Core Viewpoint - Gold prices have surged significantly, reaching a historical high, driven by various economic and geopolitical factors [1][4][5][6]. Group 1: Gold Price Movement - On September 15, gold prices rose by 1.5%, peaking at $3600.18 per ounce, marking a new historical high [1]. - Year-to-date, spot gold has increased by $976, representing a 37% rise [1]. Group 2: Economic Indicators - The U.S. non-farm payroll data released on September 5 showed a significant shortfall, with only 22,000 jobs added in August, far below the expected 75,000 [3]. - The unemployment rate for August reached 4.3%, the highest since 2021, which has heightened expectations for a Federal Reserve rate cut [3]. Group 3: Factors Driving Gold Demand - Geopolitical risks have heightened international risk aversion, leading to a consensus in the market to increase gold holdings [4]. - Ongoing global economic conflicts and rising inflation have increased the demand for gold as a hedge against inflation and a means of asset preservation [5]. - The weakening of the dollar's status as a key currency has contributed to instability in the international monetary system, further driving gold prices [6]. Group 4: Market Behavior and Investment Strategies - Reports indicate a strong consumer interest in gold, with significant purchases being made despite high prices, as individuals seek to convert low-interest bank savings into gold [7]. - Investment experts suggest that investors should consider including gold in their asset allocation, recommending a long-term investment strategy with a suggested allocation of 5% to 20% [8]. - Analysts advise maintaining a long-term bullish outlook on gold, viewing any price corrections as opportunities to accumulate [8][9].