黄金今日行情走势要点分析（2025.7.9）

Fundamental Analysis - Optimism in trade negotiations has weakened the appeal of safe-haven assets like gold, as President Trump postponed the implementation of tariffs on 14 countries to August 1, providing a three-week buffer for negotiations [3] - The strong US dollar, which rose 0.3% to 97.83, continues to exert pressure on gold prices, supported by positive expectations regarding the US economy and a strong June employment report [4] - Rising US Treasury yields, with the 10-year yield reaching 4.435% and the 30-year yield at 4.974%, increase the opportunity cost of holding non-yielding assets like gold, thereby reducing its attractiveness [5] - Trump's announcement of a 50% tariff on imported copper and impending tariffs on semiconductors and pharmaceuticals may raise inflation expectations, enhancing gold's long-term appeal as an inflation hedge, but could also delay Fed rate cuts, limiting short-term price increases [6] Technical Analysis - On the daily chart, gold has shown a downward trend since being resisted at 3365/3366, with current moving averages indicating a bearish outlook [8] - Key resistance levels are identified at 3320 and 3346, while support levels are at 3287 and 3276, with a significant trendline support at 3247/3245 [10] - The four-hour chart indicates a continuation of the downward trend, with resistance levels at 3316/3324 and support at 3283/3278, suggesting a cautious approach until a clear trend reversal is observed [10] Key Events to Watch - Upcoming economic data releases include China's June CPI, New Zealand's interest rate decision, and the US wholesale sales data, which may influence market sentiment and gold prices [12]