地缘缓和与宏观施压沪金应声回落

Core Viewpoint - The geopolitical tensions have eased, leading to a decrease in safe-haven demand for gold, resulting in a short-term bearish trend in gold futures prices [3]. Group 1: Market Conditions - Gold futures are currently trading around 904.88 yuan per gram, with a decline of 0.90%, having reached a high of 921.40 yuan and a low of 898.06 yuan [1]. - The market's risk aversion has significantly decreased following the agreement between Israel and Hamas to release hostages, which is seen as a crucial step towards ending their prolonged conflict [3]. Group 2: External Influences - The U.S. dollar index has risen to its highest level in nine weeks, negatively impacting precious metal prices [3]. - The yield on the U.S. 10-year Treasury bond remains stable around 4.13%, contributing to the unfavorable environment for gold and silver [3]. Group 3: Technical Analysis - Key resistance levels for gold futures are identified between 920 yuan per gram and 940 yuan per gram, while important support levels are between 850 yuan per gram and 880 yuan per gram [4].