Core Viewpoint - The recent surge in gold prices, surpassing $3800 per ounce, is driven by a combination of factors including anticipated interest rate cuts by the Federal Reserve, geopolitical tensions, and increased central bank gold purchases [2][4][9]. Group 1: Market Dynamics - Gold futures prices on the New York Commodity Exchange have seen a significant increase, breaking the $3800 per ounce barrier [2]. - In the domestic market, gold bar prices reached 843 RMB per gram, with major brands like Chow Tai Fook and Lao Feng Xiang seeing prices rise to 1098 RMB per gram, reflecting a daily increase of over 10 RMB [2]. - The influx of new capital into the gold market has been identified as a direct driver of the price increase [3]. Group 2: Federal Reserve Influence - The Federal Reserve's decision to lower interest rates is considered a key catalyst for the rising gold prices [4]. - Market expectations suggest that the Federal Reserve may cut rates 1-2 more times this year, which typically inversely affects gold prices [5]. - An analysis report indicates a greater than 60% probability of two additional rate cuts in the fourth quarter, further fueling gold price increases [6]. Group 3: Geopolitical Factors - Ongoing geopolitical conflicts, particularly in the Middle East, have heightened market risk aversion, leading investors to seek safety in gold [7]. - Recent global recognition of Palestine by several countries has escalated tensions, contributing to the demand for gold as a safe-haven asset [7]. Group 4: Central Bank Purchases - The People's Bank of China has increased its gold reserves to 74.02 million ounces (approximately 2302 tons), marking the tenth consecutive month of purchases [9]. - Data indicates that the proportion of gold in global central bank reserves has surpassed that of U.S. Treasury bonds for the first time since 1996, reflecting a strategic shift towards physical assets [9]. Group 5: Future Price Outlook - There are differing opinions on the future trajectory of gold prices. Some analysts believe that the current environment supports a prolonged upward trend, potentially reaching $4000 per ounce [10]. - Concerns about a possible short-term price correction exist, as historical patterns show that gold bull markets often experience pullbacks [10]. - Investors are advised to consider safer investment options such as gold ETFs or physical gold, while being cautious of the risks associated with high leverage products [11].

转自：证券时报 人民财讯9月23日电，现货黄金突破3760.00美元/盎司关口，现报3764.94美元/盎司。 ...

（责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com 格隆汇9月23日｜现货黄金日内涨0.62%，向上触及3770美元/盎司，续刷新高。 ...

9月23日，现货黄金突破3770美元/盎司关口，日内涨0.76%，现报3774.16美元/盎司，再创历史新高。 | ( W | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | 3774.160 | 昨结 3745.845 | | 十字 | 3745.698 | | | +28.315 +0.76% | 总量(kg) 0.00 | | 现手 | | 0 | | 最高价 3775.090 | 持 仓 | | 0 4 | | 0 | | 最低价 3736.455 | 增 仓 | | O 因 | | 0 | | 分时 五日 | EK | 間K | 目K | 田名 | | | 叠加 | | | | 盘口 | | | 3775.090 | | | 0.78% 卖1 | 3774.460 | 0 | | | | | | 21 3774.160 | 0 | | | | | | 16:49 3774.210 | 0 | | | | | | 16:49 3773.955 | 0 | | | | | | 0.00 ...

（责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇9月23日｜纽约期金日内涨0.7%突破3800美元/盎司，续刷历史新高。 ...

Core Viewpoint - The international gold price continues to rise following the Federal Reserve's interest rate cut, with gold prices in RMB reaching new highs, indicating strong market support for gold amid geopolitical tensions and changing monetary policy [1] Group 1: Gold Price Movements - On September 23, the price of gold in RMB reached 1,100 yuan per gram for the first time [1] - The London spot gold price briefly exceeded 3,750 USD per ounce on the same day [1] - The Shanghai Gold Exchange's spot gold price rose above 850 yuan per gram, while the main futures contract on the Shanghai Futures Exchange peaked at 855.6 yuan per gram, both setting new records [1] Group 2: Year-to-Date Performance - Year-to-date, the international spot gold price has increased by nearly 43% [1] - The price of spot gold in RMB has risen over 36% cumulatively this year [1] Group 3: Market Analysis - Analysts suggest that the Federal Reserve's interest rate cut reduces the opportunity cost of holding non-yielding gold and exerts downward pressure on the US dollar index [1] - Ongoing geopolitical conflicts are also contributing to the support for gold prices [1] Group 4: Consumption Trends - In August, the physical gold outflow from the Shanghai Gold Exchange showed a seasonal decline, indicating that high gold prices are starting to suppress physical gold consumption in Asia [1] - Despite global gold ETFs maintaining net inflows, Asian investors reduced their holdings by 4.8 tons, leading to relatively weak gold price performance during Asian trading hours [1]

Core Viewpoint - The article discusses the current surge in gold prices, attributing it to a "perfect storm" of geopolitical uncertainty, inflation concerns, and expectations of interest rate cuts, while noting that key market indicators do not show signs of panic [1][4]. Group 1: Gold Price Performance - Gold prices have continued to rise, reaching a record high for the year with a settlement price of $3,775.10 per ounce, marking the 36th time this year that gold has set a new closing record [3][6]. - Year-to-date, gold prices have increased by approximately 43%, surpassing the inflation-adjusted high from 1980, raising concerns among some investors about the sustainability of this upward trend [6]. Group 2: Market Dynamics - The current macroeconomic environment is described as a "perfect storm" for precious metals like gold, benefiting from inflation, currency devaluation, debt, conflict, and socio-economic anxieties [5]. - Analysts suggest that gold is viewed as an ideal investment for those seeking "disaster insurance" amid rising geopolitical tensions and domestic divisions in the U.S. [5]. Group 3: Technical Analysis - Technical indicators for gold are showing positive signals, with recent price movements driven by healthy market behavior rather than new information, indicating a strong bullish trend [8]. - The market is characterized by a classic breakout pattern, suggesting a high-confidence upward movement in gold prices [8]. Group 4: Bubble Concerns - Key indicators in the options market do not suggest irrational exuberance, indicating that the gold market is not currently in a bubble [9]. - Although there are some signs that could indicate a potential bubble, such as increased media presence and ETF activity, the overall sentiment remains cautious [9].

Core Viewpoint - International gold prices continue to rise, reaching historical highs, with COMEX gold nearing $3,800 per ounce and London gold surpassing $3,750 per ounce [1] Group 1: Gold Price Movement - COMEX gold reached a peak of $3,795.1 per ounce [1] - London gold hit a maximum of $3,759.1 per ounce [1] Group 2: Domestic Jewelry Price Adjustment - Domestic gold jewelry prices have increased, with Chow Tai Fook and Chow Sang Sang raising their prices from 1,085 RMB per gram to 1,098 RMB per gram [1] - Chow Sang Sang's gold jewelry price increased from 1,090 RMB per gram to 1,100 RMB per gram [1]

Group 1 - The international gold price continues to rise, reaching historical highs with COMEX gold nearing $3,800 per ounce, peaking at $3,795.1, and London gold surpassing $3,750, hitting $3,759.1 per ounce [1] Group 2 - As a result of the rising international gold prices, domestic gold jewelry prices have been adjusted upwards, with Chow Tai Fook and Chow Sang Sang increasing their gold jewelry prices from 1,085 RMB per gram to 1,098 RMB per gram [2] - Chow Sheng Sheng has also raised its gold jewelry price from 1,090 RMB per gram to 1,100 RMB per gram [3]

Group 1: Gold Jewelry Price Increase - Domestic gold jewelry prices have risen again, with several brands reporting increases. Chow Sang Sang's gold jewelry price reached 1100 CNY per gram, up 10 CNY; Chow Tai Fook's price is 1098 CNY per gram, up 13 CNY; Lao Feng Xiang's price is also 1098 CNY per gram, up 12 CNY; and Lao Miao's gold jewelry price is 1097 CNY per gram, up 13 CNY [1] Group 2: International Gold Price Surge - As of September 23, international gold prices have increased, with London spot gold surpassing 3750 USD per ounce, peaking at 3759.16 USD per ounce; COMEX gold futures reached above 3790 USD per ounce, with a high of 3795.1 USD per ounce [1] Group 3: Federal Reserve's Interest Rate Commentary - Federal Reserve Governor Milan stated that the current interest rate level is "very restrictive," suggesting an appropriate federal funds rate around 2% to 2.5%, which is nearly two percentage points lower than the current level. The Fed aims to maintain inflation at 2% and plans to adjust policies to a neutral level without panic [3]