金价回调提振消费热情，五一假期国际金价盘中下挫超2%

Group 1 - International spot gold prices have experienced a significant decline, dropping over 2% on May 1, reaching a low of $3220 per ounce, and COMEX gold futures fell to $3228 per ounce, down $281.6 from the historical high of $3509.9 on April 22, marking a correction of over 8% [1] - During the May Day holiday in China, some gold jewelry prices have been reduced, with Chow Tai Fook's gold price dropping from 1022 to 1009 yuan per gram, a decrease of 13 yuan [1] - Despite high gold prices suppressing demand, there has been an increase in consumer interest in gold jewelry, particularly in traditional and hard gold products, with reports of long queues at stores [2][1] Group 2 - The decline in international gold prices is attributed to positive developments in U.S. trade negotiations, leading to a third consecutive day of price drops [4] - There is a noticeable trend of profit-taking among gold bulls, with the CFTC reporting a reduction of 26,832 non-commercial net long positions in COMEX gold futures, bringing the total to 175,378, which is 37.7% of the market [5] - In the medium to long term, market sentiment regarding risk and expectations of interest rate cuts are expected to support gold prices, especially following a reported GDP contraction of 0.3% in the U.S. for Q1 2025, the first negative growth since Q1 2022 [6]