金价，突发！

Core Viewpoint - The price of spot gold has declined to $3,310 per ounce, marking the first drop since July 17, 2023 [1] Group 1: Gold Market Performance - On July 28, the spot gold price reached a low of $3,310.640, down by $27.580 or 0.83% from the previous close of $3,336.220 [2] - The highest price recorded for gold on that day was $3,345.350, while the lowest was $3,301.465 [2] - Domestic gold prices in China also fell, with the China Gold Group's base gold price reported at 769.4 yuan per gram, down 0.21% [2] Group 2: Risks to Gold Investment - Three key risks to gold investment have been identified: 1. Federal Reserve dynamics, where a rebound in inflation data or hawkish signals from Fed officials could lead to rising interest rate expectations, diminishing gold's appeal [3] 2. A potential easing of trade and geopolitical risks, which could result in funds moving away from safe assets, negatively impacting gold demand [3] 3. Structural arbitrage in funds, where high-frequency and algorithmic trading may cause short-term fluctuations in gold prices, increasing the cost of chasing higher prices if market expectations align [3]