协议进展神速，黄金避险降温！

Group 1 - The U.S. Treasury Secretary, Bessent, announced that the current trade truce agreement between the U.S. and China will expire on August 12, and he will meet with his Chinese counterpart in Stockholm to discuss potential extensions [1][3] - The discussions may cover broader topics, including China's continued purchase of sanctioned oil from Russia and Iran, and the U.S. hopes to see China reduce manufacturing overcapacity and focus on building a consumer economy [1][3] - Following the previous meetings, the U.S. has relaxed restrictions on low-end semiconductor sales, while China increased shipments of rare earth magnets in June [3] Group 2 - The largest gold ETF reported an increase in holdings by 11 tons recently, bringing total holdings to 954.8 tons, indicating strong bullish sentiment from major institutions [4] - The largest silver ETF, iShares Silver Trust, also saw significant buying, with total purchases of 500 tons over two days, reflecting a similar bullish outlook [4] Group 3 - International gold prices surged to around 3430, with a daily increase of over 50 USD, but there are concerns about potential resistance at the 3450 level due to profit-taking from previously trapped investors [6] - The market is advised to consider short positions initially, with resistance levels at 3330-3340 and support at 3410-3405, while further support is at 3390 [8]