金价，深夜突发！

Group 1 - The core point of the news is that gold prices have declined, with spot gold touching $3,310 per ounce for the first time since July 17 [1] - On July 28, domestic precious metal prices generally fell, with SHFE gold down 0.33% and physical gold prices also mostly declining, such as China National Gold Group's base gold price at 769.4 yuan per gram, down 0.21% [2][3] Group 2 - Three types of risks to watch for in the gold market include: 1) Federal Reserve dynamics, where a rebound in inflation data or hawkish Fed officials could raise interest rate expectations, weakening gold's appeal [3] 2) Trade and geopolitical risks, where a reduction in tariff threats before August 1 could lead to a withdrawal from safe assets, impacting gold demand [3] 3) Structural arbitrage in funds, where high-frequency and algorithmic trading may cause short-term fluctuations in key ranges, potentially increasing costs for chasing higher prices [3] Group 3 - President Trump reiterated the need for the Federal Reserve to lower interest rates, suggesting that even without a rate cut, the U.S. economy is performing well, but would perform better with a cut [4] - The current target range for the Federal Reserve's benchmark interest rate is between 4.25% and 4.50%, and Trump has expressed dissatisfaction with Fed Chairman Powell's reluctance to lower rates significantly [4]