金荣中国：现货黄金守住隔夜低点附近，小幅反弹

Fundamental Analysis - Gold prices experienced a decline, reaching a three-week low of $3301.29 per ounce, closing at $3314.44, marking a drop of approximately 0.66% [1] - The downward trend in gold prices is influenced by the strong rebound of the US dollar index, improved global risk appetite, and expectations regarding the Federal Reserve's interest rate policy [1] - The recent US-EU trade agreement has alleviated fears of a global economic downturn, boosting risk assets and putting pressure on gold as a safe-haven asset [4] - The US and EU have reached a trade agreement that sets import tariffs on EU goods at 15%, significantly lower than the previously threatened 30% [4] - The agreement includes a commitment from the EU to make strategic purchases worth up to $750 billion during Trump's term, further enhancing market optimism and reducing demand for gold [4] - Ongoing US-China trade talks provide some support for gold prices, as negotiations aim to extend the trade truce by 90 days, although no significant breakthroughs are expected [5] - The Federal Reserve is anticipated to maintain the current interest rate range of 4.25%-4.50%, with market expectations for a potential rate cut in September [6] Technical Analysis - The daily chart indicates a bearish trend for gold, with four consecutive days of declines suggesting strong selling pressure [8] - Short-term price movements may challenge the support level around $3250, with potential further declines if this level is breached [8] - Current trading activity shows gold prices stabilizing around the $3300 mark, with traders advised to monitor for potential short positions near $3330 [8] Market Sentiment - The US bond market reflects optimistic sentiment, with 10-year and 30-year Treasury yields rising to 4.414% and 4.962%, respectively [2] - The S&P 500 and Nasdaq indices continue to perform strongly, indicating a preference for risk assets among investors [2] - Despite the positive sentiment in equities, the upcoming earnings season and key economic data releases may introduce new volatility into the market [2]