光大期货0122黄金点评：TACO交易再现，金价上行驱动减弱

Core Viewpoint - The article discusses the recent developments in the gold market and geopolitical tensions, particularly focusing on Trump's announcement regarding Greenland and its impact on market sentiment and gold prices [2][4]. Gold Market Summary - COMEX gold prices rose to $4836.2 per ounce, marking a 1.48% increase, while domestic SHFE gold prices closed at 1091.8 yuan per gram, up by 1.09% [2][4]. - The market reacted to Trump's announcement of a framework agreement with NATO Secretary General Stoltenberg regarding Greenland, which temporarily postpones the planned tariff increases on European countries set to take effect on February 1 [2][4]. Market Sentiment and Stock Performance - The easing of tensions between the U.S. and Europe was interpreted as a "TACO" moment, leading to a recovery in risk sentiment, reflected in a 1.2% increase in the S&P 500 index [2][4]. - The reduction in risk aversion contributed to a decline in gold prices, indicating a shift in market dynamics [2][4]. Federal Reserve Outlook - The upcoming Federal Reserve meeting is anticipated, with Trump suggesting he may have selected a candidate for the Fed chair position, hinting at a preference for someone akin to Alan Greenspan [5]. - Reports indicate that the U.S. Supreme Court may reject Trump's request to dismiss Fed Governor Cook, reinforcing the independence of the Federal Reserve and altering market expectations regarding precious metals [5].