富格林：黑幕冻结妥当高效 关税大消息曝光

Core Viewpoint - The recent decline in gold prices is attributed to optimistic sentiments regarding trade agreements between the U.S. and its partners, alongside a strengthening dollar and rising U.S. Treasury yields, which collectively exerted downward pressure on gold prices [2][4]. Group 1: Gold Market Analysis - On July 8, spot gold prices fell over 1%, briefly dropping below the $3,300 per ounce mark, marking a new low in over a week [1][2]. - The decline in gold prices is influenced by multiple factors, including optimistic trade negotiations, a stronger dollar, and rising U.S. Treasury yields, as well as the complexities introduced by Trump's tariff policies [2][4]. - In June, the People's Bank of China continued to increase its gold reserves for the eighth consecutive month, reflecting China's strategic emphasis on gold amid global monetary uncertainties [4]. Group 2: Future Outlook for Gold Prices - Analysts predict that gold prices will continue to rise in the second half of the year, with expectations for prices to reach $3,700 per ounce in Q3 and potentially $4,000 by year-end [9]. - The first half of 2025 saw gold prices increase by 25%, setting new records and significantly outperforming the previous year's highs, driven by inflation risks and geopolitical tensions [8][9]. - The market consensus remains bullish on gold, with analysts emphasizing the importance of aligning with market trends rather than attempting to counter them [9].