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]

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]