Group 1 - The core viewpoint of the articles indicates that the slight rebound of the US dollar is limiting the upward potential of gold prices, with spot gold trading around $3372.39 [1] - Investors are closely watching the upcoming US non-farm payroll report on June 6 for clues regarding the Federal Reserve's next actions, as this data is a key indicator of labor market health and will directly impact market expectations for Fed monetary policy [1] - A weaker employment report could increase expectations for interest rate cuts, providing stronger support for gold prices, while a surprisingly strong report may exert short-term pressure on gold prices, although overall safe-haven demand is expected to remain high [1] Group 2 - The technical analysis suggests that spot gold is expected to break through the resistance level of $3388 per ounce and rise towards $3408, indicating a fifth wave in a larger upward trend that began at $3245 [1] - Support is identified at $3355, with a potential drop below this level leading to prices falling within the range of $3322 to $3344, which would indicate a reversal of the upward trend since $3245 [2] - If gold prices break through $3408 per ounce, they could potentially rise to $3440 per ounce, with the daily chart showing a breakthrough of the resistance level at $3361 per ounce [2]

Group 1 - Goldman Sachs expects a 25 basis point rate cut, maintaining GDP forecasts for this year while lowering next year's GDP forecast and significantly reducing inflation predictions [1] - UBS anticipates a 25 basis point rate cut, with the last cut expected in July, bringing rates down to 1.75%, and a potential rate hike by the end of 2026 to address inflation risks [1] - Bank of America predicts a 25 basis point rate cut, noting that the market has already priced in the recent ECB rate cut, which is unlikely to have a significant impact on the euro [1] Group 2 - Nomura Securities forecasts a 25 basis point rate cut, with further cuts expected in July and September until rates reach 1.50%, while adjusting GDP and inflation predictions [1][2] - Deutsche Bank expects a 25 basis point rate cut, suggesting that the terminal rate for the easing cycle should remain at 1.50%, with a potential rate hike to 1.75% by the end of 2026 [2] - Pacific Investment Management Company anticipates a 25 basis point rate cut, indicating that the ECB is entering the final phase of its easing cycle, with current market pricing around 1.7% appearing reasonable [3]

Core Viewpoint - The recent fluctuations in gold prices are driven by economic instability in the U.S., particularly due to unexpected contraction in the services sector and disappointing employment data, alongside geopolitical tensions and expectations of interest rate cuts by the Federal Reserve [1][3]. Group 1: Economic Indicators - The ISM non-manufacturing PMI fell to 49.9, marking the first drop below the 50 threshold since June 2024, indicating contraction in the services sector, which constitutes two-thirds of the U.S. economy [3]. - The ADP national employment report showed only 37,000 jobs added in May, significantly below the expected 110,000, representing the smallest increase in over two years [3]. Group 2: Gold Market Dynamics - The combination of shrinking services and weak ADP employment data has led to increased demand for gold as a safe-haven asset, with prices reaching as high as $1,384 per ounce following the data release [3]. - Market sentiment is leaning towards a potential rise in gold prices, with expectations that the upcoming non-farm payroll report could further influence Federal Reserve monetary policy and support gold prices [4]. Group 3: Future Outlook - Investors are closely monitoring the upcoming non-farm payroll report on June 6 for insights into the labor market and potential implications for Federal Reserve actions, which could either bolster or pressure gold prices depending on the report's strength [4]. - The European Central Bank's anticipated interest rate cut and ongoing international trade tensions are also expected to provide support for gold prices in the medium to long term [4].

Group 1 - The core viewpoint of the articles highlights the impact of Trump's announcement to raise tariffs on imported steel and aluminum from 25% to 50%, which led to a significant increase in the gold market by nearly $28 on the same day [1] - Key economic data and policy events to watch this week include ADP employment data, non-farm payroll reports, public statements from Federal Reserve officials, and a crucial speech by Fed Chair Powell [1] - Technical analysis indicates that gold prices are currently under pressure below the key resistance level of $3325, with a bullish trend forming in the one-hour moving average system [3] Group 2 - The suggested trading strategy involves taking short positions on gold if it rebounds to the $3325 resistance level, with a stop loss set at $3333 and a target range of $3310 to $3290 [3] - The analysis emphasizes the importance of monitoring the $3325 resistance level closely for potential trading opportunities [3]