黄金，回调！机构最新观点来了

Core Viewpoint - The recent decline in gold prices is attributed to improved global market risk sentiment, driven by legal rulings on U.S. tariffs and easing geopolitical tensions, despite the long-term investment value of gold remaining significant [2][3][4]. Group 1: Market Dynamics - The U.S. International Trade Court ruled on May 28 that the Trump administration's tariff policies were illegal, which boosted market risk appetite and led to a sell-off in gold, causing spot gold prices to drop below $3,300 per ounce [2][3]. - Gold prices have shown increased volatility this year, initially rising to historical highs before entering a phase of adjustment, leading to investor uncertainty [3][4]. - Key factors contributing to the recent adjustment in gold prices include breakthroughs in global tariff negotiations, easing geopolitical conflicts, and profit-taking by investors who had previously accumulated significant gains [4][5]. Group 2: Long-term Outlook - Despite the recent price adjustments, gold is expected to maintain long-term support due to ongoing demand for safe-haven assets amid uncertainties in trade negotiations and inflationary pressures in the U.S. economy [6][7]. - The Federal Reserve's ongoing interest rate cuts are anticipated to benefit gold, with expectations of three rate cuts within the year, which could further enhance gold's appeal as an investment [7]. - Strong demand from central banks and global investors is likely to drive gold prices higher, with predictions suggesting that gold could reach $5,000 per ounce by 2030, reflecting a bullish long-term outlook [8].