Group 1 - Gold prices experienced fluctuations due to hawkish statements from Powell and a significant increase in new home sales data, closing down 1.24% at $3768.5 per ounce [1] - The U.S. Commerce Department reported that new home sales in August reached an annualized total of 800,000 units, exceeding expectations of 650,000 units, marking a month-over-month increase of 20.5%, the fastest growth since early 2022 [1] - The inventory of new homes for sale dropped to 490,000 units, the lowest level this year, indicating a potential easing of economic concerns in the U.S. [1] Group 2 - Powell's remarks indicated that U.S. stock valuations are "quite high," reiterating the dual challenges of rising inflation and declining employment faced by the Federal Reserve [1] - The market is still processing Powell's hawkish comments, leading to a decline in U.S. Treasury prices and an increase in yields approaching two-week highs [1] - The U.S. dollar index rebounded to a near two-week high, which has put additional pressure on gold prices [1] Group 3 - Upcoming economic indicators to watch include the final GDP figures for Q2 and the PCE data for August, which could influence future interest rate decisions and gold price movements [1]

Core Viewpoint - Gold prices experienced fluctuations due to hawkish comments from Powell and a significant increase in new home sales data, leading to a decline in gold futures by 1.24% to $3768.5 per ounce [1] Economic Data - The U.S. Commerce Department reported that new home sales in August reached an annualized total of 800,000 units, significantly exceeding the expected 650,000 units, marking a month-over-month increase of 20.5%, the fastest growth since early 2022 [1] - The inventory of new homes for sale dropped to 490,000 units, the lowest level this year [1] Market Sentiment - Market concerns regarding the U.S. economy have diminished, contributing to the adjustment in gold prices [1] - Powell's remarks indicated that U.S. stock valuations are "quite high," reiterating the dual challenges of rising inflation and declining employment faced by the Federal Reserve [1] - The market is still processing Powell's hawkish statements, leading to a decline in U.S. Treasury prices and an increase in yields approaching a two-week high [1] Currency and Future Outlook - The U.S. dollar index rebounded to a near two-week high, which has exerted downward pressure on gold prices [1] - Upcoming economic indicators, including the final Q2 GDP and August PCE data, are critical; a downward adjustment in GDP could strengthen expectations for potential interest rate cuts in the future, possibly providing upward momentum for gold prices [1]

Core Viewpoint - The international gold price continues to rise, with a significant increase of approximately 42% this year, driven by central bank gold purchases, changes in Federal Reserve policy expectations, and safe-haven demand [1][2]. Group 1: Market Performance - On September 23, the spot gold opened at $3,745.77, reached a high of $3,791.08, and closed at $3,763.66, marking an increase of $17.82 or 0.48% [1]. - The gold price has shown a strong upward trend, with over 40 days of hitting historical highs, indicating a robust market condition [2]. Group 2: Federal Reserve Influence - Federal Reserve Chairman Jerome Powell indicated that the current interest rate stance remains "slightly tight," while acknowledging challenges in achieving stable inflation and a healthy labor market [1]. - The market maintains expectations for a dovish Federal Reserve despite Powell's cautious tone, reflecting ongoing support for gold prices [1]. Group 3: Technical Analysis - The gold price has accumulated a rise of nearly $500 since its low of $3,311, but the potential for profit-taking adjustments is increasing [2]. - Short-term technical targets are set around $3,780 and $3,800, with support levels identified at approximately $3,750 and $3,735 [2].

Core Viewpoint - Gold prices stabilized around $3,650 following a 25 basis point rate cut by the Federal Reserve, which hinted at further easing in the coming months, but did not meet the dovish expectations of investors [1] Group 1: Market Sentiment - Market sentiment remains bullish but has noticeably cooled, as the Federal Reserve did not provide the dovish guidance needed to push gold prices higher [1] - The prediction of only one rate cut in 2026 exceeded market pricing, leading to increased yields and a stronger dollar [1] Group 2: Future Outlook - A reversal of the current trend is necessary to support gold prices in breaking through the $3,700 level [1] - Weak U.S. economic data could act as a catalyst for this reversal [1]

Group 1 - The international gold market is showing signs of recovery after a recent decline, supported by a weakening US dollar [1] - Despite a temporary rebound, the overall trend for gold prices remains bearish in the short term, with expectations for a long-term bullish outlook [1] - The market anticipates that upcoming economic data from the US, including initial jobless claims and the Philadelphia Fed manufacturing index, may positively influence gold prices [3] Group 2 - Gold prices have encountered resistance and experienced a pullback, but the recent upward trend remains intact, indicating bullish sentiment [3] - Key support levels to watch include the 10-day moving average and the mid-line support, which may present opportunities for bullish entries [3]

Core Viewpoint - The precious metals market, particularly gold, is experiencing significant price increases, reaching historical highs due to various economic factors and geopolitical risks [1] Group 1: Market Performance - As of September 11, gold futures prices have seen a notable rise, attracting over 100 billion yuan in capital, with an increase of more than 17 billion yuan since the beginning of September [1] - The market's positive sentiment towards gold is supported by expectations of interest rate cuts from the Federal Reserve and concerns regarding its independence [1] Group 2: Long-term Outlook - There is a declining confidence in dollar assets among investors, which, along with ongoing geopolitical risks and a trend of global central banks increasing their gold reserves, is likely to further drive up gold prices [1]

Price Stability in Domestic Gold Market - Domestic gold prices remain stable, with slight declines observed in some stores. For instance, Chow Sang Sang's gold price decreased by 1 yuan per gram, now priced at 1073 yuan per gram, which is among the highest in the market [1] - Shanghai China Gold maintains the lowest price at 999 yuan per gram, with the price difference between the highest and lowest stores narrowing to 74 yuan [1] Gold Price Overview - The latest gold prices from various brands are as follows: - Lao Miao Gold: 1071 yuan per gram (down 2) - Chow Tai Fook: 1073 yuan per gram (no change) - Zhou Liufu: 1038 yuan per gram (no change) [1][3] - Platinum prices have seen a decline, with Chow Tai Fook's platinum jewelry dropping by 7 yuan per gram to 554 yuan per gram [4] Gold Recycling Prices - Today's gold recycling prices show a slight decrease of 1.7 yuan per gram. The recycling prices from different brands are as follows: - Cai Bai Gold: 824.30 yuan per gram - Chow Sang Sang: 816.60 yuan per gram - Zhou Dafu: 822.90 yuan per gram - Lao Fengxiang: 831.80 yuan per gram [4] International Gold Market Dynamics - The international gold market experienced fluctuations, with spot gold reaching a historical high of 3673.55 USD per ounce before closing at 3625.04 USD per ounce, reflecting a decline of 0.30% [7] - Recent geopolitical tensions, including an Israeli airstrike in Qatar, have heightened market risk aversion, contributing to gold price increases. However, the situation is deemed manageable, leading to a reduction in risk aversion [7] - The significant downward revision of U.S. non-farm employment data has raised expectations for interest rate cuts, further stimulating gold prices [7]

Group 1 - The core viewpoint is that gold jewelry sales are expected to perform well in 2025 due to a stable gold price and low base effects, despite overall consumption weight remaining low [1][2] - The average gold jewelry consumption weight in China from 2013 to 2023 was 671.6 tons, with a projected decline to 532.0 tons in 2024, representing a year-on-year decrease of 24.7% [2] - For 2025, the forecasted gold jewelry consumption weight ranges from 396.3 to 527.3 tons, which corresponds to a year-on-year decrease of 25.5% to 0.9%, approximately 59.0% to 78.5% of the average consumption weight from 2013 to 2023 [2] Group 2 - The average gold price in 2025 is expected to be around 749.1 yuan per gram, reflecting a year-on-year increase of 34.4% [2] - Despite the decline in consumption weight, the sales revenue for gold jewelry in 2025 is projected to show positive growth, ranging from 0.1% to 33.2% [2] - Companies are focusing on enhancing product value through design and branding, capitalizing on trends towards high-end and lightweight products, and exploring online and overseas business opportunities for growth [1]

Group 1: Market Overview - The investment market has four levels: preserving capital, controlling risk, earning returns, and achieving long-term stable profits [1] - Recent data from the U.S. Commerce Department showed that the PCE price index rose by 0.2% month-on-month in July, with a year-on-year increase of 2.6%, indicating steady consumer spending but rising inflationary pressures [1][2] - The upcoming U.S. non-farm payroll data is expected to show an addition of 75,000 jobs, with the unemployment rate potentially rising to 4.3%, which could influence interest rate expectations and gold prices [2][5] Group 2: Gold Market Analysis - The gold market is currently experiencing a "slow but solid" upward trend, with key support at 3,423 and potential resistance at 3,470-3,480 [4][6] - The technical analysis indicates that gold's upward momentum remains strong, and traders are advised to focus on buying on dips [4][7] - The core PCE inflation data has sparked discussions about the Federal Reserve's monetary policy, which could impact gold prices in the near term [1][2] Group 3: Oil Market Analysis - The international oil market has seen increased volatility, with Brent crude and WTI prices closing at $67.63 and $64.32 per barrel, respectively, influenced by various factors including demand expectations and geopolitical tensions [5][6] - The upcoming OPEC+ meeting is expected to confirm plans to increase production by 547,000 barrels per day, which may further affect oil prices [6][7] - Technical analysis suggests that Brent crude faces key support at $60 per barrel, with potential downside risks if this level is breached [6][7]

Group 1 - The international gold price rebounded strongly after reaching the bullish support level and the 5-day moving average support, driven by market reactions to the Federal Reserve's independence threats and potential interest rate cuts [1][3] - The gold price opened at $3,398.17 per ounce, dipped to a low of $3,384.45, and then rose to a high of $3,422.69, closing at $3,416.65 with a daily fluctuation of $38.24, marking a gain of $18.48 or 0.54% [3] - The market outlook for gold remains bullish, with expectations of further upward movement towards the resistance target of $3,348, despite some short-term pullback [3] Group 2 - The short-term moving averages (5-10 days) are aligned bullishly, indicating strong support from various moving averages below, suggesting a preference for low long positions [3] - The potential for a bearish reversal pattern exists, but the overall trend remains upward as long as the price does not break below key moving average supports [3]