Macroeconomic Overview - On June 4, international gold prices rose significantly by 0.56%, driven by complex global economic conditions. Poor U.S. economic data, such as the ISM Non-Manufacturing PMI dropping to 49.9 and ADP employment figures falling short of expectations, led investors to seek refuge in gold, with prices reaching a peak of $3384.55 per ounce [1] - The U.S. dollar index fell by 0.5%, and the yield on 10-year U.S. Treasury bonds decreased, reducing the opportunity cost of holding gold and enhancing its appeal [1] - The Trump administration's tariff policies, which doubled steel and aluminum import tariffs on June 4, have severely impacted global supply chains, further highlighting gold's safe-haven value [1] - Market expectations for a Federal Reserve rate cut have surged, with a 77% probability for a cut in September, supported by ADP employment data and inflation pressures [1] - Investors are awaiting the U.S. non-farm payroll report on June 6, which will influence market expectations regarding the Federal Reserve's monetary policy and subsequently affect gold prices [1] U.S. Dollar Index - On June 4, the U.S. dollar index exhibited a fluctuating trend, reaching a high of 99.372 and a low of 98.646, ultimately closing at 98.789 [2] - The market showed weak continuation after an initial upward movement, leading to a significant bearish close [2] - The weekly resistance level is noted at 101.10, suggesting a bearish outlook for the dollar index in the medium term [2] Gold Market - Gold prices on June 4 showed an overall upward trend, with a high of $3384.55 and a low of $3343.68, closing at $3372.24 [4] - The market is currently experiencing alternating bullish and bearish trends, with a focus on whether this pattern will continue [4] - Key support levels for gold are identified at $3320-$3322, with a critical threshold at $3360 for short-term movements [5][7] Euro and U.S. Dollar Pair - The Euro to U.S. dollar exchange rate showed an overall increase on June 4, with a low of 1.1356 and a high of 1.1434, closing at 1.1412 [7] - The market remains above key support levels, indicating a bullish outlook in the medium term [7]