Group 1 - The current spot gold price is trading around $3,327.49, with a slight decline of 0.30% as of the latest update, indicating a short-term sideways trend [1] - The highest price reached was $3,340.35, while the lowest was $3,327.49 during the trading session [1] Group 2 - A recent summit between President Putin and President Trump focused on potential compromises regarding the Ukraine situation, although specific details were not disclosed [2] - The Kremlin's proposed peace agreement framework includes adjustments to territorial claims, with Russia controlling approximately 88% of the Donbas region and 73% of the Kherson area [2] - Ukraine's President Zelensky emphasized the strategic importance of the eastern industrial region, indicating significant differences in positions between the two parties [2] Group 3 - The gold market is currently experiencing a bearish trend, with key resistance levels identified at $3,352 and a critical support level at $3,350 [3] - The analysis suggests that if the price breaks below the four-hour support level, it may accelerate downward, with target areas identified at $3,335, $3,320, $3,310, and $3,280 [3]

Core Viewpoint - The gold market is experiencing downward pressure due to a combination of factors, including increased supply, reduced demand for safe-haven assets, and competition from virtual currencies [1][4][5]. Price Trends - As of August 21, the price of gold in the Shanghai Gold Exchange was 771.83 CNY per gram, a slight increase from the previous day's closing price of 770.24 CNY per gram [1]. - London gold prices were reported at 3344.34 USD per ounce, down 2.41 USD from the previous day, reflecting a decline of 0.07% [1]. - Compared to the peak earlier in the year, both international and domestic gold prices have shown a downward trend, with London gold prices dropping over 55 USD per ounce in two weeks and Shanghai gold prices decreasing over 46 CNY per gram since April [4]. Market Dynamics - The decline in gold prices is attributed to a reduction in demand for safe-haven assets due to easing geopolitical tensions, leading to lower investment in gold [4][5]. - The rise of virtual currencies, perceived as stable alternatives to gold, is diverting investment away from the gold market, further pressuring gold prices [5][6]. - Concentrated selling by gold holders facing liquidity pressures has exacerbated the downward trend in gold prices, disrupting the supply-demand balance [5]. Future Outlook - Short-term predictions indicate that gold prices may continue to face downward pressure, although the extent of the decline is expected to be limited [6]. - In the medium to long term, the overall trend for gold prices remains positive, supported by the global monetary system's shift towards lower interest rates, which may provide upward momentum for gold [6].

Core Viewpoint - The gold price is expected to fluctuate between $3200 and $3600 per ounce in the short term, with current trading around $3300 to $3400 per ounce, influenced by geopolitical factors and U.S. monetary policy [1][2]. Group 1: Market Dynamics - The recent gold market has shown slight fluctuations, with London gold prices experiencing minor movements within the $3300 to $3400 range [1]. - The easing of the global tariff war has led to U.S. gold imports not being subjected to tariffs, contributing to the price stability [1]. - After reaching $3400 per ounce, gold prices retreated, and the premium of New York over London decreased from $100 to $55 per ounce [1]. Group 2: Economic Indicators - Following disappointing non-farm payroll data, the Consumer Price Index (CPI) has continued to meet expectations, although the credibility of the data is perceived to be declining [1]. - The market still anticipates a 25 basis point rate cut by the Federal Reserve in September, despite cautious statements from the Fed and increasing internal divisions among officials [1]. Group 3: Central Bank Activity - High gold prices are suppressing physical consumption and dampening investment enthusiasm, yet central banks continue to increase their gold holdings [2]. - The People's Bank of China added 60,000 ounces of gold in July, marking the ninth consecutive month of increases, which may provide ongoing support for gold prices if this trend continues [2].

Group 1 - The Jackson Hole annual meeting is a significant global central bank policy indicator, second only to interest rate decision meetings, and serves as a key platform for the Federal Reserve to release major policy signals [1] - At the Jackson Hole meeting on August 25, 2024, Federal Reserve Chairman Powell indicated that the timing for interest rate cuts had arrived and emphasized the need to prevent further cooling of the job market [1] - Following this, on September 18, 2024, the Federal Reserve announced a 50 basis point reduction in the federal funds rate target range to between 4.75% and 5.00%, marking the first rate cut in four years, which led to a surge in gold prices [1] Group 2 - On the day of reporting, the Shanghai gold price fell by 0.35%, closing at 772.68 yuan per gram [3] - According to Guangfa Futures, the market sentiment has weakened following trade agreements between multiple countries and the U.S., with tariff revenues partially offsetting inflationary pressures, thus supporting dollar assets [4] - Despite deteriorating U.S. economic data in July and significant government deficit pressures in a high interest rate environment, market demand for safe-haven assets remains [4] - The international gold price is currently facing resistance at the previous high of 3450 USD, and a stronger breakthrough is needed, with attention on the outcomes of the U.S.-Russia-Ukraine leadership meetings and Powell's statements at the central bank meeting [4] - Gold prices are expected to fluctuate within the range of 3300-3400 USD, with recommendations to construct bullish spread strategies through gold call options during price pullbacks [5]

Group 1: Domestic Gold Market Dynamics - Domestic gold prices have seen a decline, with some brands dropping below 1000 yuan per gram, while others maintain prices around 1002 yuan per gram, which is currently the highest price among gold stores [1] - The price range between the highest and lowest gold prices in stores has narrowed to 21 yuan per gram, indicating a more stable pricing environment [1] - Specific gold prices from various brands on August 20, 2025, include: Lao Miao at 997 yuan (down 5), Liu Fu at 1002 yuan (no change), and Shanghai China Gold at 981 yuan (lowest price) [1] Group 2: Platinum and Recycling Prices - Platinum prices have also decreased, with a notable drop of 8 yuan per gram for Chow Sang Sang's platinum jewelry, now priced at 533 yuan per gram [1] - The gold recycling price has slightly decreased by 3.6 yuan per gram, with significant differences in recycling prices among brands, such as 758.70 yuan for general gold and 771.50 yuan for Lao Feng Xiang [2] Group 3: International Gold Price Trends - The spot gold price experienced a significant drop of 30 USD, closing at 3315.03 USD per ounce, reflecting a decline of 0.52% [4] - As of the latest update, spot gold is showing a slight upward trend, currently at 3320.45 USD per ounce, with a gain of 0.16% [4] - The decline in gold prices is attributed to a stronger US dollar and easing geopolitical tensions, alongside profit-taking by investors after a price surge [4] Group 4: Market Sentiment and Federal Reserve Expectations - Investor sentiment is cautious ahead of the Federal Reserve's upcoming monetary policy meeting, with an 84.9% probability of a 25 basis point rate cut in September [4] - The market is awaiting further data to clarify the direction of gold prices, with expectations of continued volatility in both domestic and international gold markets [4]

Price Trends in Domestic Gold Market - Domestic gold prices remain stable, with only Chow Sang Sang's gold price decreasing by 3 CNY per gram to 1004 CNY per gram, the highest among brands [1] - Shanghai China Gold maintains the lowest price at 981 CNY per gram, with the price difference between the highest and lowest brands narrowing to 23 CNY per gram [1] - The latest gold prices from various brands are as follows: Lao Miao, Liufu, Chow Tai Fook, and Jin Zun all at 1002 CNY per gram; Lao Feng Xiang at 1004 CNY per gram; and Cai Bai at 982 CNY per gram [1] Platinum Price Movement - Platinum prices have also seen a decline, with Chow Sang Sang's platinum jewelry price dropping by 6 CNY per gram to 541 CNY per gram [1] Gold Recycling Prices - The gold recycling price has slightly decreased by 0.7 CNY per gram, with significant price differences among brands [2] - The current recycling prices are as follows: 762.30 CNY per gram for gold, 767.80 CNY for Cai Zi, 760.10 CNY for Chow Sang Sang, 766.40 CNY for Chow Tai Fook, and 775.10 CNY for Lao Feng Xiang [2] International Gold Market Overview - The international spot gold price experienced fluctuations, initially rising to 3358.24 USD per ounce before falling to a closing price of 3332.25 USD per ounce, reflecting a decrease of 0.10% [4] - As of the latest update, spot gold is trading at 3338.79 USD per ounce, showing an increase of 0.20% [4] - The recent decline in gold prices was attributed to market speculation regarding the progress of talks, leading to profit-taking pressure [4] - Market sentiment was slightly alleviated by U.S. President Trump's announcement of a potential meeting between Putin and Zelensky, although skepticism remains regarding the outcomes of such discussions [4] - The gold market is expected to remain volatile, with anticipation for the upcoming Federal Reserve meeting minutes and Powell's speech [4]

Group 1 - The core viewpoint of the news revolves around the significant diplomatic progress made between the U.S. and Russia regarding the Ukraine situation, with potential implications for peace negotiations and geopolitical stability [2][3][5] - U.S. President Trump announced a meeting with Ukrainian President Zelensky, indicating a possible trilateral meeting involving the U.S., Russia, and Ukraine, which could pave the way for further discussions on the conflict [2][5] - The U.S. special envoy stated that Russia has agreed to include a "NATO-like Article 5" security guarantee for Ukraine in future peace talks, marking a notable concession from Russia [3] Group 2 - The gold market experienced a decline due to reduced geopolitical risks following the U.S.-Russia meeting, with gold prices dropping approximately 2% and falling below 3400 yuan per ounce [4][6] - Analysts noted that the decrease in market risk appetite was influenced by positive signals from the U.S.-Russia meeting and a joint statement from the U.S. and China, which alleviated concerns over trade tensions [4][6] - The rise in U.S. inflation, as indicated by the July PPI data, has led to decreased expectations for interest rate cuts by the Federal Reserve, further applying downward pressure on gold prices [4][6][7]

Group 1 - International gold prices experienced a significant decline, dropping nearly 2.5%, marking the largest single-day drop in three months [1] - On August 8, gold futures on the New York Mercantile Exchange reached a historic high of $3534.1 per ounce [1] - Following President Trump's announcement that gold would not be subject to tariffs, gold futures saw a drop of over 2% [3] Group 2 - The World Gold Council reported that global gold demand reached 1249 tons in Q2 2025, a 3% year-on-year increase, driven primarily by strong investment demand [3] - Despite a 14% year-on-year decline in global gold jewelry demand, the value of gold jewelry consumption increased [3] - Analysts expect U.S. monetary policy changes to support gold prices in the second half of the year, with central bank gold purchases providing a strong bottom support for prices [4]

Group 1 - The international gold price experienced a significant decline, dropping nearly 2.5%, marking the largest single-day drop in three months [1][2] - On August 8, gold futures on the New York Mercantile Exchange reached a historic high of $3534.1 per ounce [1][2] - The market reacted to concerns about potential tariffs on gold imports, particularly from Switzerland, which has substantial gold reserves [2][4] Group 2 - In Q2 2025, global gold demand reached 1249 tons, a 3% year-on-year increase, driven primarily by strong investment demand [4] - Despite a 14% year-on-year decline in gold jewelry demand, the value of global jewelry consumption increased [4] - Analysts expect U.S. monetary policy changes to support gold prices in the second half of the year, with a potential interest rate cut by the Federal Reserve in September [4]

Group 1: Domestic Gold Market Dynamics - Domestic gold prices continue to decline, with minor fluctuations observed. The highest price today is from Chow Sang Sang at 1010 CNY/gram, down by 3 CNY, while Shanghai China Gold remains stable at 981 CNY/gram, the lowest price among major brands. The price difference between the highest and lowest gold stores has narrowed to 29 CNY/gram [1][3] - The latest prices from various gold brands are as follows: Lao Miao Gold at 1004 CNY/gram (down 9), Liufeng Gold at 1008 CNY/gram (down 7), Chow Tai Fook Gold at 1008 CNY/gram (down 7), and Zhou Liufu Gold at 998 CNY/gram (up 3) [1][3] Group 2: Platinum Prices and Recovery Rates - Platinum prices have rebounded, with Chow Sang Sang's platinum jewelry price increasing by 9 CNY/gram to 545 CNY/gram. The gold recovery price has also seen a slight decline of 4.6 CNY/gram [4] - The gold recovery prices from various brands are as follows: Cai Bai Gold at 763.90 CNY/gram, Zhou Shengsheng Gold at 769.40 CNY/gram, Zhou Tai Fook Gold at 768.00 CNY/gram, and Lao Fengxiang Gold at 776.70 CNY/gram [4] Group 3: International Gold Market Overview - Last Friday, spot gold experienced a downward trend, dropping from a high of 3400 USD/ounce to close at 3342.20 USD/ounce, a decline of 1.66%. As of the latest update, spot gold is trading at 3353.16 USD/ounce, up by 0.33% [6] - The recent drop in gold prices is attributed to President Trump's statement regarding tariffs on gold and reduced market risk appetite due to expectations of a ceasefire in the Russia-Ukraine conflict. Additionally, the strengthening of the US dollar has led some investors to take profits [6] - The market is awaiting the release of the US July CPI data, which could influence expectations regarding the Federal Reserve's interest rate decisions. Analysts suggest that if inflation data exceeds expectations, it may lead to a reduction in bets on a rate cut in September, potentially weakening gold's support [6]