Core Viewpoint - Spot gold prices have reached a historic high, surpassing $3800 per ounce, driven by expectations of further interest rate cuts by the Federal Reserve and a weakening dollar [1][3][6]. Price Movements - As of September 29, spot gold was reported at $3807.319 per ounce, marking a daily increase of 1.29% [1]. - Gold prices have surged over 45% year-to-date, breaking through key resistance levels of $3770, $3780, and $3790 before reaching $3800 [3]. - New York futures gold also hit a record high, trading at $3833.9 per ounce, with a daily increase of 0.65% [5]. Market Sentiment - Market sentiment is bolstered by an 89.3% probability of a Federal Reserve rate cut in October and a 66.6% chance in December, according to CME FedWatch data [7][10]. - Recent U.S. economic data showed inflation indicators aligning with expectations, reinforcing market anticipation for further monetary easing by the Fed [10]. Technical Analysis - Analysts note that while the bullish trend for gold remains intact, the relative strength index (RSI) indicates an overbought condition, suggesting potential for technical consolidation or a short-term pullback before a new upward movement [11]. Related Market Movements - The A-share precious metals sector saw significant gains, with an overall increase of over 4%, driven by stocks such as Shengda Resources and Zhaojin Mining, which rose by 9.99% and 9.04% respectively [12][13].

Core Viewpoint - Gold prices have risen in early Asian trading as market expectations for a Federal Reserve interest rate cut have increased, enhancing the appeal of non-yielding precious metals [1] Economic Indicators - Recent U.S. economic data shows that the preferred inflation gauge of the Federal Reserve, the PCE price index, rose from 2.6% to 2.7% year-on-year in August, while the core index remained stable at 2.9% [1] - Sukdun Financial Research Team commented that these data depict a trend of stabilizing inflation, reinforcing market expectations for further easing of monetary policy by the Federal Reserve [1]