In the U.S. stock market, Chinese concept stocks performed relatively strongly, with most major stocks rising. The Nasdaq Golden Dragon China Index increased by 0.52%.

Among the popular Chinese concept stocks, Baozun e-commerce rose by over 11%, Joyy gained more than 8%, BeiGene surged over 8%, Ke Holdings climbed nearly 5%, Li Auto advanced more than 4%, and NIO increased by over 3%. On the declining side, Kingsoft Cloud dropped nearly 6%, Youdao fell over 5%, GDS Holdings declined more than 4%, and Bilibili dipped over 3%.

International gold prices hit another historic high, with gold futures breaking through $3,600.

International gold prices continued to surge sharply, maintaining a strong upward trend.

On Tuesday (September 2), the COMEX gold futures main contract historically broke through $3,600 per ounce for the first time during intraday trading, setting a new record high.

The spot price of gold in London also rose significantly again, once exceeding $3,540 per ounce and also reaching a historic intraday high.

Driven by the rise in gold prices, gold stocks in the U.S. stock market generally advanced. Harmony Gold gained over 7%, and Coeur Mining rose more than 3%.

CITIC Futures stated that the current rally in precious metal prices is mainly influenced by macroeconomic policy expectations. On one hand, the Federal Reserve Chair's shift to a "dovish" stance has heightened market expectations for a restart of the interest rate cut cycle in September. On the other hand, U.S. President Trump's intention to strengthen control over the Federal Reserve through personnel changes has sparked concerns about the independence of the U.S. central bank, further amplifying the safe-haven appeal of precious metals.

Hongyuan Futures' recent research view suggests that Federal Reserve Chair Powell's indication of a potential September interest rate cut due to weakening employment supply and demand, combined with Trump's continued pressure or potential replacement of Federal Reserve officials, and ongoing gold purchases by central banks of multiple countries, may make precious metal prices more prone to rise than fall. Investors are advised to primarily consider buying on price dips.