黄金再次于3400美元区域遇阻回落，投资者兑现黄金收益

Group 1 - The core viewpoint of the news highlights the recent performance and trading activity of the gold ETF fund (159937), which has seen a slight decline of 0.3% as of August 19, 2023, with a trading volume of 1.70 billion yuan and a turnover rate of 0.6% [1][2] - Over the past three months, the gold ETF fund has accumulated a rise of 3.34%, while the average daily trading volume over the past month has been 6.71 billion yuan [1] - Current spot gold prices are trading at approximately $3,338 per ounce, with a slight increase of 0.17%, while COMEX gold futures are reported at $3,381.4 per ounce, reflecting a 0.1% rise [2] Group 2 - The upcoming Jackson Hole Global Central Bank Conference from August 21 to 23 is expected to be a focal point for global financial markets, with Federal Reserve Chairman Jerome Powell's speech anticipated to address future monetary policy and the Fed's independence [3] - Market expectations indicate a greater than 92% probability of a 25 basis point rate cut by the Federal Reserve in September, with at least one more cut expected within the year [3] - The gold market has faced resistance around the $3,400 level recently, influenced by stronger-than-expected PPI data and geopolitical developments, leading to a reduction in net long positions in COMEX gold [4] Group 3 - As trade agreements between multiple countries and the U.S. have reduced market sentiment, the potential for inflation to be offset by tariff revenues is putting pressure on gold prices [5] - The technical outlook suggests that international gold prices are forming a triangle pattern, with resistance at the previous high of $3,450, indicating a need for stronger momentum for a breakout [5] - The gold ETF fund and its associated funds provide a low-cost, diversified trading option for investors, with a long-term view on gold's role in hedging against economic downturns [5]