Core Viewpoint - The price of spot gold has reached a historical high, surpassing $3500 per ounce, with a year-to-date increase of over 30% driven by expectations of a Federal Reserve interest rate cut [1][3]. Group 1: Gold Price Movement - On September 2, spot gold prices briefly exceeded $3500 per ounce, marking a historical peak [1]. - The New York gold and silver futures prices hit new highs, with December gold futures closing at $3546 per ounce, up 0.85%, and September silver futures at $41.05 per ounce, up 2.11% [3]. - London spot gold prices approached $3490 per ounce during trading, nearing historical highs [3]. Group 2: Domestic Gold Jewelry Price Increase - Domestic gold jewelry prices have seen significant increases, with brands like Chow Sang Sang pricing at 1041 RMB per gram, up 16 RMB from the previous day, and Lao Miao Gold at 1034 RMB per gram, up 11 RMB [4]. - The price of various gold and platinum jewelry items has been listed, with gold jewelry at 1041 RMB per gram and platinum jewelry at 470 RMB per gram [5][6].

Group 1 - The international gold market experienced significant volatility on May 29, with spot gold prices dropping over 1% to $3252.19 per ounce, while COMEX gold futures fell by 1.40% to $3276 per ounce [1][2] - Domestic gold jewelry prices in China also declined in response to international market fluctuations, with major brands like Chow Tai Fook and Lao Feng Xiang seeing prices drop to around 1000 yuan per gram [3][4] - The recent drop in gold prices is attributed to a easing of geopolitical tensions, which reduced the demand for gold as a safe-haven asset [4][5] Group 2 - Recent gold price movements have shown a range between a high of $3400 and a low of $3120, indicating a downward shift in both the high and low points compared to previous levels [5] - Analysts suggest that if gold prices do not fall below the $3120 mark, there may be a potential for a rebound in the second half of the year, contingent on fundamental market conditions [5] - A recent U.S. court ruling has blocked President Trump's tariff policy, which may have implications for the broader economic environment and consequently affect gold prices [5][6]