Group 1 - Gold prices experienced fluctuations after reaching a high, influenced by the disappointing U.S. August PPI data, which supported expectations for interest rate cuts [1] - As of the close, COMEX gold futures fell by 0.05% to $3680.4 per ounce, while the China Gold ETF (518850) decreased by 0.15% and the Gold Stock ETF (159562) dropped by 1.21% [1] - The U.S. Bureau of Labor Statistics reported that the August PPI rose by 2.6% year-on-year, below the expected 3.3%, and decreased by 0.1% month-on-month, contrary to the expected increase of 0.3% [1] Group 2 - The core PPI for August increased by 2.8% year-on-year, also below the expected 3.5%, and showed a month-on-month decline of 0.1% [1] - The disappointing PPI data led the market to lean towards more optimistic expectations for interest rate cuts, with a stronger anticipation for a 50 basis points cut by the Federal Reserve in September [1] - Global long-term interest rates have risen collectively, increasing risk aversion in the market, which has prompted a breakout in the precious metals market, suggesting a new upward trend [1]