Group 1 - The market is increasingly betting on a rate cut by the Federal Reserve in September, which is driving funds towards non-yielding gold [1][3] - Uncertainties surrounding U.S. tariffs and escalating geopolitical tensions are supporting safe-haven gold [1][3] - Despite a mild rebound in the dollar, these supportive factors for gold have largely offset any negative impacts [3] Group 2 - Gold prices have continued to rise for six consecutive days, reaching a historical high and breaking the psychological barrier of $3,500 per ounce [1] - Short-term charts indicate an extremely overbought condition, suggesting that gold bulls should exercise caution before further positioning for an increase [3] - Important U.S. macroeconomic data, including the non-farm payroll report, is set to be released this week, leading investors to potentially adopt a wait-and-see approach [3]

Core Viewpoint - The interest in gold remains strong amid rising bets on a Federal Reserve rate cut in September, supported by uncertainties surrounding U.S. tariffs, concerns over the Fed's independence, and geopolitical tensions [1] Group 1: Market Dynamics - Gold prices have continued to rise for six consecutive days, reaching a historic high and surpassing the psychological barrier of $3,500 per ounce [1] - The expectation of a Federal Reserve rate cut this month is a key factor driving funds towards non-yielding gold [1] - The uncertainties related to U.S. tariffs and escalating geopolitical tensions are additional factors supporting safe-haven gold [1] Group 2: Economic Indicators - The slight rebound of the U.S. dollar has had minimal impact on the upward momentum of gold prices [1] - Short-term charts indicate an extremely overbought condition, suggesting that gold bulls should exercise caution before further positioning for an increase [1] - Upcoming releases of significant U.S. macroeconomic data, including the non-farm payroll report, may lead investors to adopt a wait-and-see approach [1]