Core Viewpoint - Recent expectations of interest rate cuts by the Federal Reserve have significantly boosted international gold prices, with London spot gold reaching a historic high of $3,703.13 per ounce on September 16 [1] Summary by Relevant Categories Market Performance - On September 16, London spot gold prices surpassed the $3,700 per ounce mark for the first time, achieving a peak of $3,703.13 per ounce, marking a historical high [1] Economic Factors - The anticipated interest rate cuts by the Federal Reserve are seen as a major driver for the gold market, with industry experts suggesting that a series of rate cuts within the year is highly probable [1] - The ongoing "rate cut cycle" is identified as a core trading logic for gold, leading to expectations that gold prices are likely to rise while facing challenges in declining [1] Long-term Outlook - Factors supporting the long-term upward trend in gold prices include global geopolitical tensions, high U.S. debt levels, continuous gold purchases by central banks, and the Federal Reserve's rate cut cycle [1] - Industry professionals believe that despite potential short-term volatility, the long-term positive trend for gold remains intact [1]

Group 1 - The geopolitical tension index has reached its highest level in nearly a decade, reflecting increasing divisions on key issues such as the independence of the Federal Reserve, the transatlantic alliance, and security in Latin America [1][17] - The U.S. Senate narrowly confirmed Stephen Milan as a Federal Reserve Governor, highlighting significant partisan divides over monetary policy and economic governance [2][5] - The U.S. military has escalated its operations in Latin America, sinking three vessels linked to Venezuela, which has raised concerns about regional security and U.S.-Latin American relations [8][10][12] Group 2 - The U.S.-UK relationship is showing structural tensions, particularly regarding tariffs, trade, and security cooperation, as evidenced by protests during a recent state visit by the U.S. President [4][7] - NATO has increased troop deployments in Eastern Europe by 12% in response to ongoing tensions with Russia, indicating a heightened focus on collective defense capabilities [15][19] - The ongoing stalemate in the Russia-Ukraine conflict continues to create uncertainty in European security, with calls for dialogue to prevent escalation into a global crisis [13][19]