特朗普态度缓和，避险情绪退潮，黄金陷高位震荡

Core Viewpoint - The recent fluctuations in gold prices are driven by geopolitical tensions and the subsequent easing of those tensions, particularly related to President Trump's stance on Greenland, which has influenced market sentiment and investment behavior [1][2]. Group 1: Market Reactions - On January 21, 2026, gold prices reached a historical high of $4,880 due to rising risk aversion stemming from escalating US-European tensions [1] - Following President Trump's announcement of a framework agreement regarding Greenland, gold prices experienced a significant drop, falling below $4,760 during trading before slightly recovering to close at $4,836.20 per ounce, marking a 1.48% increase in COMEX gold futures [1] - The gold ETF 华夏 (518850) rose by 2.96%, while the gold stock ETF (159562) increased by 5.73%, and the non-ferrous metals ETF (516650) gained 2.8% [1] Group 2: Long-term Trends - Analysts note that the recent adjustment in gold prices reflects the dual nature of safe-haven assets, which shine during crises but face profit-taking pressures when risks diminish [2] - Despite the short-term fluctuations, the long-term upward trend in gold prices is supported by ongoing global economic uncertainties, including persistent geopolitical tensions, inflationary pressures, and supply chain vulnerabilities, which are expected to continue into 2026 [2]