Storyline: Gold prices surged significantly on Wednesday as investors seek out safe-haven assets amid prospects of a rate cut by the Federal Reserve. During the Asian trading session, London spot gold prices briefly approached 3,547 U.S. dollars per ounce during intraday trading, while gold futures on the New York Mercantile Exchange briefly surpassed 3,616 U.S. dollars per ounce, both marking historic new highs. A recent report released by analysts at Morgan Stanley has projected that the Fed will announce a 25 basis point rate cut at its September meeting, followed by another cut before the end of the year. Historical data indicates that in the two months following the initiation of a rate cut cycle by the Fed, gold and silver typically experience significant increases, with gold prices on average rising by approximately 6 percent. Meanwhile, Fed Chairman Jerome Powell's recent dovish stance has considerably bolstered expectations of a rate cut in the market, leading to the recent increase in precious metal prices. On Sept 5, the U.S. Bureau of Labor Statistics (BLS) will release the non-farm payroll data for August. Previously, the BLS significantly revised down the non-farm payroll data for May and June by 258,000, far beyond market expectations, causing severe turmoil in the U.S. capital markets as the dollar and U.S. stocks plummeted, while U.S. bonds and gold rapidly strengthened. Shotlist: FILE: China - Exact Location and Date Unknown: 1. Various of gold granules FILE: Tokyo, Japan - July 12-14, 2024: 2. Bullion with "999.9, fine gold, 250,000g" engraved FILE: Zhaoyuan County, Yantai City, Shandong Province, east China - September 2022: 3. Various of gold bars in save box FILE: Istanbul, Turkiye - April 5, 2024: 4. Various of gold bars, gold coins FILE: China - Exact Location and Date Unknown: 5. Various of gold bars 6. Gold coins with panda pattern FILE: Kunming City, Yunnan Province, southwest China - 2025: 7. Gold jewelry for sale FILE: Shanghai, China - Feb 24, 2025: 8. Various of gold jewelry for sale 9. Various of gold bars. [Restrictions : No access Chinese mainland]