Group 1 - The core point of the article is the significant drop in gold prices on May 12, with international spot gold falling below $3300 per ounce and reaching a low of $3207 per ounce, reflecting a notable daily decline [1] Group 2 - Geopolitical tensions have eased, leading to a decrease in safe-haven demand for gold, as evidenced by the calming signals from the India-Pakistan conflict and renewed negotiation proposals from Russia regarding Ukraine [3] - Expectations regarding the Federal Reserve's monetary policy have shifted, with a growing anticipation of delayed interest rate cuts, which could increase the opportunity cost of holding gold and subsequently lower its demand [4] Group 3 - Technical selling pressure has intensified, with a significant reduction in net long positions in gold and a high percentage of programmatic selling contributing to the price drop [5] Group 4 - Domestic consumption demand for gold has weakened post the May Day holiday, with reduced market demand and some brands resorting to discount promotions to accelerate inventory turnover, further exerting downward pressure on gold prices [7] Group 5 - The combined effects of geopolitical factors, monetary policy expectations, technical selling, and domestic demand fluctuations have collectively contributed to the sharp decline in gold prices on May 12 [9]

期货热点追踪 中国4月铜精矿进口创下纪录水平，产能过剩问题该如何解决？未来需求会否回落？ 相关链接 ...