Core Viewpoint - The market anticipates a 25 basis point interest rate cut by the Federal Reserve, leading to a rebound in gold prices after a previous decline [1] Group 1: Market Reaction - Following the expected interest rate cut, investors are buying gold at lower prices, which has supported a rise in international gold prices [1] - On the date of the announcement, gold prices increased by over 1%, surpassing the $4,000 per ounce mark [1] Group 2: Price Details - As of 29th September, the London spot gold price was reported at $4,019.58 per ounce, reflecting a 1.67% increase [1] - The December gold futures price on the New York Commodity Exchange was reported at $4,033.80 per ounce, with a 1.28% increase [1]

Group 1 - Silver prices have surged this year, driven by rising gold prices, with London spot silver closing at $52.27 per ounce, marking a 76.53% increase year-to-date, outpacing gold's performance [1][7] - On the 13th, international gold prices rose over 3%, surpassing the $4100 per ounce mark for the first time, with December gold futures closing at $4133.0 per ounce, reflecting a 3.31% increase [3] - London spot silver reached an intraday historical high, driven by a significant drop in physical silver inventories, leading to a short squeeze in the market [4][6] Group 2 - The gold-silver ratio has reached approximately 80:1 in the short term, indicating that silver may be undervalued compared to gold, prompting some investors to take long positions in silver [7] - Despite the bullish sentiment, Goldman Sachs has advised caution regarding the recent surge in silver prices, highlighting the lack of central bank support and potential for increased volatility and downside risk [7]