失守3400美元关口，关税担忧解除带动金价大幅回落

Group 1 - Recent fluctuations in gold prices have seen a significant increase followed by a decline, with prices dropping below the $3400 mark this week [1][2][3] - Last week, gold prices rose significantly, with the Shanghai gold futures price increasing by 2.22% to 787.80 CNY per gram and COMEX gold futures rising by 1.24% to $3458.20 per ounce [2] - The market is currently focused on potential interest rate cuts by the Federal Reserve, with a 95% probability of a rate cut expected in September, which may support gold prices [8] Group 2 - The recent U.S. inflation data has shown a mixed performance, with the core CPI rising to 3.1%, while the overall CPI remained stable at 2.7%, influencing market expectations for the Federal Reserve's monetary policy [6][8] - The upcoming U.S. Producer Price Index (PPI) and retail sales data are anticipated to impact gold prices, along with statements from key Federal Reserve officials [8] - Long-term outlook for precious metals remains positive due to ongoing geopolitical risks, trade tensions, and central bank gold purchases, despite short-term fluctuations [8]