美联储连续第三次按兵不动，现货黄金重返3400美元/盎司上方

Group 1 - During the May Day holiday, international gold prices exhibited a "deep V" trend, initially dropping to the $3200 mark due to unexpected news such as the breakdown of Japan's tariff negotiations and Trump's expansion of tariffs, but quickly rebounding to over $3400 per ounce as risk aversion increased [1] - The gold ETF (159937) saw a nearly 1% increase, achieving a transaction volume exceeding 400 million yuan, with a cumulative increase of over 45% in the past year [1] - The Federal Reserve maintained its interest rate at 4.25% to 4.50%, with Chairman Powell indicating no urgency to adjust rates, despite rising uncertainty in the economic outlook [1][2] Group 2 - Analysts predict that the Federal Reserve will likely keep interest rates unchanged in the upcoming meetings, with expectations of fewer than or equal to two rate cuts within the year [2] - The market remains volatile, influenced by Trump's tariff policies and the unclear outlook for U.S. stocks, with a prevailing bearish sentiment towards the dollar [2] - Recent economic data showed a 0.3% quarter-on-quarter decline in U.S. GDP, indicating the impact of tariffs, while personal consumption expenditures rose by 1.8% [3] Group 3 - The gold ETF (159937) closely tracks domestic gold prices with an annualized tracking error of only 0.3%, allowing investors to avoid storage and authentication costs while trading through a securities account [4]