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 Federal Reserve maintained interest rates, and Powell's hawkish remarks dampened expectations for rate cuts, leading to a significant drop in gold prices, with COMEX gold futures falling 1.58% to $3327.9 per ounce [1] - The U.S. economy showed resilience with July ADP employment numbers increasing by 104,000, surpassing economists' expectations of 75,000, and Q2 GDP growing at an annualized rate of 3.0%, well above the expected 2.4% [1] - Powell emphasized that the Fed has not made any decisions regarding the September meeting and highlighted the importance of controlling inflation, which led to a sharp decline in the probability of a rate cut from 65% to 45% [1] Group 2 - Despite the short-term pressure on gold prices, market analysts remain cautiously optimistic about the long-term outlook for gold, citing ongoing global economic uncertainty, high U.S. debt levels, and the trend of de-dollarization as key factors [2] - Analysts suggest that while gold prices may face deeper corrections, these conditions could attract buyers when prices reach the lower end of the range, indicating that long-term investors may view pullbacks as buying opportunities [2]

Group 1 - The Federal Reserve maintained interest rates, and Powell's hawkish remarks dampened expectations for rate cuts, leading to a significant drop in gold prices, with COMEX gold futures falling 1.58% to $3327.9 per ounce [1] - The U.S. economy showed resilience with July ADP employment numbers increasing by 104,000, surpassing economists' expectations of 75,000, and Q2 GDP growing at an annualized rate of 3.0%, well above the expected 2.4% [1] - Powell emphasized that the Fed has not made any decisions regarding the September meeting and highlighted the importance of controlling inflation, which led to a sharp decline in the probability of a rate cut from 65% to 45% [1] Group 2 - Despite the short-term pressure on gold prices, market analysts remain cautiously optimistic about the long-term outlook for gold, citing ongoing global economic uncertainty, high U.S. debt levels, and the trend of de-dollarization as key factors [2] - Analysts suggest that while gold prices may face deeper corrections, these conditions could attract buyers when prices reach the lower end of the range, indicating that long-term investors may view pullbacks as buying opportunities [2]