Core Viewpoint - Despite recent fluctuations, gold prices are expected to trend upwards due to ongoing geopolitical risks and economic uncertainties, with predictions of reaching $3,500 per ounce in the short term [3][4]. Market Performance - On May 27, gold opened at $3,342.46 per ounce, peaked at $3,350.03, and dipped to a low of $3,324.34, closing at $3,325.49, reflecting a decrease of 0.50% [1]. - Gold ETFs experienced a slight decline of 0.31% during the trading session, with a turnover rate of 1.54% and a transaction amount of 4.41 billion [1]. Geopolitical Factors - The ongoing trade negotiations between the EU and the U.S. have led to a delay in tariff implementations, which may affect the demand for safe-haven assets like gold [3]. - Recent comments from President Trump regarding Russia and Ukraine have heightened geopolitical tensions, further increasing the demand for gold as a safe-haven asset [4]. Economic Indicators - Gold prices have risen over 25% this year, although they remain approximately $165 below last month's historical peak [4]. - The U.S. fiscal deficit and ongoing trade negotiations are key factors influencing market sentiment and gold demand [3][4]. Investment Strategy - The gold ETF (159937) offers a low-cost, low-barrier investment option that closely tracks domestic gold prices, supporting T+0 trading [5]. - Long-term investment in gold is recommended due to its ability to hedge against economic downturns and its stable performance across different economic cycles [5].