机构看金市：7月11日

Group 1 - The core viewpoint indicates that gold prices are expected to remain volatile due to various factors including geopolitical tensions, tariff policies, and economic uncertainties [1][2][3] - The recent U.S. jobless claims data shows a decline, which may influence the Federal Reserve's decision on interest rates, adding to the uncertainty in monetary policy [1][2] - Analysts suggest that the reasonable valuation for gold over the next three years is around $2,990 per ounce, influenced by the global central banks entering a loosening cycle [2] Group 2 - Metals Focus reports that the downside potential for gold prices in the second half of the year is limited due to ongoing economic uncertainties supporting investment demand [3] - The impact of tariffs on inflation may take time to fully affect consumers, contributing to the risk of economic stagnation [3] - Concerns over unsustainable global debt levels are also seen as a factor supporting the long-term upward trend in gold prices [3]