金价走势再逆转？现货黄金涨超1%，机构：短期利空大跌，或为长期投资者提供入场买点

Core Viewpoint - The international gold price has recently reversed its trend, with spot gold rising over 1% on May 19, reaching $3,240.68 per ounce, while COMEX gold futures increased by 1.93% to $3,248.6 per ounce [1][5]. Price Movements - As of May 19, spot gold was reported at $3,240.68 per ounce, showing a daily increase of $38.9 or 1.21% [3]. - COMEX gold futures closed at $3,248.6 per ounce, up $61.4 or 1.93% from the previous close of $3,187.2 [2]. Recent Trends - The gold price had previously peaked at approximately $3,430 per ounce on May 7, followed by a significant decline, including a drop of about $72 per ounce on May 14, marking a daily decrease of 2.23% [5]. - Factors contributing to the recent decline included improved market risk appetite following U.S.-China trade talks and a noticeable outflow from global gold ETFs due to profit-taking [5]. Market Analysis - Analysts suggest that the recent drop in gold prices reflects a short-term bearish sentiment influenced by trade easing, a rebound in the U.S. dollar, and technical overbought conditions [6]. - Despite short-term pressures, the long-term outlook for gold remains positive due to ongoing concerns about U.S. dollar credit risk and expectations of continued central bank gold purchases [6].