9月降息升温，金价大爆发!杰克逊霍尔前夕黄金重拾涨势

Core Viewpoint - Gold prices are experiencing upward momentum due to rising market risk aversion, expectations of a Federal Reserve rate cut, and a weakening dollar, particularly in the context of declining tech stock prices in the U.S. market [1][2][5]. Group 1: Market Dynamics - Gold futures and spot prices have rebounded as U.S. tech giants face stock price declines, with spot gold prices nearing $3,350 [1]. - The S&P 500 and Nasdaq 100 indices have shown weakness, with significant declines in major tech stocks, including Nvidia, which has seen a nearly 4% drop over two days [1]. - Wall Street firms like Goldman Sachs, JPMorgan, and Citigroup view market fear and risk aversion as key catalysts for short-term gold price increases [1]. Group 2: Federal Reserve Insights - President Trump is advocating for a rate cut from the Federal Reserve, calling for the resignation of Fed Governor Lisa Cook, which could allow him to influence future monetary policy [2][4]. - The latest FOMC meeting minutes indicate a hawkish stance, with most policymakers believing that a rate cut is premature despite growing concerns about inflation and labor market weakness [2][4]. - Market participants are eagerly awaiting Fed Chair Jerome Powell's speech for hints regarding potential rate cuts in September [2]. Group 3: Price Predictions and Trends - Goldman Sachs maintains a bullish outlook for gold, predicting prices could reach $4,000 per ounce by mid-2026, driven by strong global central bank demand and ETF inflows [5]. - Citigroup has revised its three-month gold price forecast from $3,300 to $3,500 per ounce, citing deteriorating economic growth and inflation outlooks [7]. - JPMorgan forecasts that deteriorating non-farm employment data could catalyze gold prices to reach $3,675 per ounce by year-end, with a potential rise to $4,000 per ounce early next year [8].