Core Insights - The U.S. personal consumption expenditure (PCE) price index rose by 2.7% year-on-year in August, slightly higher than the 2.6% increase in July [1] - The core PCE price index, excluding volatile food and energy prices, also increased by 2.9% year-on-year in August, remaining unchanged from the previous month [1] - Both the overall and core PCE price indices are significantly above the Federal Reserve's long-term inflation target of 2%, posing challenges for future monetary policy adjustments [1] Economic Impact - The increase in the PCE price index and core PCE price index indicates rising inflationary pressures, which may influence the Federal Reserve's decision-making regarding interest rates and monetary policy [1] - The U.S. government's tariff policies have contributed to higher domestic prices, increasing the economic burden on ordinary consumers [1] - The PCE price index is a key inflation indicator closely monitored by the Federal Reserve, serving as a critical reference for monetary policy formulation [1]

Core Insights - The cryptocurrency market experienced a significant decline, with a total market value loss of approximately $300 billion this week due to a wave of leveraged bets collapsing [1] - Major tokens in the sector were heavily impacted, leading to the weakest market sentiment since early summer [1] - Over $3 billion in long positions were liquidated across exchanges, exacerbating the downward trend [1] Market Dynamics - The forced liquidation of bullish positions in the perpetual futures market contributed to the rapid decline [1] - There is a lack of transparency regarding the true scale of current market leverage, as many trading platforms have not disclosed complete liquidation data [1] Economic Indicators - A report indicated that key inflation indicators showed a slowdown in growth last month, providing some buffer for the Federal Reserve in addressing labor market cooling [1] - This improvement in overall risk sentiment led to a slight rebound in the prices of Bitcoin and Ethereum [1] Expert Commentary - A senior director at market-making firm Wincent described the current pullback as a "healthy correction" [1] - Despite Bitcoin's price falling below the 100-day moving average and the total market cap of digital assets dropping below $400 billion, there are no signs of panic in the market [1] - However, there are warnings that short-term pressures may continue to drive prices lower, especially given the tighter correlation between digital asset prices and macro market sentiment compared to earlier this year [1]

Core Viewpoint - The recent data from the US indicates that the Federal Reserve's preferred inflation measure remains above the target, posing challenges for its decision-making amid a weakening labor market [1] Economic Indicators - In August, consumer prices increased by 0.3% month-on-month, leading to a year-on-year PCE inflation rate of 2.7%, up from 2.6% in the previous month [1] - The core inflation measure remains steady at 2.9%, suggesting persistent inflationary pressures [1] Consumer Spending - Consumer spending, a key pillar of the economy, showed resilience in August with a growth rate of 0.6%, surpassing July's growth of 0.5% [1]

Group 1 - International gold prices experienced a moderate pullback on September 24, with the most actively traded December 2025 gold futures closing at $3,768.5 per ounce, down $28.4, a decline of 0.75% [1] - The cautious sentiment in the market was influenced by comments from Federal Reserve Chairman Jerome Powell, who emphasized the need to balance persistent inflation with the risks of a slowing job market, providing no new insights into future monetary policy [1] - The upcoming release of the U.S. Personal Consumption Expenditures (PCE) price index also contributed to the cautious market sentiment, putting pressure on short-term gold prices [1] Group 2 - The U.S. dollar index rose by 0.63% on the same day, closing at 97.873, which limited further increases in gold prices [1] - Despite heightened risk aversion due to geopolitical tensions, particularly regarding the Russia-Ukraine conflict, there was a reaffirmation from both U.S. and Russian leaders to seek a peaceful resolution to the crisis [1] - Analysts noted that while short-term market sentiment is cautious, gold remains attractive as a safe-haven asset during periods of political and economic uncertainty, especially as the Federal Reserve shifts towards a more accommodative policy [2]

Group 1: Gold Market Overview - Spot gold reached a record high of $3,790.97 per ounce on Tuesday, closing at $3,763.93, with an increase of 0.46% [1] - The strong momentum in the gold market is driven by ongoing expectations of interest rate cuts from the Federal Reserve and escalating geopolitical tensions, which have heightened investor demand for safe-haven assets [1] - Market sentiment remains bullish despite cautious remarks from Federal Reserve Chairman Jerome Powell regarding the economic outlook, with the focus shifting to the upcoming U.S. Personal Consumption Expenditures (PCE) price index [1] Group 2: Technical Analysis of Gold - The current strategy for trading gold is to maintain a bullish outlook without chasing prices, focusing on buying on dips rather than predicting market tops [2] - After reaching a peak of $3,791, gold experienced a significant pullback to a low of $3,752, indicating a potential high-level consolidation rather than a trend reversal [2] - Key support levels are identified at $3,715, and as long as this level holds, a strong shift in trend is unlikely [2][4] Group 3: Silver Market Overview - Spot silver rose to $44.4 before undergoing a correction, with current lows around $44, suggesting a potential buying opportunity on dips [5] - Support for silver is noted at approximately $43.5, with resistance levels identified in the $44.8 to $45 range [5] - Similar to gold, silver trading strategies recommend waiting for price corrections before entering long positions, with a cautionary note regarding potential volatility leading up to the National Day holiday [5]

Group 1 - The dollar index experienced slight downward pressure after a previous rise due to strong economic data and rising U.S. Treasury yields, with market participants focusing on key events such as Fed Chair Powell's speech and the upcoming core PCE index release [1] - The Federal Reserve's recent interest rate cut did not open the door for a broader easing cycle, as internal cautious voices emerged, indicating limited space for further rate cuts due to ongoing concerns about inflation risks and a still accommodative financial environment [3] - The U.S. Treasury market remained stable, with minor yield changes, as the market awaited clearer data signals, with predictions suggesting that the core PCE data may be weaker than previously feared, potentially providing the Fed with more reasons to remain on hold [4] Group 2 - From a technical analysis perspective, the dollar index is at a sensitive point, showing signs of a bearish reversal pattern as it tests a key resistance level, which could lead to a downward adjustment if confirmed [5] - The recent dollar pullback provided a brief respite for other major currencies, such as the British pound, which saw a slight increase; however, the pound's rebound is constrained by significant domestic fiscal challenges and market pessimism regarding upcoming PMI data [7] - The dollar index is likely to enter a consolidation phase in the short term, with its next directional choice heavily influenced by the upcoming PCE data and Powell's speech, as the market navigates a tug-of-war between economic data and central bank policy expectations [8]

Group 1: Market Performance - The US stock market indices reached new highs, with the Nasdaq up by 0.23% and the S&P 500 slightly rising [1] - Oracle's stock price increased by 3% following the announcement of co-CEOs, indicating a focus on expanding its cloud computing business [1] - Apple's stock surged nearly 4% due to alleviated tariff concerns and strong demand for its latest iPhone models [3] Group 2: Company Financials - Oracle's stock had a market capitalization of approximately $905.8 billion, with a P/E ratio of 72.81 and a dividend yield of 0.57% [2] - Apple's stock had a market capitalization of around $3.8 trillion, with a P/E ratio of 38.28 and a dividend yield of 0.42% [5] Group 3: Analyst Insights - Morgan Stanley upgraded ASML's rating to "overweight," citing multiple growth opportunities leading up to 2027 [7] - Analysts noted that the demand for new products from Apple exceeded expectations, contributing to increased buying pressure and stock price support [3]

Group 1 - The price of gold reached a historical high on September 22, with various gold shops pricing gold jewelry at 1090 yuan per gram, while the lowest price was 1045 yuan per gram [1][5] - The investment gold bar price ranged from 852 to 869 yuan per gram, and silver was priced at 9.98 yuan per gram [1][6] - The spot gold market showed strong performance, closing up by 40.26 dollars, a rise of 1.1%, ending at 3684.40 dollars per ounce [1][2] Group 2 - The market is closely watching the upcoming release of the core Personal Consumption Expenditures (PCE) price index, which is a key inflation indicator [1][2] - A series of important economic data is expected this week, including the September Purchasing Managers' Index (PMI), new home sales, durable goods orders, and the final report of the second quarter GDP [1][2] - Gold prices have surged nearly 40% this year, marking the strongest annual increase since the late 1970s [2] Group 3 - Current domestic gold prices are at 840 yuan per gram, while international gold prices are at 3717 dollars per ounce [3] - The international prices for platinum, palladium, and silver are 1429 dollars per ounce, 1181 dollars per ounce, and 43.63 dollars per ounce, respectively [3] Group 4 - Various gold shops in Hong Kong reported gold prices at 40880 HKD per tael, with all major brands showing an increase [8] Group 5 - The gold recycling price today is 827 yuan per gram, with platinum at 303 yuan per gram, palladium at 249 yuan per gram, and silver at 9.13 yuan per gram [7]

Group 1 - International silver is currently trading above $42.68, with a recent price of $42.74, reflecting a 0.14% increase, and has seen a high of $42.77 and a low of $42.32 during the day [1] - The international silver market is showing a short-term oscillating trend, with potential upward movement towards $43.2 if the trend continues [4] - Key support levels for silver are identified at $42.40 and $42.20, while resistance levels are at $43.00 and $43.30 [4] Group 2 - The U.S. Bureau of Labor Statistics (BLS) is recruiting price data collectors for a critical inflation indicator, the Consumer Price Index (CPI), due to personnel shortages [3] - The BLS has posted 25 part-time economic assistant positions across major cities, which are essential for gathering price information from local businesses [3] - If these positions are filled quickly, the proportion of estimated prices in the CPI may significantly decrease in the coming months, reducing the error range of current estimates [3]

Core Viewpoint - Brazil's financial market has revised its economic growth forecast for 2025 down to 2.16%, a decrease from the previous prediction of 2.19% made just a week earlier [1] Economic Growth Forecast - The financial market anticipates Brazil's economic growth to be 1.85% in 2026 and 1.88% in 2027 [1] Inflation Expectations - The Broad Consumer Price Index (IPCA), which is Brazil's official inflation indicator, remains unchanged at a forecast of 4.85%, ending a streak of 14 consecutive weeks of declining predictions [1]