关税摇摆、多头回归，金价后市能否再破高位？

Group 1 - The core viewpoint of the articles highlights the volatility of gold prices around the $3300 per ounce mark, driven by fluctuating tariff policies and economic conditions [1][2] - Gold prices recently surged, with a peak of $3384 per ounce, marking a significant daily increase of over 2%, attributed to President Trump's announcement of increased tariffs on steel imports [1][2] - The gold market has experienced a "roller coaster" effect this year, with prices previously reaching a historical high of $3509 per ounce before dropping to $3245 due to profit-taking and easing geopolitical tensions [1] Group 2 - The technical analysis indicates that $3300 is a critical battleground for bulls and bears, with the market reacting to the U.S. government's inconsistent tariff policies and heightened expectations for Federal Reserve interest rate cuts [2] - Recent data from the CFTC shows an increase in non-commercial net long positions in COMEX gold futures, indicating a return of bullish sentiment, with net long positions rising by 10,203 contracts to 174,184 contracts [3] - The U.S. economy faces significant challenges, as evidenced by rising unemployment claims and a notable decline in corporate profits, which fell by $118.1 billion in Q1 2025, the largest drop since Q4 2020 [3] Group 3 - The long-term outlook suggests that the Federal Reserve's interest rate cut cycle is ongoing, with expectations for three rate cuts within the year, which could benefit gold prices [4]