Group 1 - The core viewpoint of the articles highlights the complex dynamics affecting gold prices, driven by geopolitical tensions, trade policy uncertainties, and shifting Federal Reserve interest rate expectations [1][2][3] - Gold is approaching the key resistance level of $5200, supported by strong demand for safe-haven assets amid ongoing geopolitical risks and trade tensions [1][3] - The U.S. military presence in the Middle East is creating a tense atmosphere ahead of the upcoming U.S.-Iran nuclear negotiations, which could lead to new sanctions or regional conflicts, further boosting gold's appeal as a safe haven [1][2] Group 2 - Technically, gold prices have found support around $5100, which has now become a defensive level, while the mid-term upward trend remains intact above the 200-day simple moving average [2] - The market's expectations for the Federal Reserve's interest rate policy have shifted to a more hawkish stance, with the probability of a rate cut in June dropping to 52%, the lowest for the year [2] - The yield on 2-year U.S. Treasury bonds has risen to 3.46%, reflecting increased expectations for sustained high policy rates, while the 10-year yield remains around 4.03% [2][3] Group 3 - The performance of major currency pairs shows divergence, with the euro and pound recovering, while the dollar struggles to maintain a strong upward trend due to macro risks from tariff policies and a recovering stock market attracting risk capital [3] - The market is experiencing a "dual-track game" where rising short-term yields favor the dollar, while ongoing geopolitical risks and trade tensions support gold and limit the dollar's upside potential [3] - Gold's strong performance above $5100 indicates that market sensitivity to risk variables is greater than to short-term interest rate fluctuations, suggesting limited upside for the dollar until uncertainties dissipate [3]