Market Overview - The Hong Kong stock market opened lower, with the Hang Seng Index down 0.5% and the Hang Seng Tech Index down 1.1% [1] - As of the latest update, the Hang Seng Index decreased by 0.24% to 27,077.10, while the Hang Seng Tech Index fell by 1% to 6,556.51 [2] Sector Performance - The technology sector showed weakness, with major companies like Trip.com Group down over 11%, Bilibili down over 5%, and Alibaba and SMIC down over 2% [5] - The precious metals sector experienced significant gains, with China Silver Group rising over 26% and other companies like Zijin Mining and Shandong Gold also showing strong performance [9][10] Individual Stock Movements - Trip.com Group's stock price fell to 562.50, down 12.00 or 2.09% [7] - Alibaba's stock price decreased to 181.30, down 3.80 or 2.05% [6] - The automotive sector also faced declines, with companies like Xpeng Motors and Li Auto dropping around 2-4% [8] Gold Market Insights - Spot gold prices opened higher, reaching $3,920 per ounce, marking a 0.87% increase and setting a new historical high [10] - Analysts from OCBC Bank noted that strong retail investment demand and concerns over de-dollarization are driving gold prices, with expectations of surpassing $4,000 per ounce by 2026 [11] Cryptocurrency Sector - Cryptocurrency-related stocks saw an uptick, with OKLink rising over 9% and other companies like Xunlei and Yunfeng Financial also experiencing gains [12]

格隆汇10月6日｜华侨银行环球经济与市场研究主管Heng Koon How表示，随着全球零售投资需求持续 升温，黄金的涨势毫无放缓迹象。自技术性突破每盎司3500美元后，黄金在过去一个月持续上行。他指 出，由去美元化担忧推动的强劲避险资金流入，正支撑着黄金ETF、期货及相关投资产品的需求。黄金 的所有关键长期利好因素——尤其是美元进一步走弱以及各国央行持续增加配置——依然稳固存在。叠 加零售投资兴趣激增，华侨银行因此进一步上调黄金价格预期，预计到2026年将突破每盎司4000美元。 ...

Group 1: Gold Market Analysis - Gold prices have continued to rise, breaking the psychological barrier of $3500, reaching a historical high due to increased expectations of a 25 basis point rate cut by the Federal Reserve in September, with a probability of 89% according to CME FedWatch [1] - Concerns over the independence of the Federal Reserve following the dismissal of board member Lisa Cook have intensified safe-haven buying, alongside uncertainties in U.S. tariff policies and escalating geopolitical tensions in Ukraine and the Middle East [1] - The overall trend for gold remains bullish, although short-term consolidation may occur, with key data releases such as the ISM Manufacturing PMI and non-farm payrolls to influence future price direction [1] Group 2: Technical Analysis of Gold - After breaking the historical high, gold may face a correction, but the overall trend remains bullish, with potential targets of $3550 to $3580 if it surpasses the $3510 resistance level [2] - Key support is identified at $3465; as long as this level holds, the bullish trend is intact, but a drop below this could signal a short-term adjustment [2] - The MACD indicator shows a bullish trend, and the RSI is approaching overbought territory, suggesting a possible short-term pullback [4] Group 3: Oil Market Analysis - International oil prices have rebounded, with Brent crude reaching $68.35 and WTI at $64.82, influenced by supply concerns due to the ongoing Ukraine conflict, which has reportedly halted approximately 1.1 million barrels per day of Russian refining capacity [5] - The market is currently balancing between supply concerns and trade friction pressures, with the direction of prices heavily reliant on signals from OPEC+ meetings [5] - The overall trend for oil appears to be downward in the medium term, despite short-term upward movements, as indicated by the MACD and price action [6] Group 4: Technical Analysis of Oil - Oil prices are showing signs of upward movement after a period of consolidation, with short-term resistance at $67.0 to $68.0 and support at $64.0 to $63.0 [6] - The MACD indicator suggests that bullish momentum is gaining strength, indicating a higher probability of continued upward movement in the short term [6]

Core Viewpoint - Gold prices have significantly increased, reaching approximately 1040 CNY per gram, driven by expectations of a 25 basis point rate cut by the Federal Reserve and heightened demand for safe-haven assets due to geopolitical uncertainties [2][3]. Group 1: Gold Price Trends - On September 2, 2025, gold retail prices surged, with the highest price from Chow Sang Sang at 1041 CNY per gram and the lowest from China Gold at 819 CNY per gram [2]. - Investment gold bars are priced between 817.20 and 820.50 CNY per gram, while silver is priced at 9.29 CNY per gram [2]. - The current domestic gold price is around 800 CNY per gram, while the international gold price stands at 3474 USD per ounce [4]. Group 2: Market Influences - The market anticipates an 89% probability of a rate cut by the Federal Reserve, which is a significant factor driving gold inflows [2]. - Concerns over the independence of the Federal Reserve following the dismissal of board member Lisa Cook have intensified safe-haven buying [2]. - Ongoing uncertainties regarding U.S. tariff policies and escalating geopolitical tensions, including the Russia-Ukraine conflict and Middle East issues, are providing additional support for gold prices [2]. Group 3: Brand-Specific Gold Prices - Major gold retailers have reported price increases, with the following prices per gram: Lao Miao at 1034 CNY, Liufuk at 1037 CNY, and Chow Tai Fook at 1037 CNY [5][6]. - Other notable prices include Lao Feng Xiang at 1036 CNY and China Gold at 803 CNY [6]. Group 4: Precious Metal Recovery Prices - The current recovery prices for precious metals are as follows: gold at 791 CNY per gram, platinum at 304 CNY per gram, palladium at 248 CNY per gram, and silver at 8.66 CNY per gram [7]. Group 5: Hong Kong Gold Prices - In Hong Kong, the gold price is reported at 32,311 HKD per tael, with major brands like Chow Tai Fook and Liufuk pricing their gold jewelry at 38,730 HKD per tael [8].

Group 1: Gold Market Analysis - Gold prices continued to show strength, approaching the psychological level of $3500, marking a historical high due to increased expectations of a 25 basis point rate cut by the Federal Reserve in September, with a probability of 89% according to CME FedWatch [1] - Concerns over the independence of the Federal Reserve following the dismissal of board member Lisa Cook, along with uncertainties in U.S. tariff policies and escalating geopolitical tensions, have bolstered safe-haven buying in gold [1] - The overall trend for gold remains bullish, although short-term consolidation may occur, with key data releases such as the ISM manufacturing PMI and non-farm payrolls to influence future price direction [1] Group 2: Technical Analysis of Gold - Gold has broken through historical highs, but a potential adjustment may be on the horizon; however, the overall trend remains bullish [2] - Key resistance levels are identified at $3510, with a target range of $3530 to $3550 if the price breaks above [2] - Support levels to watch include $3465; as long as gold remains above this level, the bullish trend is intact [2][4] Group 3: Oil Market Analysis - International oil prices rebounded, with Brent crude rising to $68.35 and WTI to $64.82, influenced by supply concerns due to the ongoing Ukraine conflict, which has reportedly led to a loss of approximately 1.1 million barrels per day in Russian refining capacity [5] - The market is currently characterized by a balance of supply concerns and trade friction pressures, with the outcome of OPEC+ meetings expected to provide further direction [5][6] - Short-term trading strategies suggest focusing on buying on dips while monitoring resistance at $67.0-$68.0 and support at $64.5-$63.5 [6]

Group 1 - Gold prices retreated from a five-week high, hovering around $3410, influenced by a weaker dollar and concerns over the independence of the Federal Reserve, leading to increased safe-haven inflows [1] - The U.S. second-quarter GDP annualized growth rate was revised to 3.3%, exceeding market expectations of 3.1% and the previous value of 3.0% [3] - Initial jobless claims in the U.S. decreased by 5,000 to 229,000, but weak employment growth may push the August unemployment rate up to 4.3% [3] Group 2 - The largest gold ETF, SPDR Gold Trust, increased its holdings by 5.44 tons, bringing the total to 967.94 tons [4] - Technical analysis indicates that gold prices have shown a clear upward trend since stabilizing around $3320 in mid-August, with the K-line above the 20-day moving average [6] - The MACD indicator shows expanding bullish momentum, while the RSI is around 65, suggesting that gold still has upward potential [6]

Core Viewpoint - The article discusses the recent trends in gold and oil prices, highlighting the factors influencing these markets, particularly the weakening US dollar and expectations of interest rate cuts by the Federal Reserve [1][2]. Group 1: Gold Market Analysis - As of August 29, the spot gold price slightly retreated to around $3410.37 per ounce after reaching a five-week high of $3423.02 on August 28, driven by a weakening dollar [1]. - The dollar index fell by 0.3% to 97.85, marking its third consecutive day of decline, which made gold cheaper for international buyers and stimulated demand [1][2]. - Concerns over the independence of the Federal Reserve and the influx of safe-haven funds have contributed to the rise in gold prices, with the market anticipating a 25 basis point rate cut in September [2][4]. Group 2: Technical Analysis and Trading Strategies - The technical analysis indicates that gold has broken through the significant resistance level of $3400, suggesting potential for further upward movement, although a correction may be expected soon [2][4]. - Short-term trading strategies recommend buying on dips around $3405-3408 and selling on rebounds near $3438-3440, with specific stop-loss levels set to manage risk [4]. - The article emphasizes the importance of monitoring key economic data, such as the Personal Consumption Expenditures (PCE) index, which could influence market sentiment and gold prices [2][4].

Core Viewpoint - Recent international gold prices have experienced a significant decline, with COMEX gold futures dropping nearly 4% over four consecutive trading days from July 23 to July 28 [1][3]. Price Trends - On July 28, the London gold spot price closed at $3,314.18 per ounce, down over $110 per ounce from the high on July 22 [3]. - Domestic gold jewelry prices have also decreased, with major brands seeing prices fall below 1,000 yuan per gram. For instance, Chow Sang Sang's gold price was 994 yuan per gram on July 29, down 35 yuan from the high of 1,029 yuan on July 23 [3][4]. Historical Context - In the first half of 2025, global conflicts heightened, leading to increased demand for gold as a safe haven, with the London gold price rising 24.31% compared to the beginning of the year [6]. - The average gold price for the first half of 2025 was $3,066.59 per ounce, reflecting a 39.21% increase year-on-year [6]. Market Influences - The recent decline in gold prices is attributed to a shift in investor preference for riskier assets, influenced by easing global trade tensions. Notably, a trade agreement between the U.S. and Japan was announced, reducing auto tariffs from 27.5% to 15% [7]. - The U.S. Federal Reserve's monetary policy discussions, particularly regarding interest rates, are also impacting gold prices. Analysts expect the Fed to maintain the federal funds rate target range at 4.25% to 4.50% during the upcoming meeting [8].

Core Viewpoint - Recent international gold prices have experienced a significant decline, with COMEX gold futures dropping nearly 4% over four consecutive trading days from July 23 to July 28 [1] Price Trends - The spot gold price in London fell to $3,314.18 per ounce on June 28, down over $110 per ounce from the high on July 22 [3] - Major domestic gold jewelry brands have seen their prices drop below 1,000 yuan per gram, with notable decreases: Chow Sang Sang at 994 yuan per gram (down 35 yuan from July 23), Lao Miao at 995 yuan per gram (down 28 yuan), and Chow Tai Fook at 998 yuan per gram (down 25 yuan) [3][6][7] Market Context - In the first half of 2025, global conflicts increased, leading to a rise in gold prices due to heightened risk aversion, with the London spot gold price at $3,287.45 per ounce at the end of June, up 24.31% from the beginning of the year [6] - Recent declines in gold prices are attributed to reduced demand for safe-haven assets, influenced by easing global trade tensions, as indicated by upcoming US-China trade talks [7] - The announcement of a trade agreement between the US and Japan, along with potential trade solutions between the US and the EU, has further contributed to the decline in gold prices [8]

Core Viewpoint - Recent international gold prices have experienced a significant decline, with COMEX gold futures dropping nearly 4% over four consecutive trading days from July 23 to July 28, 2025 [2][5] Price Trends - As of June 28, the London gold spot price closed at $3,314.18 per ounce, down over $110 per ounce from the high on July 22 [2] - Domestic gold jewelry prices have also decreased, with major brands reporting prices below 1,000 yuan per gram. For instance, Chow Sang Sang's price was 994 yuan per gram on July 29, down 35 yuan from the high of 1,029 yuan on July 23 [2][3] - Lao Miao's gold price was 995 yuan per gram on July 29, down 28 yuan over six days, while Chow Tai Fook's price was 998 yuan per gram, down 25 yuan [2][4] Market Influences - The decline in gold prices is attributed to a shift in investor preference for riskier assets, influenced by easing global trade tensions. Notably, a trade agreement between the U.S. and Japan was announced, reducing auto tariffs from 27.5% to 15% [5] - The market anticipates that the Federal Reserve will maintain the federal funds rate target range at 4.25% to 4.50% during its upcoming meeting, which may lead to mixed reactions from President Trump regarding monetary policy [5] Analyst Insights - Market analysts suggest that while gold may experience short-term declines due to shifting buying interest towards silver and copper, the fundamental reasons for gold's strength as a safe haven against global uncertainties remain unchanged [6]