Report Industry Investment Rating - No relevant information provided Core View - The medium to long - term trend of precious metals may be bullish. In the short - term, the weekly lines of London gold and silver continue to close with positive candles, indicating that the strong pattern is expected to continue. However, short - term profit - taking pressure after the interest rate cut expectation materializes should be guarded against. For London gold, the support levels are 3650 and 3600, and the resistance levels are 3700 and 3800. For London silver, the support levels are 42.3 and 41.5, and the upper target is moved up to the 44 - 45 area. The trading strategy is to buy on dips, and those who already hold long positions should hold them cautiously [4] Summary by Related Catalogs Market Review - On Tuesday, precious metal prices maintained a volatile and bullish pattern, with gold hitting a new high, reaching 3700 during the session, due to a sharp decline in the US dollar index and a fall in US Treasury yields. European and American stocks generally declined, and the VIX index rose. The COMEX gold 2512 contract closed at $3727.5 per ounce, up 0.23%; the US silver 2512 contract closed at $42.88 per ounce, down 0.19%. The SHFE gold 2510 main contract closed at 842.08 yuan per gram, up 1.14%; the SHFE silver 2510 contract closed at 10108 yuan per kilogram, up 0.8%. US retail sales in August increased by 0.6% month - on - month, exceeding expectations for three consecutive months, and real retail sales increased for 11 consecutive months, causing a slight adjustment in precious metals [2] Interest Rate Cut Expectations and Fund Holdings - The expectation of an interest rate cut within the year has slightly increased. Traders expect the Fed to cut interest rates three times this year, and a 25 - basis - point cut in September is highly likely. According to CME's "FedWatch" data, the probability of the Fed keeping interest rates unchanged in September is 0%, the probability of a 25 - basis - point cut is 96.1%, and the probability of a 50 - basis - point cut is 3.9%. The SPDR Gold ETF's holdings increased by 3.14 tons to 979.95 tons; the iShares Silver ETF's holdings increased by 64.94 tons to 15217.84 tons. The SHFE silver inventory decreased by 12.2 tons to 1231.3 tons, and the SGX silver inventory increased by 4.1 tons to 1252.4 tons in the week ending September 12 [2][3] This Week's Focus - This week's data is generally light. The key events include the Fed FOMC's announcement of the interest rate decision and economic outlook summary at 02:00 on Thursday, and Fed Chairman Powell's press conference on monetary policy at 2:30. The Bank of England will announce its interest rate decision and meeting minutes at 19:00 on Thursday, and the Bank of Japan will announce its interest rate decision on Friday. US President Trump will make a state visit to the UK [3] Price Table - The latest prices and daily changes of SHFE gold and silver main contracts, SGX gold and silver TD, and CME gold and silver main contracts are provided, along with the daily price changes and percentage changes [6] Inventory and Position Table - Information on the latest prices, daily changes, and daily percentage changes of SHFE and CME gold and silver inventories and positions, as well as SPDR gold and SLV silver ETF holdings, is presented [17][19] Stock, Bond, and Commodity Summary - The data of the US dollar index, US dollar - to - RMB exchange rate, Dow Jones Industrial Average, WTI crude oil spot, LmeS copper 03, 10 - year US Treasury yield, 10 - year US real interest rate, and 10 - 2 - year US Treasury yield spread are given, including their latest values, daily changes, and daily percentage changes [24]