黄金早参 | 降息预期持续，金价探底回升，短期调整或为配置机会

Core Viewpoint - Gold prices continue to fluctuate, with COMEX gold futures experiencing a drop to $4203 per ounce before recovering to close at $4237.9 per ounce, influenced by rising expectations of interest rate cuts and increased institutional holdings in gold [1] Group 1: Market Performance - COMEX gold futures rose by 0.13% to $4237.9 per ounce at the close [1] - The gold ETF Huaxia (518850) fell by 0.37%, while the gold stock ETF (159562) decreased by 0.28% [1] Group 2: Economic Indicators - The Director of the National Economic Council, Hassett, indicated that real wage growth exceeding inflation may lead to a 25 basis point interest rate cut at the next Federal Reserve meeting [1] - According to CME's "FedWatch," the probability of a 25 basis point rate cut by the Federal Reserve in December is 87% [1] Group 3: Market Outlook - Zhongtai Futures noted that macroeconomic factors such as monetary policy easing, safe-haven demand, reserve demand, and allocation demand continue to support a bullish outlook for gold, with no mid-term bearish factors currently identified [1] - The potential for a sustained strong performance in gold over the medium to long term remains high, with short-term adjustments providing mid-term allocation opportunities [1]