In recent times, the release of the U.S.'s Producer Price Index (PPI) data has shown that inflation levels remain steady, providing the Federal Reserve with strong grounds for reconsidering its current tightening policy. Paul Ashworth, an analyst at Capital Economics, noted in his report that the PPI data for August further indicated that inflation is under control, bolstering market expectations of an imminent rate cut by the Fed. As market expectations of monetary policy adjustments intensified, the U.S. dollar weakened, which further pushed up the international gold price denominated in U.S. dollars. Against this backdrop, spot gold prices surged significantly during the American trading session, crossing the key benchmark of $2,550 per ounce, and reached a new historical high of $2,555.16 per ounce. This reflects the growing interest of investors in safe-haven assets and their shared concern about global economic uncertainties.