来源：市场资讯 QCP 分析指出，本周比特币短暂跌破 9 万美元，受美联储降息预期降温和 ETF 持续流出影响，市场情 绪承压。流动性下降进一步放大下行幅度。美联储主席鲍威尔重申 12 月降息"非板上钉钉"。市场关注 本周劳动力数据与领先指标，以判断比特币回调是短期仓位调整还是更广泛的风险偏好转向。 （来源：吴说） ...

Core Viewpoint - COMEX gold futures prices have reached a historic high of over $3760 per ounce, driven by ongoing commodity inflation trends in the U.S. and a weakening labor market [1] Group 1: Economic Indicators - U.S. commodity inflation continues to rise, while service sector inflation shows signs of easing [1] - The labor market is experiencing a downward trend, which may influence future monetary policy [1] Group 2: Market Predictions - The Federal Reserve's focus on the labor market, as indicated during the August global central bank meeting, suggests that moderate commodity inflation will not alter the pace of interest rate cuts [1] - The combination of rising tariffs contributing to inflation and declining nominal interest rates is expected to benefit precious metals in the near future [1] Group 3: Demand Factors - The recent surge in international gold prices coincides with the upcoming Mid-Autumn Festival and National Day, which is likely to sustain demand for gold jewelry [1]