Core Viewpoint - Gold prices are experiencing a decline from record highs due to improved market sentiment and a rebound in the US dollar, despite ongoing long-term bullish factors for gold [1][6][7] Market Sentiment Shift - The shift in market sentiment is closely linked to gold price fluctuations, with a previous increase of over 26% since early 2025 driven by trade tensions and geopolitical uncertainties [3] - President Trump's comments about not firing Federal Reserve Chairman Powell and progress on tariff issues have alleviated concerns about the Fed's independence and reduced risks of escalating trade tensions, leading to a preference for risk assets over safe havens like gold [2][3] Technical Adjustment Pressure - Following the record high of $3500, gold prices have seen a sharp reversal, indicating potential for further technical adjustments [4] - The strengthening of the US dollar is exerting additional pressure on gold prices, as a stronger dollar makes gold more expensive for investors holding other currencies [4] Performance of Other Precious Metals - Despite the decline in gold prices, other precious metals have shown relative stability, with silver rising by 3% to $33.48 per ounce, platinum increasing by approximately 1.1% to $969.1, and palladium holding steady at $935.59 [5] Market Outlook - Long-term drivers for gold prices remain intact, including trade tensions, geopolitical uncertainties, and complex global economic conditions that support safe-haven demand [6] - Short-term adjustments may continue due to improved market sentiment and the dollar's rebound, necessitating close monitoring of trade negotiations, Federal Reserve policy changes, and global economic data [7]
大通金融：周四黄金从高位回落 市场情绪转变与技术调整的影响？
Sou Hu Cai Jing·2025-04-24 16:16