博时基金王祥：黄金市场延续攀升，美货币政策宽松预期提振

Group 1: Gold Market Dynamics - On December 22, London spot gold surpassed the $4,400 per ounce mark, continuing its upward trend and approaching historical highs [1][13] - The recent U.S. economic data has largely underperformed expectations, reinforcing the certainty of future monetary easing [1][13] - The non-farm payroll report indicated a cooling job market, with government employment decreasing by 150,000 in October and November, contributing to a rise in the unemployment rate to 4.6% [1][13] - The November CPI year-on-year fell to 2.7%, below the expected 3.1%, suggesting near-zero growth in rental costs during October and November [1][13] - The Michigan Consumer Sentiment Index and existing home sales data also fell short of expectations, while the Bank of Japan raised interest rates by 25 basis points to 0.75% [1][13] Group 2: Federal Reserve Leadership and Economic Indicators - Kevin Warsh has gained traction in the market as a potential candidate for the Federal Reserve Chair, with increased betting on his victory [2][14] - The U.S. unemployment rate unexpectedly surged in November, rising from 4.4% to 4.6%, the highest since September 2021 [2][14] - The November non-farm payrolls increased by 64,000, exceeding the expected 50,000, and showing improvement from a decrease of 105,000 in October [2][14] - The November CPI significantly dropped, with nominal CPI year-on-year falling from 3% in September to 2.7%, and core CPI decreasing from 3% to 2.6% [2][14] Group 3: New Gold Resource Discovery - A giant underwater gold mine has been discovered in the northern waters of San Shan Island, Yantai, which is the largest in Asia and the only one of its kind in China [3][15] - The total proven gold resource reserves in the city exceed 3,900 tons, accounting for approximately 26% of the national total, with both reserves and production ranking first in the country [3][15]