中美发布经贸联合声明与特朗普政策冲击波：黄金市场遭遇双重压制

Group 1 - The core outcome of the US-China trade negotiations includes a phased reduction of tariffs, with the first adjustments affecting agricultural products and medical devices, resulting in a tariff reduction of 30%-50% [2][3] - A supply chain stability mechanism will be established in key areas such as semiconductors and new energy, with China committing to increase imports of US agricultural products and the US agreeing to ease some medical device export restrictions [3] - China will further open its financial and education services sectors, while the US will allow Chinese companies to participate in certain 5G infrastructure projects [4] Group 2 - Trump's recent executive order aims to reduce prescription drug prices by 30%-80% and implement a "most favored nation" policy, which may lead to significant volatility in the healthcare sector [5] - The easing of US-China trade tensions has diminished gold's safe-haven appeal, compounded by a rebound in the US dollar index above 101, which has pressured gold prices [6] - Global central banks have been net buyers of gold for the 16th consecutive year, with expectations that gold purchases will exceed 1,200 tons by 2025, driven by major buyers like China, India, and Turkey [8]