Goldman Sachs(US:GS) Xin Hua Cai Jing·2025-07-01 07:18Group 1 - The international gold price experienced wide fluctuations but closed higher, recovering the $3300 mark, indicating a potential stabilization trend [1] - Geopolitical tensions have eased, which is a primary factor suppressing current gold prices, while concerns over U.S. debt defaults due to a significant increase in the debt ceiling are limiting downward movement [1] - Gold has benefited from the situation, with a notable increase of over 25% in the first half of 2025, marking the best half-year performance since 2007 [1] Group 2 - The market's short-term focus is shifting towards upcoming non-farm payroll data, which will provide guidance on whether the Federal Reserve will initiate rate cuts [2] - Technically, gold prices are in a bearish arrangement after a death cross between the 5-day and 10-day moving averages, with resistance levels at $3310 and $3345 [2] - Despite the potential for further declines, the recent price action suggests a gradual stabilization, with support levels identified at $3280 and $3260 [2]