黄金收评｜金价冲高回落，日内波动超50美元，市场聚焦今晚PMI数据

Core Viewpoint - The expectation of interest rate cuts is rising, leading to fluctuations in gold prices, which briefly surpassed $4,290 before retreating, indicating market sensitivity to monetary policy changes [1] Group 1: Gold Market Performance - On December 1, gold prices experienced significant volatility, reaching a high of $4,290 and a low of $4,241, with intraday fluctuations exceeding $50 [1] - As of the close of A-shares, COMEX gold futures traded around $4,273 per ounce, with the China Gold ETF (518850) up 1.03%, the Gold Stock ETF (159562) up 3.33%, and the Nonferrous Metals ETF (516650) up 2.86% [1] Group 2: Economic Indicators and Expectations - The U.S. ISM Manufacturing PMI is set to be released, with expectations that a lower-than-expected result could further suppress the dollar and support gold prices in the short term [1] - President Trump has indicated his choice for the next Federal Reserve Chair, expressing a desire for the nominee to implement interest rate cuts, while dovish candidate Hassett has stated he would accept the position if invited [1] Group 3: Federal Reserve Insights - According to Capital Economics, recent statements from officials suggest a potential 6-6 deadlock in the upcoming Federal Reserve vote [1] - Barclays Research notes significant internal disagreement regarding the next month's interest rate decision, but Chairman Powell is likely to advocate for a rate cut by the Federal Open Market Committee [1]