Core Viewpoint - During the domestic Spring Festival holiday, international gold prices have been rising continuously, with short-term risks gradually alleviating, and gold prices are expected to maintain an upward trend, holding at $5,100 per ounce [1][3]. Gold Market Analysis - Short-term profit-taking and the upcoming new round of negotiations on the US-Iran nuclear agreement are the main factors that caused the recent drop in gold prices. However, the uncertainty surrounding the US tariff plans may continue to support gold prices [1][3]. - Technically, after breaking through the $5,118 per ounce high, gold prices are currently supported at the $5,100 level. However, they remain within the price range of the large bearish candle from January 30, facing resistance at $5,380 and previous highs, making it difficult to break through in the short term [1][3]. - Investors are advised to focus on the $5,080-$5,200 range for buying low and selling high. If a breakout occurs, attention should shift to the $5,300 resistance level [1][3]. Silver Market Analysis - Prior to the Spring Festival, silver prices experienced a volatile decline but have rebounded after reaching near the lows. It is expected that extreme emotional trading will subside, and the overall trend in the next two weeks will show fluctuations, with initial price expectations between $70 and $90 per ounce [1][3].

Core Viewpoint - Gold prices may rise above $6,000 per ounce due to uncertainties surrounding changes in the Federal Reserve's leadership, according to Bank of America Global Research [1] Group 1: Gold Market - Bank of America predicts that gold will reach the $6,000 per ounce mark within the next 12 months [1] - Active gold futures increased by 0.6% to $5,208 per ounce [1] Group 2: Silver Market - Analysts express caution regarding silver, suggesting that prices may decline further in the short term [1] - Despite short-term concerns, there is an openness to the possibility of silver prices returning above $100 per ounce [1] - Active silver futures rose by 3.6% to $91.31 per ounce [1]

Group 1 - The international gold price opened at $3373.95, with a daily fluctuation of $64.39, closing at $3351.92, reflecting a slight decline of 0.59% [1] - The gold price remains in a consolidation phase around the $3400 level, indicating strong resistance above this point [3][4] - The recent ADP employment data and initial jobless claims suggest a weakening labor market, contributing to the ongoing sideways movement of gold prices as the market awaits non-farm payroll data [3] Group 2 - Silver prices have surged past the $35 mark, reaching a 13-year high of $36.07, indicating a strong upward trend following a month of consolidation [6] - The breakout above $35 is expected to open further upward movement towards the $40 target, with current support levels at $35.3 and $35 [6] - Key resistance levels for gold are identified at $3368 and $3400, while silver faces resistance at $36 and potential further gains if it breaks above this level [6]