新华财经纽约10月3日电（记者徐静）纽约商品交易所黄金期货市场交投最活跃的2025年12月黄金期价3 日上涨43.90美元，收于每盎司3912.00美元，涨幅为1.13%。 （文章来源：新华财经） 美国政府关门已进入第三天，尚未看到任何结束政府关门的进展迹象。美国国会参议院3日未能通过新 的临时拨款法案，民主党和共和党的提案均再度遭到否决，这意味着联邦政府"停摆"将继续。两党继续 互相指责，将政府"关门"的责任归咎于对方，双方僵持不下，这可能导致政府长期休假，并导致美国政 府服务长期中断。 当天12月交割的白银期货价格上涨1.60美元，收于每盎司47.97美元，涨幅为3.44%。 临近周末，避险需求稳定，黄金和白银价格均走高。 ...

今日高点高于昨日的日内交易区间，低点低于昨日的日内交易区间，在日线图上可以视为看跌的"关键 反转"，也是市场顶部已经形成的早期技术线索。 美国政府关门已进入第二天，特朗普政府加大赌注，暂停了180亿美元基础设施建设资金，并暗示将解 雇数千名联邦政府工作人员。一些经济学家警告，大规模裁员可能削弱企业信心并减少资本投资。政府 关门正在引发一些市场避险情绪。 新华财经纽约10月2日电（记者徐静）纽约商品交易所黄金期货市场交投最活跃的2025年12月黄金期价2 日收于每盎司3880.80美元，跌幅为0.43%。 近期金价创下历史新高，白银价格创14年新高，导致市场出现获利回吐，当天黄金和白银价格下跌。美 元指数上涨、原油价格下跌也打压金价。 市场分析人士认为，尽管金价今年已经上涨逾40%，但是黄金仍然能为投资者提供巨大价值，因为黄金 是唯一能够保持购买力的资产。即使市场出现一些盘整，黄金在2025年最后一个季度仍拥有充足的看涨 势头，金价仍有可能达到每盎司4000美元。 当天12月交割的白银期货价格收于每盎司46.87美元，跌1.70%。 （文章来源：新华财经） ...

Core Viewpoint - The Federal Reserve has lowered the federal funds rate by 25 basis points to a target range of 4.00% to 4.25%, marking the first rate cut of 2025 and following three cuts in 2024, which has led to a slight decline in gold and silver futures prices [1][2][3] Group 1: Federal Reserve Actions - The Federal Reserve's decision to cut the federal funds rate is aimed at addressing challenges in the labor market, as many individuals are currently struggling to find jobs [2][3] - The median forecast for the appropriate level of the federal funds rate is projected to be 3.6% by the end of this year, 3.4% by the end of 2026, and 3.1% by the end of 2027 [2] Group 2: Economic Predictions - The Federal Reserve has revised its economic outlook, predicting a median real GDP growth rate of 1.6% for this year, and 1.8% and 1.9% for 2026 and 2027, respectively, which is an increase from previous forecasts [1] - The median unemployment rate is expected to be 4.5% in 2025, 4.4% in 2026, and 4.3% in 2027, showing a slight improvement from earlier predictions [1]

Group 1 - The core viewpoint of the article indicates that gold prices experienced a decline on September 9, with the most actively traded December 2025 gold futures price falling by 0.37% to $3663.80 per ounce, despite reaching a new high earlier in the day [1] - Market analysts believe that bullish fundamentals and technical charts may continue to drive the gold bull market [1] - The U.S. Department of Labor revised the preliminary estimate of non-farm employment for March 2024 to March 2025 down by 911,000, which is significantly lower than the ten-year average and represents the largest downward adjustment in the history of this data series [1] Group 2 - The spot gold price initially surged to a high of $3674.69 but dropped to $3643 within ten minutes following the employment data release [1] - Technical analysis indicates that December gold futures bulls currently hold a strong technical advantage, with the next upward price target being a breakthrough of the solid resistance level at $3750, while bears aim to break below the solid technical support level at $3550 [1] - Silver futures for December delivery also saw a decline, dropping by 1.31% to $41.36 per ounce [2]

Group 1 - The core viewpoint of the articles highlights the focus on the upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole annual conference, which is expected to provide insights into the Fed's monetary policy framework and potential interest rate cuts in September [1][2] - The most actively traded gold futures for December 2025 closed at $3,382.90 per ounce, reflecting a slight decline of 0.17% [1] - Silver prices showed strength, with September futures closing at $38.08 per ounce, marking an increase of 0.81% [2] Group 2 - The minutes from the Federal Reserve's July monetary policy meeting indicated that most officials believe inflation risks outweigh concerns about the labor market, contributing to internal divisions regarding interest rate decisions [1] - Switzerland's gold exports to the U.S. surged to nearly 51 tons in July, the highest level since March, with over $36 billion in gold exports accounting for more than two-thirds of Switzerland's trade surplus with the U.S. in the first quarter [1] - Market analysts suggest that disappointing economic data continues to support expectations for the Fed to restart its easing cycle in September, which is likely to bolster gold prices [2]

Group 1 - The core viewpoint of the article highlights the fluctuations in gold and silver futures prices, with December 2025 gold futures dropping by 0.04% to $3,381.70 per ounce, marking a weekly decline of 3.14% [1] - Economic data released on the same day showed mixed results, contributing to the stability in gold prices. The U.S. retail sales for July increased by 0.5% month-on-month and 3.9% year-on-year, surpassing the expected 3.5% growth [1] - The New York Federal Reserve reported an increase in the manufacturing index for August to 11.9, significantly above the expected decline to 0.0, indicating further expansion in manufacturing activity in the New York region [1] - The University of Michigan's consumer confidence index for August was reported at 58.6, lower than July's final value of 61.7 and below economists' expectations [1] Group 2 - Silver futures for September delivery fell by 0.13% to $38.02 per ounce, with a cumulative weekly decline of 1.35% [2]

Group 1 - The core point of the article is that gold prices fell due to unexpected high inflation data from the US, with December 2025 gold futures dropping by $26.0 to $3382.3 per ounce, a decrease of 0.76% [1] - The US Producer Price Index (PPI) for July increased by 0.9% month-on-month, significantly higher than June's zero growth and market expectations of 0.2%, marking the largest increase since June 2022 [1] - Year-on-year, the PPI rose by 3.3%, surpassing June's 2.3% and market expectations of 2.6%, representing the highest level since February of this year [1] Group 2 - Following the inflation report, US stock markets weakened, while the dollar and long-term US Treasury yields increased, slightly reducing market expectations for a 25 basis point rate cut by the Federal Reserve in September [1] - The US labor market showed resilience, with initial jobless claims for the week ending August 9 decreasing by 3,000 to 224,000, lower than the market expectation of 228,000 [1] - The dollar index jumped approximately 25 points after the data release, surpassing the 98 mark, while gold prices significantly declined, reaching an intraday low [1] Group 3 - Silver futures for September delivery also fell, decreasing by $0.567 to $38.035 per ounce, a decline of 1.47% [2]

Core Viewpoint - The gold futures market is experiencing a slight increase in prices due to a decline in the US dollar index and US Treasury yields, alongside expectations of interest rate cuts by the Federal Reserve in the coming months [1] Group 1: Market Performance - On December 13, 2025 gold futures rose by $8.0, closing at $3,407.0 per ounce, marking a 0.24% increase [1] - Silver futures for September delivery increased by $0.548, closing at $38.550 per ounce, with a rise of 1.44% [1] Group 2: Economic Indicators - The weak US labor market and relatively mild inflation have led to predictions from Wall Street firms that the Federal Reserve will begin cutting interest rates in September [1] - The market anticipates a 25 basis point rate cut during the September monetary policy meeting, followed by two additional cuts in December and March [1] Group 3: Central Bank Actions - The Bank of Thailand has lowered its benchmark interest rate and plans to maintain an accommodative policy, having reduced rates by a total of 100 basis points since October 2024 [1] Group 4: Long-term Demand for Gold - Analysts believe that the weakening purchasing power of fiat currencies will continue to support long-term demand for gold, as the unrestrained growth of the paper currency system is pushing gold and silver towards significant structural breakthroughs [1] Group 5: Technical Analysis - The December gold futures market currently shows a solid overall technical advantage for bulls [1]

Group 1 - The core viewpoint of the articles indicates a slight decline in gold prices due to profit-taking by short-term traders and a rise in the US stock market, with December 2025 gold futures dropping by $5.1 to $3399.6 per ounce, a decrease of 0.15% [1] - The US Labor Department reported that the Consumer Price Index (CPI) rose by 2.7% year-on-year in July, consistent with June's increase, while the core CPI, excluding food and energy, increased by 3.1%, up from 2.9% in the previous month, significantly above the Federal Reserve's 2% target [1] - Market speculation suggests that the Federal Reserve may lower interest rates by 25 basis points at the upcoming meeting on September 17, with some analysts believing that the mild inflation data could pave the way for a 50 basis point cut [1] Group 2 - President Trump urged Federal Reserve Chairman Jerome Powell to lower interest rates immediately, criticizing his management and suggesting potential legal action against him [2] - The technical outlook for December gold futures remains strong for bulls, indicating a solid overall technical advantage [2] - Silver futures for September delivery increased by 15.3 cents, closing at $37.940 per ounce, reflecting a rise of 0.40% [3]

Group 1 - The core viewpoint of the article highlights the significant increase in gold prices, driven by central banks' continuous accumulation of gold reserves and strong technical factors, with gold futures for December 2025 rising by $49.3 to $3482.7 per ounce, marking a 1.44% increase [1] - Central banks' purchases of gold are identified as a key driver for the 30% increase in gold prices this year, with expectations that this trend will continue, although the pace of purchases may slow down as prices rise [1] - The article notes that the U.S. Department of Labor reported an increase in initial jobless claims to 226,000, exceeding market expectations, indicating a weakening labor market, which contributed to the rise in gold prices [1] Group 2 - On the technical side, December gold futures are noted to have a strong overall technical advantage for the bulls [1] - Silver futures for September also saw an increase, rising by 62.8 cents to $38.530 per ounce, reflecting a 1.66% gain [1]