金价小幅反弹，中美重启经贸会谈，市场谨慎观望

Group 1 - The core viewpoint of the articles revolves around the fluctuations in gold prices and the impact of economic factors such as U.S. Federal Reserve policies and international trade agreements [3][5][6] - As of July 29, 2023, the gold ETF (159937) decreased by 0.43% with a trading volume of 1.33 billion yuan, indicating a decline in investor interest [1] - Spot gold prices reached a low of $3,310 per ounce on July 28, marking the first drop since July 17, but showed a slight recovery to $3,319.49 per ounce by July 29, reflecting a short-term bullish trend [3] Group 2 - The U.S.-China trade talks held in Stockholm on July 28 are expected to influence market uncertainty and gold demand [4] - President Trump has been pressuring the Federal Reserve to lower interest rates, which currently range from 4.25% to 4.50%, but the Fed is likely to maintain its stance due to strong employment data [5] - Analysts from Huatai Securities predict that the Fed will likely hold rates steady in the upcoming meeting on July 31, with future rate decisions dependent on economic data from July and August [5][6] Group 3 - Recent factors affecting gold prices include the reduction of market uncertainty due to the U.S.-Europe trade agreement and ongoing geopolitical tensions [6] - The upcoming FOMC meeting and non-farm payroll data are critical events that could influence market sentiment and gold prices [6] - Gold ETFs and related funds provide investors with a low-cost, diversified way to invest in gold, with the potential for long-term value appreciation [7]