Goldman Sachs(US:GS) Sou Hu Cai Jing·2025-12-05 07:27Group 1 - Gold prices experienced fluctuations in early trading on December 5, rebounding in the afternoon to surpass the $4,250 mark, with COMEX gold futures trading around $4,257 per ounce at the close of A-shares [1] - The China Gold ETF (518850) rose by 0.81%, while the Gold Stock ETF (159562) increased by 2.25%, and the Nonferrous Metals ETF (516650) gained 2.21% [1] - Recent labor market data has shown mixed signals, with initial jobless claims dropping to a three-year low, but the ADP report indicated a decrease in private sector employment [1] Group 2 - Market focus has shifted to the upcoming release of the U.S. September PCE price index, which is the Federal Reserve's preferred inflation measure [1] - Goldman Sachs' chief economist, Jan Hatzius, noted signs of cooling in the U.S. labor market, suggesting a 25 basis point rate cut by the Federal Reserve in December is likely [1] - Goldman Sachs believes that rising inflation rates in the U.S. are unlikely to disrupt their forecast for the federal funds rate, with potential inflation rates having dropped to around 2% [1]