LBX(SH:603883) Sou Hu Cai Jing·2025-08-11 16:47Group 1 - The international spot gold price declined on August 11, 2025, primarily due to weakened expectations for Federal Reserve interest rate cuts, a stronger dollar, and a rebound in global risk appetite [1] Group 2 - The adjustment in market expectations regarding the Federal Reserve's interest rate cut schedule for 2025 has led to a stronger dollar index, reducing the attractiveness of gold as a non-yielding asset [2] - If core inflation in the U.S. remains sticky, a prolonged high interest rate environment may continue to suppress gold prices [2] Group 3 - A rebound in global risk appetite, driven by strong performance in equity markets (such as U.S. and A-shares) or easing geopolitical tensions, may lead to a shift of funds from gold to risk assets [3]