Core Viewpoint - International gold prices continue to rise, supported by expectations of interest rate cuts by the Federal Reserve, global trade tensions, and increased demand for safe-haven assets [1] Group 1: Gold Price Movements - On the 15th, London spot gold prices reached a new high of $4200.23 per ounce during trading [1] - As of 15:10 Beijing time on the 15th, London spot gold was reported at $4200.14 per ounce, with a daily increase of 1.4% [1] - New York gold futures for December were trading above $4200 per ounce, with a daily increase of 1.32% [1] Group 2: Factors Influencing Gold Prices - Geopolitical and economic uncertainties, expectations of Federal Reserve rate cuts, a surge in gold purchases by central banks of major economies, and increased holdings in gold ETFs have contributed to a more than 55% rise in international gold prices this year [1] - Analysts from Bank of America and Societe Generale predict that gold prices could reach $5000 per ounce by 2026, while Standard Chartered has raised its average gold price forecast for next year to $4488 per ounce [1]

Core Viewpoint - The current fluctuations in gold prices are influenced by geopolitical tensions, economic uncertainties, and the Federal Reserve's monetary policy stance, with gold prices supported by buying interest despite recent declines [1][5]. Fundamental Analysis - As of March 24, spot gold is trading around $3026 after a decline of 0.7% last Friday, attributed to a stronger dollar and profit-taking, with a weekly increase of 1.17%, marking the third consecutive week of gains [1]. - The dollar rose by 0.34% last Friday, reaching a two-week high of 104.22, making gold more expensive for overseas buyers [1]. - The Federal Reserve maintained its benchmark interest rate but indicated two potential rate cuts of 25 basis points each by the end of the year, reflecting a cautious approach amid economic uncertainties [1][2]. - New York Fed President Williams emphasized the appropriateness of the current moderately restrictive monetary policy, citing a robust labor market and the need for more time to assess economic data [2][4]. - Geopolitical events, such as Israel's military actions in Gaza and ongoing tensions in Ukraine, contribute to the global economic and political uncertainties that support gold prices [5]. Technical Analysis - On the daily chart, gold prices showed a long lower shadow on Friday, indicating strong support around the $3000 level, which traders should monitor for potential market adjustments [7]. - Short-term trading strategies suggest selling near $3030-$3033 with a stop loss at $3040 and targeting $3013/$3003, while buying near $3000-$3003 with a stop loss at $2998 and targeting $3016/$3026 [7].