Core Viewpoint - The recent decline in gold prices is primarily driven by the successful trade talks between China and the U.S., leading to increased demand for risk assets and a decrease in demand for safe-haven assets like gold [1][3]. Group 1: Factors Influencing Gold Prices - The recent drop in international gold prices from $3,500 to $3,200 is attributed to the successful U.S.-China trade negotiations, which have boosted the stock market and the dollar, consequently reducing the appeal of gold [1]. - The inverse relationship between the dollar and gold prices is highlighted, with the dollar rebounding from 99 to 108, leading to a corresponding decline in gold prices [1]. - The significant rise in gold prices over the past two years, from $2,000 to $3,500, is noted as a contributing factor to the current price correction [1]. Group 2: Future Outlook for Gold - The current downtrend in gold prices is viewed as an adjustment phase rather than a short-term fluctuation, with expectations of a prolonged downward adjustment due to reduced market anxiety following the trade talks [3]. - The potential for a global economic recovery is discussed, with countries likely to cooperate with the U.S. to address its $36 trillion debt issue, which could stabilize the dollar and the global economy [5]. - The expectation is that gold will enter a slow decline, akin to a "slow bear" market, with intermittent rebounds influenced by unforeseen events, particularly those related to U.S. politics [7]. - Long-term projections suggest that while gold may experience a downtrend in the short to medium term, it could eventually surpass $3,500 and potentially reach $4,000 or $5,000 over a five to ten-year horizon [8]. Group 3: Investment Recommendations - It is advised that individuals should not hastily invest in gold at this time, but those with sufficient funds for long-term investment may consider a small allocation, as there is potential for future price recovery [10]. - The recommendation emphasizes a rational approach to gold investment, particularly for inflation hedging, while avoiding impulsive decisions driven by market trends [10].