Minsheng Securities research reports indicate that the gold price has reached a new high against the background of the upcoming interest rate cut by the Federal Reserve. Looking ahead, in the medium and long term, the weakening of the US dollar's credit is the main trend, and there is a firm bullish outlook on the upward movement of the gold price. 'In terms of the latest economic data, the US CPI increased by 2.5% year-on-year in August, down from the previous value of 2.9%, while the core CPI increased by 3.2% year-on-year, in line with market expectations, with a month-on-month increase of 0.3%, higher than the expected 0.2%. In the job market, the non-farm data for August was lower than expected, and the data for June and July were revised downwards. Although the core CPI in August exceeded expectations and suppressed the rate of the first decline, the interest rate cut is about to begin, and there is a bullish opportunity for long-term bullish gold.' Minsheng Securities said. In addition, regarding silver, which is also a precious metal, Minsheng Securities analysis states that silver has both financial and industrial attributes. In recent years, the growth of photovoltaic silver has driven a tight supply-demand situation, and the price of silver has relatively higher elasticity. 'In terms of asset allocation, we recommend focusing on Zhongjin Gold, SD Gold, Shandong Gold, Zhaojin Mining, Chifeng Jilong Gold Mining, Hunan Gold Corporation, and also pay attention to China Gold International. For silver targets, focus on Inner Mongolia Xingye Silver&Tin Mining and Shengda Resources.' Minsheng Securities stated.