Core Viewpoint - The article discusses the recent significant decline in gold prices, driven by various factors including easing global trade tensions and adjustments in market expectations regarding future gold prices [1][4][7]. Group 1: Gold Price Decline - Gold prices fell sharply, with a drop of 2.1% to below $3200 per ounce, continuing to decline to around $3150 per ounce [1][10]. - The domestic gold jewelry prices have also seen a notable decrease, with major brands like Chow Tai Fook and Luk Fook dropping below 1000 yuan per gram [2][4]. Group 2: Market Influences - The easing of the global tariff war has led Citigroup to significantly lower its gold price forecast from $3500 to $3150 per ounce, a reduction of 10% [4]. - Analysts suggest that while the long-term trend for gold may still be upward, short-term momentum has weakened due to increased trading disagreements and a strong dollar [3][9]. Group 3: Technical and Economic Factors - The failure of gold prices to maintain above the psychological level of $3200 per ounce has intensified selling pressure, compounded by a moderate U.S. CPI data that cooled expectations for significant Fed rate cuts [7][9]. - The largest gold ETF, SPDR, has seen a decline in holdings from 957.17 tons to 936.51 tons, indicating reduced investor interest [4]. Group 4: Future Outlook - Despite the current downturn, some analysts believe this could be a buying opportunity, with expectations that gold prices may rise again due to ongoing geopolitical uncertainties and inflation risks [8][9]. - Morgan Stanley predicts that gold prices could reach $6000 per ounce by 2029, reflecting a potential increase of about 80% from current levels [9].
金价一度击穿3150美元!饰金全线跌破千元
21世纪经济报道·2025-05-15 07:09