Core Viewpoint - The domestic gold price has surpassed 1000 yuan, driven by rising international gold prices and the appreciation of the renminbi against the US dollar [1][3]. Group 1: Gold Market Dynamics - The main contract in the gold futures market is the Shanghai Gold 22512 contract, with a holding volume of 222,000 lots [1]. - International gold prices are stable above 4000 USD, with a peak of 4392 USD today [3]. - The offshore renminbi has appreciated significantly, with the USDCNH rate moving from 7.3355 at the beginning of the year to a recent 7.1302, reflecting an appreciation of 2500 basis points [3]. Group 2: Economic Influences - The rise in both domestic and international gold prices is attributed to expectations of an economic recession in the US and a weakening of the US dollar's international credibility [3]. - The US Senate has repeatedly rejected emergency funding proposals from the Trump administration, leading to a prolonged government shutdown, which has contributed to negative market sentiment regarding the US economy [3]. - The poor employment figures in the US, with only 55,000 new non-farm jobs added in September, have pressured the Federal Reserve to consider interest rate cuts [5].