Core Viewpoint - The gold market experienced significant volatility triggered by President Trump's comments regarding potential changes in Federal Reserve leadership, leading to sharp price fluctuations and heightened investor anxiety [1][4][6]. Group 1: Market Dynamics - Gold prices faced resistance at the $3375 level, with multiple attempts to breach this threshold resulting in aggressive selling from short sellers, pushing prices back down to around $3340 [1][3]. - The market is influenced by three main forces: Trump's tariff announcements increasing global risk, central banks like China's continuing to accumulate gold, and rising U.S. Treasury yields making gold less attractive [3][4]. Group 2: Immediate Reactions - Following news of Trump's consideration to dismiss Fed Chair Powell, gold prices surged from $3320 to $3377, marking a significant increase of $55 within two hours, reflecting a rush to safe-haven assets [4][6]. - However, after Trump denied the dismissal, gold prices plummeted by $40, highlighting the market's sensitivity to political developments and the potential for rapid reversals [6]. Group 3: Domestic Market Impact - In the domestic market, gold jewelry prices reached 1008 CNY per gram, while the buyback price was only 762 CNY per gram, creating a significant loss for investors who sell immediately after purchase [9]. - Investors in gold bars also faced losses of up to 20%, indicating a challenging environment for retail gold investors amid fluctuating international prices [9]. Group 4: Future Outlook - Market participants are closely monitoring upcoming U.S. economic data, such as initial jobless claims and retail sales, which are expected to influence gold price trends and overall market sentiment [10].