美联储的政策动向无疑是黄金价格波动的核心驱动力。根据CME的FedWatch工具，交易员们认为9月份 降息25个基点的可能性高达85%，这本应利好黄金，因为较低的利率会降低持有黄金的机会成本。 然而，市场对鲍威尔在杰克逊霍尔讲话的预期却充满不确定性。鲍威尔以往在该会议上的表态往往具有 里程碑意义，例如2022年他曾释放出抗击通胀的鹰派立场，如今投资者担心他可能会淡化9月降息的预 期，尤其是考虑到7月生产者物价指数(PPI)高于预期，这在一定程度上打击了降息押注。 瑞银外汇和宏观策略师Vassili Serebriakov表示，如果鲍威尔对9月降息的承诺不够明确，他的讲话可能 令市场预期落空。目前，交易员预计年底前利率将下调约54个基点，比一周前略有减少，这反映出市场 风险的平衡化。 摘要周三（8月20日）亚市早盘，国际黄金维持低位震荡，逼近100日均线附近支撑，最新黄金价格交投 于3316美元附近，市场对俄乌冲突持谨慎乐观态度，继续减弱黄金避险需求，投资者屏息以待的美联储 主席鲍威尔本周晚些时候在杰克逊霍尔的讲话。 周三（8月20日）亚市早盘，国际黄金维持低位震荡，逼近100日均线附近支撑，最新黄金价格交投于 ...

近期，国际黄金价格在纽约商品交易所COMEX期货市场经历剧烈震荡，"过山车"行情把全球投资者都整破防了，#金价暴跌#话题单日阅读量怒破5亿，在这 背后都是满满的焦虑。 其实，从一个历史爱好者的角度来看，现在的金价压根不叫跌，就说最为纷乱的三国吧，黄金曾经一度跌到还没米贵，却变成了魏蜀吴三大实力问鼎天下的 关键。 这些文字直观地告诉我们，1800年前的人们的第一需求是粮食，而非黄金。在生死存亡面前，黄金失去了往日的光芒，价格逐渐变得比粮食还便宜，这也是 历史上第一次黄金在战乱时期失去硬通货的身份。 据《三国志．文昭甄皇后传》云："百姓皆卖金银珠玉宝物"，便是明证。洛中谣云："虽有千黄金，无如我斗粟。斗粟自可饱，千金何所直！"袁绍在冀州 时，满市黄金而无斗粟，饿者相食；刘备在荆州，粟与金同价。 然而，而这些流通出去的黄金，却变成了魏蜀吴三大实力问鼎天下的关键。 战乱中，各方势力通过收集这些被百姓贱卖的黄金，用以购买军备物资、招募士兵、犒赏将士，为逐鹿中原积攒实力。从这个角度看，黄金价值虽在民间跌 落谷底，却在宏观的历史进程中，以另一种方式影响着天下格局的走向。 打开各大投资论坛，满屏都是哀嚎声，反观专业机构却集体 ...

Group 1: Gold Market Dynamics - The recent surge in gold prices has attracted significant public interest, but a recent sharp decline has caused anxiety among investors [1] - Historically, gold has been a stable currency, and fluctuations in its value are normal; past instances of significant drops have occurred, such as during the late Eastern Han period [3][5] - The historical context illustrates that during times of crisis, gold can lose its value significantly, as evidenced by historical accounts where gold was exchanged for basic necessities like food [5] Group 2: Game Development and Features - The game "Three Kingdoms: Looking at the Divine Land" offers a high level of historical accuracy and cultural representation, showcasing traditional Chinese aesthetics through its art style [7] - The immersive storytelling and theatrical presentation enhance the player's experience, making the narrative engaging even for those unfamiliar with the Three Kingdoms [9] - Players can experience the lives of historical figures like Cao Cao and Liu Bei, gaining a new understanding of the Three Kingdoms narrative [11] - Innovative gameplay features allow players to engage in economic development reflective of the Three Kingdoms era, emphasizing the historical value of gold [13] - The battle system incorporates strategic elements, requiring players to utilize terrain and tactics effectively, mirroring historical military strategies [15][17] - The game is currently open for public beta reservations, with incentives for early sign-ups [19] - Overall, "Three Kingdoms: Looking at the Divine Land" successfully combines historical fidelity with diverse and engaging gameplay, making it a noteworthy title for fans of the genre [20]

Group 1 - The core point of the article highlights a significant decline in gold prices, with spot gold dropping over 1% to $3361.250 per ounce and COMEX gold futures falling by 2.17% to $3415.5 per ounce [1] - Domestic brand gold jewelry prices have also seen a slight decrease, with brands like Chow Tai Fook, Luk Fook Jewelry, and others pricing their 24K gold jewelry at 1015 CNY per gram, down by 5 CNY per gram [2] - Prior to this decline, international gold prices had recently experienced a surge, with London spot gold reaching a peak of $3409.04 per ounce on August 8, and COMEX gold hitting an intraday historical high of $3534.1 per ounce [2]

Core Viewpoint - The article discusses the recent fluctuations in gold prices, particularly the drop below $3,380 per ounce, influenced by rumors of new tariffs on gold bars imported into the U.S. and recent economic data indicating a weakening economy [2][6]. Group 1: Gold Price Movements - On August 11, spot gold prices initially rose to $3,400 per ounce before experiencing a decline of over 0.6% [2]. - As of the report, COMEX gold futures fell by 1.34% [3]. Group 2: Tariff Rumors and Market Reactions - Reports indicated that the U.S. government plans to impose tariffs on imported gold bars, which has led to market volatility [6]. - The White House is expected to issue an executive order to clarify misinformation regarding tariffs on gold and other specialty products, aiming to stabilize the market [6]. Group 3: Economic Indicators and Federal Reserve Actions - Recent economic data, including the ISM non-manufacturing index for July at 50.1, fell short of market expectations, indicating a weakening economy [7]. - The market anticipates a nearly 90% probability of a rate cut by the Federal Reserve in September, driven by the current economic conditions [7]. - Long-term support for gold prices is expected from central bank purchases, ETF investments, and a weakening dollar, despite short-term fluctuations [7].

Core Insights - The article emphasizes the importance of rationally viewing gold price fluctuations and strategically timing investments in gold [1][11] Price Fluctuation Analysis - On August 7, the price of gold in China was reported at 779.21 yuan per gram, showing a slight decrease of 0.01 yuan, which translates to a drop of 0.001% [1] - A price difference of 10 yuan per gram can result in a significant opportunity cost, exemplified by a potential saving of 4,500 yuan for a consumer who delayed a purchase due to price changes [2] Factors Influencing Gold Prices - Domestic gold prices in China primarily follow international gold price trends, which are influenced by various factors including fluctuations in the US dollar exchange rate, geopolitical events, central bank interest rate policies, and global financial market volatility [5] - The high purity of investment-grade gold (AU9999) makes its price highly sensitive to market changes [5] Current Market Conditions - As of August 7, gold prices fluctuated between 776.78 yuan and 780.20 yuan per gram, indicating a relatively stable market without significant price movements [6] - This "platform period" allows investors to reflect on their investment strategies without the pressure of drastic price changes [6] Investment Strategy Considerations - Certain groups should be cautious about entering the gold market during the current conditions, including long-term investors seeking asset preservation, individuals with upcoming wedding or gifting needs, and short-term speculative investors [6] - Investors should consider recent international gold price trends, the US dollar index, domestic holiday demand, and their own financial planning before making investment decisions [8][9][10] Rational Investment Approach - For ordinary investors, gold remains a relatively safe asset, but investment success relies more on timing than on the quantity purchased [11] - Clarifying investment objectives—whether for preservation, collection, or speculation—can help maintain rationality amidst price fluctuations [11]

Core Viewpoint - Gold prices continue to decline, with spot gold dropping below $3360, currently at $3358.56 per ounce, while silver is at $38.98 per ounce [1][2]. Group 1: Market Trends - Domestic gold jewelry prices are also falling, with brands like Chow Tai Fook reporting a price drop below 1000 yuan, now at 990 yuan per gram [2]. - In the first half of the year, China's gold production was 179.083 tons, a year-on-year decrease of 0.31%, while consumption was 505.205 tons, down 3.54% [3]. - Gold jewelry consumption has seen a significant decline of 26% to 199.826 tons, while gold bars and coins increased by 23.69% to 264.242 tons [3]. Group 2: Consumer Behavior - The high gold prices have led to a decrease in gold jewelry purchases, with only essential or investment buyers remaining active in the market [3]. - Consumers are favoring lightweight, well-designed, and high-value jewelry products, which are helping merchants maintain profitability [3]. Group 3: Market Analysis - Recent market analysis indicates that as long as gold prices do not fall below $3200 per ounce, the overall trend remains bullish [3]. - There are concerns regarding potential risks that could impact gold prices, including Federal Reserve dynamics, trade and geopolitical risks, and structural arbitrage in funding [4][5].

Group 1 - Tesla's stock dropped over 6% due to Q2 performance falling short of expectations and a downward revision of its full-year capital expenditure forecast [1][16] - Google's stock rose over 3% as Q2 results exceeded expectations, driven by strong growth in its cloud business [1] Group 2 - The Dow Jones Industrial Average opened down 0.71%, while the S&P 500 index rose 0.16% and the Nasdaq increased by 0.37% [1] - Major European stock indices showed mixed results, with Germany's DAX up 0.22%, France's CAC40 down 0.46%, and the UK's FTSE 100 up 0.76% [6][7] Group 3 - Initial jobless claims in the U.S. for the week ending July 19 were reported at 217,000, a decrease from the previous week's 221,000 [9] - American Airlines' stock fell over 6% in pre-market trading due to a forecast of greater-than-expected losses for Q3 [10]

Group 1 - The article discusses the current fluctuations in gold prices and the potential for a breakout above 3360 [1] - It highlights the volatility in the market and the strategies traders may consider for the weekend [1] - The live session by TTPS trading expert aims to provide insights on the ongoing trends in gold trading [1]

Group 1: Core Insights - Recent decline in gold prices from 775.40 CNY/g to 770.45 CNY/g, a drop of less than 1%, has raised concerns among investors [1] - Multiple factors contribute to the decline in gold prices, including a stronger US dollar, improved global economic outlook, and rising interest rates [3][5] Group 2: Factors Influencing Gold Prices - The appreciation of the US dollar is a primary driver behind the decrease in gold prices, as a stronger dollar increases the cost of gold for holders of other currencies [3] - Optimistic global economic expectations have led investors to shift funds towards higher-yield assets like stocks and funds, reducing demand for gold as a safe-haven asset [3] - Rising interest rates increase the opportunity cost of holding gold, making other investments more attractive and putting downward pressure on gold prices [5] Group 3: Investment Strategies - Long-term investors should not panic; price declines may present buying opportunities consistent with the "buy low, sell high" strategy [7] - Investors are advised to choose lower-risk investment channels such as physical gold or gold funds, avoiding high-risk futures or spot trading [7] - It is essential to monitor real-time prices and choose reputable channels for purchasing gold to avoid losses from outdated information or counterfeit products [7] Group 4: Special Considerations for Gold Jewelry - The price of gold jewelry is influenced by factors beyond gold content, including processing fees, design costs, and brand premiums, leading to different price dynamics compared to gold bars [8] - When selling gold jewelry, clear communication about price components with buyers is crucial to avoid losses due to information asymmetry [8] Group 5: Future Price Predictions - While precise predictions are challenging, short-term gold prices may experience fluctuations or slight declines due to the current global economic environment [9] - Long-term, the value of gold as a safe-haven asset remains strong amid ongoing global economic uncertainties and inflation pressures, making it suitable for long-term holding and risk diversification [9]