Group 1 - International gold prices have risen due to a weaker dollar and investor focus on trade developments ahead of the August 1 tariff deadline [1] - Lower-than-expected US inflation data did not lead to a re-evaluation of hawkish interest rate expectations, allowing gold to rebound from a major upward trend line [1] - With the Federal Reserve's easing policy, real yields are likely to continue declining, supporting an upward trend in gold prices [1] Group 2 - Today's gold trading saw a profit from a long position at 3356, closing at 3370 for a gain of 14 points, while a short position at 3375 resulted in a loss of 8 points, leading to a small overall profit [3] - The gold market showed slow upward movement during the day, with limited opportunities for pullbacks, leading to a chase of the upward trend [5] - The current strong resistance level for gold is between 3373-3375, with potential for testing the 3410 level as it has reached 3395 [5] Group 3 - A recommendation was made to go long near 3375, with a stop loss at 3365 and a target range of 3395-3405 [7]

Core Viewpoint - Gold prices are currently in a range-bound fluctuation as the market awaits the upcoming U.S. Consumer Price Index (CPI) report next Tuesday [1] Group 1: Market Dynamics - Recent non-farm payroll data has suppressed further increases in gold prices, as the market has re-priced hawkish expectations regarding interest rates, putting pressure on the precious metal [1] - A weak CPI report could provide a boost to gold prices, while a strong performance may trigger a new wave of selling [1] Group 2: Macroeconomic Perspective - From a broader perspective, gold is expected to maintain an upward trend due to the backdrop of the Federal Reserve's easing policies, which may lead to a continued decline in real yields [1] - However, short-term hawkish re-pricing of rate cut expectations could lead to a pullback in gold prices [1]

Core Viewpoint - The gold market is currently influenced by the rebound of the US dollar index and a decrease in international trade tensions, with a focus on US fiscal and monetary policy outlooks. Short-term gold prices are constrained by the dollar, interest rate expectations, and economic data, while long-term trends remain bullish due to potential declines in real yields under the Federal Reserve's easing policies [1][3]. Gold Market Analysis - Gold prices experienced significant fluctuations, with a peak at 3315 before a rapid decline, reaching a low of 3250 after a major sell-off triggered by the halt of tariff policies [1][3]. - The daily chart indicates a bearish trend with a recorded daily candle, but prices remain above key support levels, suggesting a potential for stabilization and a bullish outlook in the longer term [4]. - Short-term indicators show a V-shaped recovery after touching 3250, with resistance levels identified at 3280-3290 and support at 3230-3220 [4]. Silver Market Analysis - Silver prices are also experiencing volatility, influenced by industrial demand and macroeconomic factors. Key support is at 32.5, with resistance at 34. A failure to hold the support could lead to a drop to 31.50 [6]. - The recommendation for silver trading is to focus on buying on dips while considering selling on rebounds, with short-term resistance at 33.20-33.35 and support at 32.65-32.50 [6].

Group 1 - The international gold price has experienced a significant decline, with a potential for the largest weekly drop in six months due to a stronger dollar and reduced concerns over the US-China trade war, diminishing gold's appeal as a safe-haven asset [1] - As of the report, spot gold has decreased by 1.83% to $3181.19, with a weekly drop exceeding 3%, marking the worst weekly performance since November 2024 [1] - The dollar index has risen by 0.2% this week, indicating a potential fourth consecutive week of gains, making gold more expensive for overseas buyers [1] Group 2 - Technical analysis suggests that gold prices opened higher today, trading around $3245, with a critical resistance level at $3250; a breakthrough could lead to a rise towards $3300, while failure to maintain above $3200 may result in a drop to the $3150 area [2] - Analysts recommend a short-term trading strategy focusing on selling on rebounds around $3265-$3270 and buying on dips around $3225-$3220, with specific stop-loss and target levels outlined [3]

Group 1 - The international gold price experienced a decline on May 16, potentially recording the largest weekly drop in six months, primarily due to a stronger dollar and easing concerns over the US-China trade war, which diminished gold's appeal as a safe-haven asset [1] - Gold prices fell over 2% on Friday and accumulated a nearly 4% drop for the week, marking the largest weekly decline since November of the previous year, driven by increased risk appetite following trade agreement developments [1] - Market expectations for a Federal Reserve rate cut have been revised down to approximately 58 basis points by the end of the year, compared to 120 basis points during the peak of panic in April, indicating potential short-term pressure on gold prices [1] Group 2 - Despite the recent decline, gold remains in an upward trend over the long term, supported by the Federal Reserve's accommodative policies, which may continue to lower real yields [3] - The analysis suggests that while there may be short-term pullbacks, the overall trend for gold is bullish, with recommendations for trading strategies based on specific price levels [3] - Suggested trading strategies include buying on pullbacks in the 3175-3170 range with a target of 3185-3205 and selling on rebounds in the 3235-3240 range with a target of 3220-3200 [3]

Core Viewpoint - The recent rebound in gold prices is primarily driven by significant fluctuations in Asian currencies, which aligns with risk-averse behavior in the market [1] Group 1: Market Dynamics - Analyst Giuseppe Dellamotta notes that gold has recovered its losses from the previous week, although the exact catalysts remain unclear [1] - The volatility in Asian currencies provides a plausible explanation for the timing of gold's rebound and fits the logic of seeking safe-haven assets [1] Group 2: Future Outlook - As authorities begin to intervene in the currency markets, the demand for safe-haven assets may gradually decrease [1] - The upcoming Federal Open Market Committee (FOMC) decision from the Federal Reserve poses a risk for gold bulls, as the market has aggressively bet on a dovish shift [1] - There is a possibility that the Federal Reserve may issue hawkish signals to correct market expectations, which could impact gold prices [1] Group 3: Long-term vs Short-term Trends - In the medium to long term, the upward trend for gold remains intact, with expectations of continued low real yields during the Federal Reserve's easing cycle [1] - Short-term risks are present; positive developments in trade tensions or a hawkish stance from the Federal Reserve could lead to a market re-evaluation and further pullback in gold prices [1]