国际金价“跳水”，现货跌破2900美元

Core Viewpoint - The international gold prices have recently experienced significant fluctuations, with spot prices dropping below $2900 per ounce, influenced by various geopolitical and market factors [1][2]. Group 1: Price Movements - As of February 27, the London gold spot price fell by 0.81% to $2892.31 per ounce, while COMEX gold futures dropped by 0.81% to $2906.8 per ounce [1]. - On February 25, the London gold spot closed down 1.29% at $2914.52, and COMEX gold fell 1.36% to $2928.6 per ounce [1]. - The overall trend for the first two months of 2025 shows a notable increase in international gold prices, with COMEX futures rising by 10% from $2641 per ounce and spot prices increasing by 10.23% from $2623.82 per ounce [2]. Group 2: Influencing Factors - The decline in gold prices is attributed to the narrowing price gap between spot and futures gold, alongside diminishing demand for physical gold, leading to a slowdown in inventory replenishment in the New York precious metals market [2]. - Geopolitical developments, particularly the anticipated visit of Ukrainian President Zelensky to Washington and the signing of agreements related to rare earth minerals, have contributed to market expectations that the Russia-Ukraine conflict may be nearing resolution, further pressuring gold prices [2]. - Five key factors driving the overall increase in gold prices include: 1. Uncertainty surrounding Trump's tariff policies, which has heightened market risk aversion 2. Increased price differentials between spot and futures gold prompting arbitrage trading 3. Continuous accumulation of gold reserves by global central banks 4. Sustained validation of inflation resilience in the U.S. economy, enhancing gold's anti-inflation appeal 5. Rising safe-haven demand due to global geopolitical risks [2].