Foreign
1. JPMorgan: Gold prices are expected to average over $5,000 in 2026, with a long-term bullish outlook of $6,000.
2. Barclays: CPI figures need to be significantly higher than expected to change expectations of a Fed rate cut.
3. JPMorgan and Bank of America predict: The Fed will end its balance sheet reduction early this month.
4. State Street: Investor optimism about risky assets may be excessive.
5. ING: Spreads on US dollar corporate bonds continue to narrow, becoming less attractive than eurobonds.
6. Citi: Rising oil prices open a hedging window for producers, but the geopolitical premium may not last.
7. Commerzbank: The foreign exchange market appears insensitive to tariff threats, and expectations of rate cuts are constrained by inflationary pressures.
8. JPMorgan Chase: The Bank of Japan remains likely to raise interest rates in October, potentially leading to a rebound in the yen.
9. ING: Rising inflation in Japan opens the door for a December rate hike by the Bank of Japan. Domestic
1. Guotai Junan Securities: Overseas crypto mining farms are transforming into AI computing centers.
2. Huatai Securities: Watch for opportunities to increase allocations to gold assets after gold prices stabilize.
3. CITIC Securities: A ruling on the Trump tariff case is expected by the end of the year or in the first quarter of next year.
4. Minsheng Securities: US core inflation will face an upward inflection point year-on-year in the fourth quarter.
