现货黄金跌破 3160 美元，市场行情剧烈波动

Core Viewpoint - The significant drop in gold prices is attributed to improved US-China trade negotiations and a general easing of geopolitical tensions, leading to reduced demand for gold as a safe-haven asset [3]. Group 1: Market Reaction - On May 16, spot gold prices fell dramatically, dropping $20 to below $3160 per ounce, with a daily decline of 2.56% [1] - New York futures gold also experienced a 2% drop, settling at $3162.00 per ounce, while London gold and COMEX gold reported similar declines [1]. Group 2: Factors Influencing Gold Prices - The easing of market tensions due to positive developments in US-China trade talks has led to a significant outflow of funds from the gold market into riskier assets [3]. - Geopolitical stability is indicated by the first direct talks between Russia and Ukraine in over three years, further enhancing market risk appetite and diminishing gold's appeal [3]. - Technical analysis shows that gold's repeated failures to break the $3200 per ounce psychological barrier led to increased selling pressure once this support level was breached [3]. Group 3: Economic Indicators - The US April CPI data showed moderate performance, dampening expectations for significant interest rate cuts by the Federal Reserve, which in turn strengthened the dollar and pressured gold prices [3]. - A report from Citigroup on May 12 revised the three-month gold price target down from $3500 to $3150 per ounce, citing the easing of tariff concerns as a core reason for the price adjustment [3]. Group 4: Investor Behavior - Investors who previously bought gold at high prices are now facing significant losses, with one example showing a drop from a purchase price of 830 yuan per gram to around 758 yuan, resulting in a loss of approximately 72 yuan per gram [3]. - Some investors have successfully locked in profits by selling at high prices, while others are waiting for further declines to enter the market [3].