金荣中国：现货黄金回吐隔夜反弹空间，并进一步延续低点

Fundamental Analysis - The recent easing of tensions in the Middle East has significantly reduced the demand for gold as a safe-haven asset, leading to a decline in gold prices [4][5] - Following the announcement of a ceasefire agreement between Israel and Iran, gold prices fell from a peak of $3368.98 per ounce to around $3350, with a low of $3333.17 [1][2] - The conflict, which began on June 13, involved airstrikes by Israel on Iranian nuclear facilities and subsequent retaliatory actions by Iran, but the limited scale of these actions has contributed to a decrease in market fears [4][5] Market Reactions - The ceasefire agreement has led to a positive outlook for risk assets, with U.S. stock index futures rising: S&P 500 futures up 0.6%, Nasdaq futures up 0.8%, and Dow Jones futures up 0.4% [5] - Oil prices also experienced a significant drop as the fears of Iranian actions disrupting oil supply through the Strait of Hormuz did not materialize [4] Monetary Policy Impact - The recent dovish comments from Federal Reserve Vice Chair Bowman regarding potential interest rate cuts have influenced market expectations, with a 23% chance of a rate cut in July and 80% and 92% probabilities for September and October, respectively [6] - Despite the potential for lower interest rates to support gold prices, the impact of the ceasefire news has overshadowed this, preventing a rebound in gold prices [6] Technical Analysis - The gold market is currently facing resistance around the $3400 level, with potential further declines towards the $3300 range [8] - Short-term trading strategies suggest monitoring the $3370 level for potential short positions, while conservative traders may choose to wait for clearer market direction [8]