突然，大跳水！关税，传来新消息

Core Viewpoint - Gold prices have experienced a significant drop, with a decline of over $50 on May 1, marking a continuous downward trend due to reduced demand for safe-haven assets amid easing international trade tensions [1][4][6]. Group 1: Recent Price Movements - On May 1, spot gold prices fell to $3240.62 per ounce, a decrease of 1.45% [1][2]. - The price of gold has been on a downward trajectory for three consecutive days, with notable declines of 0.81% and 0.85% on the preceding days [4][6]. - The recent peak of gold prices reached $3500 per ounce, but the market is now adjusting following this high [6][10]. Group 2: Market Influences - Analysts attribute the decline in gold prices to a decrease in demand for safe-haven assets as trade tensions appear to be easing, with the U.S. government indicating potential trade agreements [4][10]. - U.S. Trade Representative Jamison Greer mentioned that preliminary trade agreements could be announced soon, which may lead to reduced tariffs on trade partners [5][9]. - The market sentiment has shifted from panic selling to cautious optimism due to the U.S. administration's willingness to engage in trade negotiations [10][11]. Group 3: Economic Indicators - Recent data has raised concerns about the U.S. economy, with the first quarter showing a contraction for the first time since 2022, attributed to a surge in imports and reduced government spending [9][10]. - Investors are closely monitoring upcoming economic data, including the personal consumption expenditure price index and the monthly non-farm payroll report [9][10]. - Despite the recent downturn, forecasts suggest that gold prices could rebound, with predictions of reaching $3590 per ounce by the end of the second quarter and $3800 by year-end [9][10].