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Group 1 - The core point of the article is the significant decline in gold prices, attributed primarily to the strengthening of the US dollar, which has reduced gold's appeal to holders of other currencies [1][3] - Gold prices fell to $3306.78 per ounce, down 1.07% from an opening price of $3343.63, with a daily high of $3349.78 and a low of $3292.38 [1][3] - The US dollar index rebounded strongly, reaching a high of 99.42, with a daily increase of 0.4%, marking its best performance in nearly two weeks [3] Group 2 - Investor caution is heightened due to uncertainties surrounding the US fiscal outlook, with concerns that government debt may increase by an additional $3.8 trillion over the next decade [3] - Despite worries about rising government debt, there has not been a surge in safe-haven buying of gold, as the market is more focused on the Federal Reserve's interest rate policies [3] - Recent hawkish comments from Federal Reserve officials have led traders to bet on a potential resumption of interest rate cuts after September, but gold may continue to face pressure from the high interest rate environment in the meantime [3]

Core Viewpoint - The postponement of high tariffs on the EU by President Trump has eased market concerns over global trade conflicts, reducing demand for gold as a safe-haven asset. However, multiple macroeconomic risks continue to limit the downside potential for gold prices [1]. Group 1: Market Dynamics - COMEX gold is currently trading at $3338.20 per ounce, down 0.58%, with a daily high of $3356.00 and a low of $3329.30 [2]. - The opening price today was $3355.60, indicating a downward trend in the short term [1][2]. Group 2: Influencing Factors - The downgrade of the U.S. credit rating by Moody's from "AAA" to "AA1" has increased the attractiveness of gold as a safe-haven asset, putting pressure on the dollar [1]. - Concerns over global inflation and the U.S. fiscal outlook are expected to support gold prices despite short-term declines [1]. Group 3: Future Outlook - Analysts predict that gold prices will continue to rise by June 2025 due to factors such as the U.S. rating downgrade, ongoing gold purchases by Asian countries, and trade tensions [1]. - Key risk factors to monitor include the upcoming FOMC meeting minutes, trade negotiations between the U.S. and other major economies, and changes in market expectations regarding the dollar [1].

Core Viewpoint - Gold prices are experiencing slight pressure due to a delay in high tariffs on the EU announced by President Trump, which has reduced market concerns over global trade conflicts and subsequently weakened demand for gold as a safe-haven asset [2] Group 1: Market Dynamics - As of May 26, gold prices reported at $3347.54 per ounce, with a decline of 0.28%, reaching a high of $3356.32 and a low of $3331.05 during the session [1] - The overall trend for gold last week was a volatile upward movement, with a weekly low of $3204 and a high of $3365, closing the week at $3359 [2] Group 2: Influencing Factors - The delay in tariff implementation has temporarily pressured gold prices, but concerns over global inflation and the U.S. fiscal outlook continue to support gold's value [2] - Moody's downgrade of the U.S. long-term credit rating from "AAA" to "AA1" has increased the attractiveness of gold as a safe-haven asset, putting additional pressure on the dollar [2] - Analysts predict that gold prices will continue to rise, influenced by the U.S. rating downgrade, ongoing gold purchases by major Asian countries, and trade-related anxieties [2]

Group 1 - Global investors are reducing their exposure to the US dollar due to concerns about the fiscal outlook [1] - Selling the dollar has become the most compelling trade since 2025, surpassing the appeal of purchasing government bonds [1] - The euro is likely to be the biggest beneficiary of the reduced demand for the dollar [1]