机构：黄金期货横盘震荡 多空因素交织陷僵局

Core Viewpoint - Gold futures are experiencing sideways trading due to a lack of clear direction, influenced by mixed factors including delayed tariff imposition by the U.S. and a strengthening dollar, while geopolitical tensions and uncertainties continue to provide support [1] Group 1: Market Dynamics - Current gold prices are maintaining around $3,320 per ounce, with a cumulative decline of nearly 1% for the week [1] - The Trump administration's decision to postpone the so-called "reciprocal" tariffs until August 1 has weakened some safe-haven demand, leading to an increase in the dollar and U.S. Treasury yields, which competes with gold's appeal as a non-yielding asset [1] Group 2: Support Factors - Despite the competitive pressures from the dollar and bond yields, new tariff threats and ongoing trade uncertainties continue to provide some support for gold prices [1] - Central banks around the world are persistently purchasing gold, which helps to stabilize the bottom for gold prices [1]