金价跌破3310美元，特朗普：美联储必须降息

Core Viewpoint - The article discusses the recent decline in gold prices and highlights the potential risks affecting the gold market, particularly in relation to U.S. monetary policy and geopolitical factors [2]. Group 1: Gold Market Analysis - On July 28, spot gold prices fell to $3310 per ounce, marking the first decline since July 17 [1]. - Domestic precious metal prices also saw a general decline, with SHFE gold dropping by 0.33% and the China Gold Group's base gold price at 769.4 yuan per gram, down 0.21% [2]. - Investors are advised to remain cautious following a previous surge in gold prices, with three key risks identified: 1. U.S. Federal Reserve dynamics, where a rebound in inflation data or hawkish comments from officials could lead to rising interest rate expectations, diminishing gold's appeal [2]. 2. A potential easing of trade and geopolitical risks, which could result in funds moving away from safe assets, negatively impacting gold demand [2]. 3. Structural arbitrage in funds, where high-frequency and algorithmic trading may cause short-term fluctuations in gold prices, increasing the cost of chasing higher prices if market expectations align [2].