Group 1: International Precious Metals Market - The international gold market experienced significant volatility, with gold prices closing at $3397.13 per ounce, a slight increase of $1.50 (0.04%) from the previous day, driven by expectations of potential interest rate cuts by the Federal Reserve and global economic uncertainties [1] - International silver prices also saw a modest rise to $38.30 per ounce, up $0.06 (0.16%), reflecting an overall increase in market risk appetite [1] - In contrast, the international platinum and palladium markets showed a notable downward trend, with platinum prices falling by $13.52 (1.00%) to $1340.68 per ounce, and palladium prices plummeting by $34.30 (2.93%) to $1136.80 per ounce, indicating skepticism about the investment value of these metals [2] Group 2: Domestic Gold Market - The domestic gold market in China mirrored the international price increase, with domestic gold prices at 783.5 yuan per gram, while brand premiums and market segmentation led to significant price variations among different brands [3] - Major jewelry brands such as Chow Tai Fook and Luk Fook priced their gold at 1020 yuan per gram, significantly higher than the basic gold price, highlighting the impact of brand influence and product value [3] - Price discrepancies were also observed in gold bars sold by banks and jewelry stores, with prices ranging from 798.94 yuan per gram for ICBC's gold bars to 899 yuan per gram for Chow Tai Fook's investment gold bars [3] Group 3: Underlying Factors for Gold Price Surge - The recent rise in gold prices is attributed to multiple macroeconomic factors and geopolitical risks, including expectations of interest rate cuts by the Federal Reserve in response to slowing economic growth and inflationary pressures [5][6] - Heightened geopolitical risks and increased global economic uncertainty have led investors to view gold as a safe-haven asset, thereby boosting demand [6] - Central banks worldwide have shifted from being net sellers to net buyers of gold since 2009, altering the supply-demand dynamics in the international gold market and supporting price increases [6] Group 4: Conclusion - The price fluctuations in the gold market on August 10, 2025, reflect a complex interplay of macroeconomic conditions and market sentiment, driven by heightened risk aversion, potential monetary policy adjustments by the Federal Reserve, and geopolitical uncertainties [8] - The variations in prices among different market participants, brands, and product types serve as a reminder for investors to conduct careful analysis and make rational investment decisions [8]