持续升温，金价积累上涨动能

Core Viewpoint - Gold prices surged past the $4200 mark due to rising expectations of a Federal Reserve rate cut and a weakening dollar, before slightly retreating to close at $4189.6 per ounce [1] Economic Indicators - The U.S. core PCE year-on-year growth is expected to decrease from 2.9% in August to 2.8% in September, based on the CPI and PPI inflation data [1] - Service inflation has stabilized or weakened after a slowdown in August, with significant declines in housing inflation; October rent fell by 0.31% month-on-month, marking the largest monthly drop in 15 years [1] - Prices for various categories in U.S. commodities and personal care products have shown a consistent slowdown or decline over several months, indicating a broader trend of easing inflation [1] Federal Reserve Outlook - According to CME's "FedWatch," there is an 86.9% probability that the Federal Reserve will cut rates by 25 basis points in December [1] - Analysts indicate that the risk of weakening employment in the U.S. economy currently outweighs the risk of rising inflation, suggesting the need for continued rate cuts to support employment and consumption among middle and low-income groups [1] - Most Federal Reserve officials supported three rate cuts within the year during the September economic forecast, viewing a December cut as a baseline scenario, despite existing divisions within the Fed [1]