再次见证历史！伦敦金现和COMEX黄金期货双双创出新高。9月23日，伦敦金现最高突破3791.08美元/ 盎司，刷新历史新高，日涨幅最高1.21%，月内累计涨幅约8.7%。截至当日18时41分，伦敦金现报 3783.79美元/盎司，涨幅1.01%。COMEX黄金期货价格盘中最高达3824.6美元/盎司，最高涨幅1.31%， 月内累计涨幅约7.6%。截至当日18时41分，COMEX黄金期货报3818.5美元/盎司，涨幅1.15%。 来源：北京商报 中国央行则已连续10个月增持黄金。最新的官方储备资产数据显示，2025年8月末，中国官方黄金储备 为7402万盎司，较上月末增加6万盎司。 世界黄金协会对90多个央行的调查问卷显示，越来越多的央行在未来12个月内增持黄金的意愿非常强 烈。"这也是引发机构疯狂抢金的一个最直接的证据。"王红英分析道。 明明认为，美国长期高通胀与其财政持续扩张的趋势引发了全球央行对美元信用体系的担忧，而在这样 的环境下，黄金成为了全球央行增强自身主权信用和对冲美元信用风险的重要选择。 针对后续走势，王红英表示，从目前来看，技术性修复以后引发的短期资金疯狂的买入，以及货币宽松 和地缘政治和军 ...

Group 1 - The core viewpoint is that there is uncertainty regarding the Federal Reserve's ability to "sustainably lower interest rates" in the future [1] - Current macroeconomic data in the U.S. is performing well, particularly with potential improvements in employment data following personnel changes in relevant statistical departments [1] - The market may be underestimating the inflation risks in the U.S. [1] - Personnel changes within the Federal Reserve could also contribute to uncertainties surrounding interest rate cuts [1]

Trade Negotiations and Market Reactions - The recent US-China trade negotiations in Geneva showed goodwill from both sides, indicating significant progress, which positively impacted market sentiment[5] - Following the announcement, safe-haven assets like gold, yen, and bonds saw price declines, while the Chinese yuan strengthened against other Asian currencies[6] - The Hang Seng Index has largely recovered from tariff impacts, reflecting a shift in investor focus towards more stable sectors[6] Export Data and Economic Indicators - China's overall exports grew by 8.1% in April, significantly exceeding market expectations of around 2%, despite a notable decline in exports to the US[9] - This strong export performance suggests that Chinese companies have prepared well for ongoing trade tensions, with non-US markets showing potential for future growth[9] Inflation and Currency Outlook - The potential trade agreement may lead to adjustments in market pricing of US inflation risks, with overall macroeconomic risks appearing to decrease[9] - The US dollar index may experience mixed performance, as the potential for a trade deal could lead to a decline in dollar asset risks, while emerging market currencies may appreciate[9] Market Trends and Future Focus - The focus remains on the US-China trade negotiations and upcoming US CPI data, with expectations of potential inflationary pressures due to tariffs[10] - Despite high long-term inflation expectations in the US, the overall market risk appetite is not expected to be significantly impacted by inflation data[13]