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Core Viewpoint - The recent increase in gold prices is driven by multiple factors including a weaker dollar, uncertainties in trade negotiations, rising inflation expectations, and heightened geopolitical risks [1][3][4] Group 1: Gold Price Movements - Gold is currently trading around $3315.04 per ounce, having rebounded 0.4% to close at approximately $3325.45 per ounce on Monday [1] - The fluctuations in gold prices are often inversely related to the dollar index, which fell by 0.2% on Monday, making gold more attractive to investors holding other currencies [1] - The recent rebound in gold prices occurred after briefly hitting a one-week low, driven by increased buying interest due to the dollar's weakness [1] Group 2: Economic Indicators - The strong performance of U.S. employment data has alleviated some recession concerns but has not fully resolved market uncertainties regarding future Federal Reserve policies [1][3] - The 10-year U.S. Treasury yield decreased by 3.6 basis points to 4.474%, while the 30-year yield fell by 1.6 basis points to 4.947% [3] - The 10-year Treasury Inflation-Protected Securities (TIPS) yield indicates a market expectation of an average annual inflation rate of 2.3% over the next decade [3] Group 3: Geopolitical and Market Dynamics - Geopolitical instability, such as social unrest in the U.S., enhances gold's appeal as a safe-haven asset [3] - The hardline stance of the Trump administration on trade and immigration may further increase global market uncertainties, prompting more investors to turn to gold [3] - Upcoming U.S. Treasury auctions for various maturities could influence market expectations regarding inflation and interest rates, potentially impacting gold prices [3][4] Group 4: Future Outlook - Short-term fluctuations in gold prices will be influenced by developments in U.S.-China trade negotiations and upcoming U.S. CPI data [4] - A breakthrough in trade talks or lower-than-expected inflation data could exert downward pressure on gold prices [4] - Long-term support for gold prices is expected to come from ongoing global economic uncertainties, central bank gold purchases, and increasing social unrest [4]