黄金早参 | 避险需求提升，金价止跌反弹，短期底部或确认

Core Viewpoint - The article highlights the rebound in gold prices due to increased safe-haven demand stemming from heightened tensions in US-Russia relations and uncertainties in US fiscal policy [1] Market Performance - As of the close, COMEX gold futures rose by 1.91% to $4143.2 per ounce, while the gold ETF Huaxia fell by 1.19% and gold stock ETFs decreased by 0.28% [1] Geopolitical Factors - The postponement of a US-Russia meeting by Trump and the EU's formal approval of the 19th round of sanctions against Russia have contributed to the support of safe-haven sentiment [1] - The US Treasury Secretary announced sanctions against Russia's two largest oil companies, further influencing market dynamics [1] Market Analysis - According to CITIC Futures, after a gradual slowdown in the decline, precious metal prices experienced a slight rebound, with the US government shutdown continuing and overseas markets remaining in a data vacuum [1] - The short-term bottom for precious metals may be confirmed, with expectations of entering a phase of oscillation and adjustment [1] Future Outlook - Attention is drawn to the upcoming APEC meeting and the potential for US-China discussions, with a focus on the Federal Reserve's monetary policy, personnel changes, and geopolitical conflicts in the fourth quarter [1] - The long-term bullish trend for precious metals remains intact, with the contraction of US dollar credit being a core foundation, leading to an ongoing increase in the value of physical currency [1]