Group 1 - Gold prices experienced a rise of nearly $20, reaching a three-day high of $3369.53 per ounce, with a daily increase of approximately 0.57% [1][2] - COMEX gold futures reported a latest price of $3373.30 per ounce, reflecting a daily increase of 0.53% [1][2] Group 2 - The decline of the US dollar index from its late June peak has provided support for gold prices amid mixed signals from the Federal Reserve regarding policy [3] - There is a prevailing market expectation that the Federal Reserve may delay interest rate cuts until September, despite some anticipation of two 25 basis point cuts within the year [3] - President Trump's plan to impose new tariffs of up to 20% on multiple economies has increased uncertainty in global trade, enhancing the appeal of gold as a non-yielding asset [3] - The unexpected rise in the University of Michigan Consumer Sentiment Index to 61.8 indicates improved consumer optimism, which may limit further declines in the dollar [3] - Market focus is expected to shift towards global PMI data later in the week, with potential implications for gold prices depending on the outcomes [3]

Group 1: Gold Market Analysis - Gold prices have risen for the second consecutive trading day due to trade concerns stemming from U.S. tariff escalations and a weakened dollar, but remain within a short-term consolidation range [3] - The key resistance level for gold is around $3,370; a breakout above this level could target $3,400 and potentially $3,435 [3] - If gold prices fall to the $3,320 area or break below the critical support at $3,283, it may trigger technical selling pressure, potentially leading to a decline towards the June low of $3,248 [3] - The market sentiment is cautious due to mixed expectations regarding Federal Reserve interest rate cuts and a rebound in U.S. consumer confidence, resulting in an unclear short-term direction for gold [3] Group 2: Oil Market Analysis - The oil market is experiencing a tug-of-war due to new European sanctions and increased supply from Middle Eastern oil-producing countries, leading to limited price increases for Brent and WTI crude [6] - WTI crude is currently trading within a narrow range between the 20-day and 50-day moving averages, indicating a stalemate between bullish and bearish forces [6] - Technical indicators show that if oil prices break above $68, they may test resistance at $70.20; conversely, a drop below $65.30 could lead to a decline towards the $64.00 area [8] - The oil market is in a consolidation phase, reflecting high uncertainty regarding supply and demand outlooks, influenced by geopolitical pressures and upcoming tariffs [8]