金饰价格突破1100元/克！还会继续涨吗？

Core Viewpoint - Domestic gold jewelry prices have surpassed 1100 RMB per gram, reflecting a continuous rise in both international and domestic gold prices, with expectations for further increases in the fourth quarter [1][2][11]. Price Trends - As of September 24, 2023, the price of pure gold jewelry from the brand Chow Sang Sang reached 1105 RMB per gram, while another brand, Chow Tai Fook, reported a price of 1098 RMB per gram [3][5]. - The Shanghai Gold Exchange's Au99.99 contract price hit a record high of 856.80 RMB per gram, marking a nearly 10% increase since September and approximately 40% year-to-date [6][7]. Market Drivers - The recent surge in gold prices is attributed to a shift in market sentiment following poor U.S. non-farm payroll data released on August 1, which led to a reevaluation of interest rate expectations. The market is now anticipating a resumption of the interest rate cut cycle, particularly after the dovish stance taken by the Federal Reserve during the Jackson Hole meeting [9][11]. - Additional factors influencing gold prices include concerns over the independence of the Federal Reserve, especially following President Trump's comments regarding potential changes in Fed leadership, which have heightened market volatility [9][11]. Future Outlook - Analysts predict that the upward trend in gold prices will continue into the fourth quarter, driven by ongoing expectations of interest rate cuts and potential changes in Federal Reserve leadership. The long-term outlook suggests that factors such as U.S. debt levels and geopolitical uncertainties will further support gold prices [11].