【Tianfeng Securities: Strong Expectations for Market Interest Rate Cuts, Gold and Silver Prices Rise Again】 Jinshi Data reported on December 15 that Tianfeng Securities released a research report stating that there are strong expectations for market interest rate cuts, and gold and silver prices have risen again. As of December 12, the domestic average price of 99.95% gold was 619.86 yuan/gram, an increase of 0.88% compared to the average price of last week, while the average price of Shanghai spot #1 silver was 7847 yuan/kilogram, an increase of 2.23% compared to the average price of last week. At the beginning of the week, after the release of the U.S. November non-farm payroll data, market expectations for a 25 basis point rate cut by the Federal Reserve in December rose to 86%, with expectations for rate cuts increasing further within the year, supporting a short-term rise in gold and silver prices. Subsequently, U.S. November CPI data met market expectations, bringing market expectations for a Federal Reserve rate cut in December close to 100%, while the market also increased bets on a rate cut by the Federal Reserve in January next year, causing gold and silver prices to rise again as a result. (Source: Jinshi Data)