特朗普就最新贸易协议发声，黄金围绕3310美元震荡

Core Viewpoint - The recent fluctuations in gold prices are influenced by various economic factors, including U.S. fiscal policies, employment data, and geopolitical tensions, indicating a complex market environment for gold investments [3][4][5][6]. Group 1: Gold Price Movements - As of the latest report, spot gold is priced at $3,310.52 per ounce, reflecting a decline of 0.79% [3]. - The COMEX gold price has also decreased to $3,319 per ounce, with a drop of 0.69% [3]. - The gold ETF fund (159937) has seen a decrease of 0.70% with a turnover rate of 1.16% and a transaction volume of 328 million yuan [1]. Group 2: Economic Indicators - The U.S. June PMI data exceeded expectations, with the ISM manufacturing PMI at 49 (expected 48.8) and the services PMI at 50.8 (expected 50.5) [3]. - Non-farm payrolls in June increased by 147,000, surpassing the expected 106,000, while the unemployment rate fell to 4.1% (expected 4.3%) [3]. Group 3: U.S. Fiscal Policies - The U.S. House of Representatives passed the "Big and Beautiful" tax and spending bill, which is controversial due to its potential to increase long-term debt and reduce federal assistance [3]. - The bill raises the federal debt ceiling by $5 trillion, with the Congressional Budget Office estimating a potential increase in the budget deficit by $3.4 trillion over the next decade [3]. Group 4: Future Outlook for Gold - Analysts predict that gold will continue to perform well in the first half of 2025, but may face challenges in maintaining upward momentum due to improved market risk sentiment and potential shifts in liquidity [4]. - The likelihood of a Federal Reserve rate cut remains high, influenced by ongoing economic pressures and political pressures from President Trump [5]. - The gold market is expected to enter a critical phase of supply and demand dynamics, with geopolitical factors contributing to price volatility [6].