Group 1 - The spot gold price has surpassed $3500, reaching a new historical high of $3501.030 per ounce, with a daily increase of 0.74% [1] - On September 1, international gold prices saw significant increases, with the New York Commodity Exchange's December delivery gold price briefly exceeding $3550 per ounce, marking a historical peak [3] - The domestic gold jewelry prices have also risen, with brands like Lao Miao and Chow Tai Fook increasing their prices by 11 and 10 CNY per gram respectively [3] Group 2 - The U.S. job market is showing signs of weakness, contributing to rising expectations for a Federal Reserve interest rate cut, with an 89.7% probability of a 25 basis point cut in September according to the CME FedWatch Tool [5] - The international gold price has experienced a notable upward trend, with an overall increase of over 5% in August, marking the best monthly performance since April [5]

Core Viewpoint - The spot gold price has surpassed $3,500 per ounce, reaching a new historical high, driven by rising market risk aversion and expectations of a potential interest rate cut by the Federal Reserve [1] Group 1: Gold Price Movement - Spot gold reached $3,501.030 per ounce, marking a 0.74% increase on the day [1] - In August, the international gold price saw a cumulative increase of over 5%, representing the best monthly performance since April [1] Group 2: Domestic Gold Jewelry Prices - Domestic gold jewelry prices have also risen significantly, with Chow Sang Sang priced at 1,041 CNY per gram, an increase of 16 CNY from the previous day [1] - Lao Miao Gold's price reached 1,034 CNY per gram, up by 11 CNY in a single day [1] Group 3: Economic Indicators - The U.S. job market is showing signs of weakness, contributing to rising expectations for a Federal Reserve interest rate cut [1] - The upcoming U.S. non-farm payroll data, scheduled for release on Friday, is anticipated to be a key indicator of the health of the U.S. economy and may influence market expectations regarding interest rate cuts [1]

Group 1 - The spot gold price has surpassed $3500 per ounce, reaching a historical high, with the Shanghai Gold ETF (159830) experiencing a 0.57% increase and a trading volume exceeding 600 million yuan [1][2] - The Shanghai Gold ETF (159830) has a latest circulating scale of 1.4 billion yuan, ranking first among similar products in the Shenzhen market [1][2] - The banking sector has shown resilience, with the Tianhong Bank ETF (515290) rising by 1.29% and a trading volume of 133 million yuan, indicating active trading with a slight premium [1][2] Group 2 - Key stocks in the banking sector, such as Chongqing Rural Commercial Bank and Qilu Bank, have increased by over 3%, reflecting positive market sentiment [2] - The Shanghai Gold ETF (159830) has a management fee of 0.25% and a custody fee of 0.05%, both lower than the average for similar products, and supports T+0 trading [2] - Recent market trends indicate a strong rebound in precious metal prices due to expectations of interest rate cuts and heightened risk aversion, with forecasts suggesting that gold prices may reach new historical highs [2]

刚刚，现货黄金盘中突破3500美元，超过今年4月22日，再创历史新高。截至发稿，报3501.030美元/盎 司，日内涨0.74%。 2日，国内金饰价格也有较大幅度增长，周生生为1041元/克，较前日上涨16元，老 庙黄金为1034元，单日上涨11元。 近期，在市场避险情绪升温等多重因素的支撑下，国际金价涨势明 显，整个8月，国际金价累计涨幅超过5%，创下今年4月以来的最佳单月表现。（东方视频 俞霖） ...

Group 1 - The spot gold price has surpassed $3500 per ounce, reaching a new historical high of $3501.030, with a daily increase of 0.74% [2][3] - The highest price recorded during the trading session was $3501.880, while the lowest was $3473.878 [3] - Domestic gold jewelry prices have also seen significant increases, with prices for brands like Chow Sang Sang and Lao Miao rising to 1041 RMB per gram and 1034 RMB per gram respectively [4][5] Group 2 - On September 1, the international gold price reached a peak of $3550 per ounce, marking a historical high, with a daily increase of 0.72% [6] - The weakening of the US dollar, which hit a five-week low, has contributed to the rise in international gold prices, driven by market expectations of a potential interest rate cut by the Federal Reserve [7] - The US employment market's signs of weakness have heightened expectations for a rate cut, with an 89.7% probability of a 25 basis point cut anticipated in September [7][9] - In August, international gold prices experienced a cumulative increase of over 5%, representing the best monthly performance since April [9]

Group 1 - Domestic gold jewelry prices have seen significant increases, with Chow Sang Sang priced at 1041 RMB per gram, up 16 RMB from the previous day, and Lao Miao Gold at 1034 RMB per gram, up 11 RMB in a single day [2] - The price of 24K gold jewelry is currently 1034 RMB per gram, while platinum jewelry is priced at 470 RMB per gram, and crafted gold bars at 989 RMB per gram [5] - On September 1, international gold prices surged, with December futures on the New York Mercantile Exchange briefly exceeding 3550 USD per ounce, marking a historical high [6] Group 2 - The weakening US dollar, reaching a five-week low, has contributed to the rise in international gold prices, driven by market expectations of a potential interest rate cut by the Federal Reserve [7] - The upcoming US non-farm payroll data release is anticipated to be a crucial indicator of economic health, potentially influencing market expectations regarding the Fed's interest rate decisions [9] - In August, international gold prices experienced a cumulative increase of over 5%, representing the best monthly performance since April of this year [9]

Group 1 - The spot gold price has surpassed $3500 per ounce, reaching a new historical high of $3501.030, with a daily increase of 0.74% [1] - The London gold price also showed significant movement, with a peak of $3501.880 during the trading session [2] - Domestic gold jewelry prices have increased, with Zhou Shengsheng priced at ¥1041 per gram, up by ¥16, and Lao Miao gold at ¥1034, up by ¥11 [3] Group 2 - On September 1, the international gold price rose significantly, with December futures reaching a peak of $3550 per ounce, marking a historical high [4] - The weakening US dollar, which hit a five-week low, has contributed to the rise in international gold prices, driven by expectations of a potential interest rate cut by the Federal Reserve [5] - The US job market's weakening is a factor in the rising expectations for a Fed rate cut, with the upcoming non-farm payroll data being a key indicator for economic health [7]

Core Viewpoint - International gold prices have surged significantly, reaching a historic high of over $3,550 per ounce, driven by market expectations of a Federal Reserve interest rate cut this month [1] Group 1: Price Movements - As of 8 PM Beijing time, international gold prices were reported at $3,541 per ounce, with a daily increase of 0.72% [1] - London spot gold prices were reported at $3,469 per ounce, showing a daily increase of over 0.6% [1] - In August, international gold prices experienced a cumulative increase of over 5%, marking the best monthly performance since April of this year [1] Group 2: Market Influences - The rise in gold prices is attributed to heightened market risk aversion and expectations surrounding the Federal Reserve's potential decision to cut interest rates [1] - According to the CME FedWatch Tool, there is an 89.7% probability that the Federal Reserve will lower rates by 25 basis points in September [1]

Group 1 - The core viewpoint indicates that the recent increase in gold prices is influenced by geopolitical tensions, U.S. monetary policy, and rising physical gold demand in China [1][3] - As of September 1, the Shanghai gold spot price was reported at 795.38 yuan per gram, showing a discount of 5.18 yuan compared to the futures price of 800.56 yuan per gram [1] - The U.S. labor market showed unexpected weakness with non-farm employment figures falling short of market expectations, and the unemployment rate rising to 4.2% [2] Group 2 - The latest PCE and core PCE data from the U.S. met market expectations, indicating persistent inflation but limited impact from tariff shocks, which has raised market expectations for a potential Fed rate cut [3] - The demand for physical gold in China has significantly increased, with the central bank resuming gold purchases since November last year, continuing for eight consecutive months [1] - The geopolitical risks have slightly diminished, but the market's demand for safe-haven assets remains, contributing to the upward pressure on gold prices [1][3]

Group 1: Macroeconomic Developments - The Chinese Ministry of Commerce's delegation, led by Li Chenggang, visited Canada from August 24 to 27 to co-chair the 28th China-Canada Economic and Trade Joint Committee, aiming to enhance bilateral economic relations [1] - The EU Commission proposed two legislative measures to implement the joint statement on tariffs with the US, which includes the reduction of tariffs on EU automotive products and the elimination of certain tariffs on US industrial goods [2] Group 2: Market Insights - Non-farm employment data has contradicted the Federal Reserve's assertion of a strong job market, significantly increasing expectations for a rate cut in September [2] - The market is currently betting on a 25 basis point rate cut in September, despite the core CPI reaching a new high since February, which has reduced the probability of a 50 basis point cut [2] - Factors such as a likely rate cut cycle by the Federal Reserve, easing global trade tensions, and continued central bank gold purchases are expected to support gold prices [2] - The dismissal of Federal Reserve Governor Cook by Trump has raised concerns about the Fed's independence, contributing to increased investor risk aversion and supporting gold price increases [2]