光大期货0205黄金点评：美伊谈判一波三折，金价走势反复

Core Viewpoint - The article discusses the recent fluctuations in gold prices, influenced by economic data and geopolitical developments, particularly the US-Iran negotiations [2][6]. Economic Data Summary - COMEX gold prices rose initially but closed at $4986.4 per ounce, reflecting a 1.04% increase, while domestic SHFE gold prices fell to 1113.78 yuan per gram, down 0.64% [2][6]. - The ISM reported that the January services PMI was 53.8, unchanged from December and at the highest level since October 2024, indicating better-than-expected performance, although the new orders index showed a slowdown [2][6]. - The ADP reported an addition of 22,000 jobs in January, significantly below the market expectation of 45,000, suggesting a weakening labor market which may raise expectations for interest rate cuts [2][6]. Geopolitical Developments Summary - The US announced the resumption of negotiations with Iran, which were previously on the verge of collapse, scheduled for February 6 [2][6]. - The fluctuations in gold prices are closely tied to geopolitical factors, particularly the US-Iran talks, which may influence the potential for gold prices to strengthen again [2][6]. - The article notes that the volatility in geopolitical situations complicates market predictions, indicating that trends remain unclear and require further observation [2][6].