Core Points - International spot gold prices reached a historical record for five consecutive days last week, marking the ninth consecutive weekly increase, a rare occurrence since 1970 [1] - The price opened at $4013.02 per ounce, peaked at $4379.52, and closed at $4247.02, reflecting a weekly increase of $236.59 or 5.9% [1] - The upcoming week will focus on the September CPI data, which is expected to influence market expectations regarding potential interest rate cuts by the Federal Reserve [2] Group 1: Economic and Market Conditions - The U.S. government shutdown continues, impacting economic data releases and increasing expectations for rate cuts by the Federal Reserve [2][3] - Federal Reserve officials have indicated support for further rate cuts, with expectations of at least a 50 basis point reduction by the end of the year [2] - The KBW regional bank index fell by 3.6%, with major banks losing over $100 billion in market value due to concerns over loan fraud incidents [3] Group 2: Geopolitical and Regulatory Factors - President Trump signed an executive order imposing new tariffs on imported trucks and parts, while also indicating potential tariff relief for the automotive industry [3] - Positive geopolitical developments, such as the announcement of a ceasefire in Gaza and discussions to end the Russia-Ukraine conflict, may reduce demand for gold [5] Group 3: Technical Analysis and Market Sentiment - The rapid increase in gold prices since August has led to technical overbought conditions, suggesting a potential price correction [6] - Historical data indicates that gold has never experienced ten consecutive weeks of price increases, implying a likelihood of a downturn following the current nine-week rally [6] - Short-term resistance levels for gold are identified between $4280-$4300 per ounce, with key support levels at $4180-$4150 [6] Group 4: Investment Recommendations - Financial institutions are advising investors to manage risk and adjust their gold investment strategies in light of increased market volatility [4][5] - The Shanghai Gold Exchange has raised margin requirements for gold and silver futures to enhance risk control measures [4]