黄金早参|美伊局势持续升级，美联储票委谨慎降息表态，金价高位震荡

Core Viewpoint - The gold price has been on the rise due to increasing geopolitical risks, with a peak of over $4,650 per ounce, but experienced a slight pullback influenced by the release of the U.S. Beige Book and cautious statements from Federal Reserve officials regarding interest rate cuts [1] Group 1: Market Performance - As of the close, COMEX gold futures rose by 0.76% to $4,633.90 per ounce [1] - The China Gold ETF (518850) increased by 1.39%, while the Gold Stock ETF (159562) rose by 2.13%, and the Nonferrous Metals ETF (516650) gained 0.95% [1] Group 2: Economic Indicators - The U.S. State Department issued a third warning urging American citizens to leave Iran immediately [1] - The Beige Book indicated that economic activity in most U.S. regions has seen recent growth [1] - Several Federal Reserve district officials reiterated the possibility of moderate interest rate cuts within the year, emphasizing the importance of central bank independence for maintaining price stability [1] Group 3: Market Analysis - The current rally in precious and nonferrous metals is primarily driven by a combination of market risk aversion and expectations regarding monetary policy [1] - There is still potential for long-term price increases in metals, although short-term market volatility may intensify [1]