Core Viewpoint - The current rise in gold prices is driven by increased expectations of a Federal Reserve interest rate cut this month, enhancing gold's appeal as an investment [1] Group 1: Gold Market Performance - Spot gold has increased by 1%, reaching $3482.2 per ounce, marking a four-month high [1] - New York gold futures have risen nearly 1%, hitting a historical high of $3550 per ounce [1] - Gold ETF (159937) surged by 1.9%, with a year-to-date increase of 28.55% [1] Group 2: Economic Indicators - The U.S. PCE data showed a month-on-month increase of 0.2% and a year-on-year rise of 2.6%, both in line with expectations [1] - According to CME FedWatch, traders currently estimate an 87% probability of a 25 basis point rate cut by the Federal Reserve in September [1] Group 3: Investor Sentiment - Concerns regarding the independence of the Federal Reserve have been heightened due to repeated criticisms from U.S. President Trump [1] Group 4: Gold ETF Details - The gold ETF (159937) tracks SGE gold 9999, with a net inflow of 9.227 billion yuan this year, bringing its latest scale to 28.438 billion yuan, leading in its category in the Shenzhen market [1] - The ETF supports T+0 trading, allowing investors to buy and sell within the trading day to capitalize on market opportunities [1] - The ETF also has off-market funds: Connect A (002610) and Connect C (002611) [1]