黄金，又跌了！

Group 1: Gold Market Dynamics - The gold market experienced a significant reversal, with spot gold prices initially dropping nearly 2% to $3120.64, before rebounding to close at $3239.58, marking a daily increase of nearly 2% and a fluctuation of over $100 [1] - The recent volatility in gold prices is attributed to multiple factors, including reduced demand for safe-haven assets due to easing trade war concerns and a strengthening dollar, while a recovery in physical demand provided some support [14] Group 2: U.S. Economic Indicators - The U.S. economy is showing signs of weakness, with April's PPI experiencing its largest decline in five years, retail sales slowing, and the New York Fed manufacturing index contracting again, which has heightened expectations for potential interest rate cuts by the Federal Reserve [3] - Federal Reserve Chairman Jerome Powell indicated that the U.S. may be entering a period of more frequent and prolonged supply shocks, posing challenges for both the economy and the Fed [5] - Despite concerns about a potential recession, there is a cautious optimism among investors as the U.S. stock market shows resilience, although macro and micro-level risks remain [6] Group 3: International Monetary Policy - Mexico's central bank announced a 50 basis point cut in its benchmark interest rate to 8.00%, with indications that similar reductions may follow in future meetings [8] - Goldman Sachs has revised its economic growth forecasts for Mexico, projecting GDP stability in 2025 and an increase in growth expectations for 2026 [8] Group 4: Geopolitical Tensions - The situation in Israel escalated as Houthi forces claimed to have targeted Ben Gurion International Airport with a missile strike, indicating a potential increase in military actions [9][11] - The ongoing Russia-Ukraine negotiations have faced delays, with uncertainty surrounding the timing and agenda of future talks [12]