Core Viewpoint - International gold prices declined due to uncertainties surrounding the Federal Reserve's interest rate decisions, with December gold futures closing at $3996.50 per ounce, a decrease of 0.48% [1] Group 1: Market Influences - The gold futures prices fell by a cumulative 3.41% this week, influenced by profit-taking by investors, easing concerns over international trade tensions, and a rebound in investor risk appetite [1]

Core Viewpoint - The international gold price experienced a significant decline, with a drop of over 2% on May 1, reaching a low of $3220 per ounce, marking an over 8% pullback from the historical high of $3509.9 per ounce recorded on April 22 [1]. Price Adjustments - Domestic gold jewelry prices have also decreased, with brands like Laomiao Gold marking a price of 995 yuan per gram, the first time in 20 days that prices fell below 1000 yuan [3]. - Chow Tai Fook's gold price was adjusted to 1009 yuan per gram, down 13 yuan from the previous day [3]. - In Shenzhen's Shui Bei area, gold prices dropped to 780 yuan per gram, with merchants offering discounts on processing fees to attract customers during the holiday [5]. Market Dynamics - The decline in gold prices is attributed to multiple factors, including a reduction in demand for safe-haven assets due to easing international trade tensions [6]. - Market sentiment of fear of high prices led to profit-taking by some investors, contributing to the price drop [7]. - Ahead of the May Day holiday, Chinese traders sold nearly 1 million ounces of gold futures and spot gold, resulting in a decrease in total holdings compared to historical highs [7]. Long-term Outlook - Despite the recent decline, medium to long-term market conditions, including ongoing demand for safe-haven assets and expectations of interest rate cuts, are expected to support gold prices [8]. Regulatory Actions - The Shanghai Futures Exchange announced adjustments to trading fees and margin levels for gold futures, effective from April 25, 2025 [10]. - Several domestic gold ETFs have suspended subscription and redemption services, advising investors to be cautious of short-term trading risks [11].