Group 1 - Gold prices maintained a slight fluctuation pattern on May 26, influenced by the US holiday, with strong support above $3,300 indicating potential for further upward movement [1] - Following President Trump's announcement of a 50% tariff on the EU starting June 1, risk aversion increased, pushing gold prices higher, but the subsequent extension of negotiation deadlines eased market concerns, leading to a slight decline in gold prices at the week's opening [1] - Strong physical gold demand, particularly from mainland China, is a significant long-term support for gold prices, with April exports from Hong Kong to the mainland reaching 58.61 tons, more than double March's 21.071 tons [1] Group 2 - Technically, gold prices are currently operating within the $3,150 to $3,450 range, indicating a major correction phase, while the upward trend since the $3,120 low is in its later stages [2] - The Bollinger Band's middle line remains around $3,290, providing key support for current prices, with short-term focus on a fluctuation range of $3,328 to $3,366 [2] - A breakthrough above $3,328 could target $3,392 and the upper Bollinger Band near $3,400, while a drop below $3,330 may lead to a retest of the $3,290 level [2]

Group 1 - Gold stocks continue to rise, with Lingbao Gold up 3.98% to HKD 9.41, Chifeng Gold up 2.62% to HKD 29.35, Shandong Gold up 1.24% to HKD 24.55, and Zhaojin Mining up 0.31% to HKD 19.32 [1] - As of April, China's gold reserves reached 73.77 million ounces, an increase of 70,000 ounces from the previous month, marking six consecutive months of gold accumulation by the People's Bank of China [1] - Spot gold prices have returned to the USD 3,400 per ounce level as of May 8 [1] Group 2 - China Galaxy Securities reports that gold price breakthroughs may depend on the Federal Reserve's interest rate cuts or a surge in physical gold demand, with a current trading range for gold set between USD 3,150 and USD 3,550 [1] - If the U.S. economy experiences stagflation without interest rate cuts, gold is likely to trend upwards; however, in a recession, gold may decline alongside other commodities until the Fed cuts rates [1] - The demand for gold is expected to rise due to the ongoing increase in gold reserves by the People's Bank of China, driven by changes in the global political and economic landscape following the new U.S. government [2]