Core Viewpoint - The spokesperson of the National Bureau of Statistics, Fu Linghui, stated that the next phase of significantly reducing tariffs between China and the United States will benefit trade growth for both parties and contribute to the recovery of the global economy [1] Group 1 - The reduction of tariffs is expected to enhance trade growth between China and the United States [1] - This tariff reduction is also anticipated to support the recovery of the global economy [1]

Core Viewpoint - The recent decline in gold prices is primarily driven by the successful trade talks between China and the U.S., leading to increased demand for risk assets and a decrease in demand for safe-haven assets like gold [1][3]. Group 1: Factors Influencing Gold Prices - The recent drop in international gold prices from $3,500 to $3,200 is attributed to the successful U.S.-China trade negotiations, which have boosted the stock market and the dollar, consequently reducing the appeal of gold [1]. - The inverse relationship between the dollar and gold prices is highlighted, with the dollar rebounding from 99 to 108, leading to a corresponding decline in gold prices [1]. - The significant rise in gold prices over the past two years, from $2,000 to $3,500, is noted as a contributing factor to the current price correction [1]. Group 2: Future Outlook for Gold - The current downtrend in gold prices is viewed as an adjustment phase rather than a short-term fluctuation, with expectations of a prolonged downward adjustment due to reduced market anxiety following the trade talks [3]. - The potential for a global economic recovery is discussed, with countries likely to cooperate with the U.S. to address its $36 trillion debt issue, which could stabilize the dollar and the global economy [5]. - The expectation is that gold will enter a slow decline, akin to a "slow bear" market, with intermittent rebounds influenced by unforeseen events, particularly those related to U.S. politics [7]. - Long-term projections suggest that while gold may experience a downtrend in the short to medium term, it could eventually surpass $3,500 and potentially reach $4,000 or $5,000 over a five to ten-year horizon [8]. Group 3: Investment Recommendations - It is advised that individuals should not hastily invest in gold at this time, but those with sufficient funds for long-term investment may consider a small allocation, as there is potential for future price recovery [10]. - The recommendation emphasizes a rational approach to gold investment, particularly for inflation hedging, while avoiding impulsive decisions driven by market trends [10].