今晚CPI会否颠覆市场？两大看点：降息路径、美股和黄金新高

Group 1 - The core viewpoint of the articles revolves around the upcoming U.S. CPI report, which is expected to show a slight increase in core CPI, potentially impacting consumer spending during the holiday shopping season [1] - The report is crucial for the Federal Reserve's interest rate outlook, with market expectations leaning towards at least two rate cuts this year, depending on whether the CPI data is moderate or hot [4] - If the CPI data aligns with or is below expectations, it may alleviate concerns about inflation resurgence, providing a stable macro environment for the upcoming earnings season, particularly for large banks [5] Group 2 - The impact of the CPI data on U.S. stock markets is significant, as a higher-than-expected CPI could delay rate cut expectations, particularly affecting interest-sensitive sectors like technology and real estate [5] - Gold prices are influenced by the CPI report, with potential short-term profit-taking if CPI exceeds expectations, while a moderate CPI could clear obstacles for further gold price increases [8] - The long-term driving forces for gold prices include global geopolitical risks and the trend of "de-dollarization" through central bank gold purchases, suggesting that any price corrections may be temporary [8]