Group 1 - Recent significant decline in gold prices attributed to multiple factors, including a ceasefire agreement between Iran and the U.S., which reduced market risk aversion and diminished the appeal of gold as a safe-haven asset [1] - The fragile nature of the ceasefire, with both sides accusing each other of violations and criticism from Trump, raises doubts about its sustainability, casting a shadow over the gold market outlook [1] - Federal Reserve Chairman Jerome Powell's signals of not rushing to cut interest rates in July have led to a surge in the dollar index, resulting in gold sell-offs [1] Group 2 - Gold faced strong selling pressure after reaching a critical price level of 3350, dropping to a low of around 3310 during the trading session [3] - Technical analysis indicates strong resistance in the 3335-3344 range and support in the 3314-3309 range, with the market currently exhibiting a volatile pattern [3] - Suggested trading strategies include buying on dips between 3313-3307 with a target of 3325-3344 and selling on rebounds between 3329-3333 with a target of 3320-3312 [4]

Core Viewpoint - The market is closely watching the upcoming US CPI data, with gold prices experiencing fluctuations and adjustments while maintaining a bullish outlook for the year [1][4][9]. Market Performance - On June 10, gold opened at $3325.40 per ounce, reached a low of $3301.75, and later peaked at $3348.78 before closing at $3322.33, reflecting a daily fluctuation of $47.03 and a slight decline of 0.092% [1]. - The market sentiment is cautious, influenced by strong US non-farm payroll data, which has bolstered the dollar and pressured gold prices [4][8]. Economic Indicators - The US CPI data is anticipated to rise, which may reduce interest rate cut expectations, potentially leading to a temporary decline in gold prices. However, this could also enhance gold's appeal as an inflation hedge [6][9]. - Current market conditions reflect a strong expectation for a rate cut by the Federal Reserve in September, with a probability close to 60% [9]. Technical Analysis - Gold prices are currently in a bullish trend, supported by the upward trend line established since March, despite recent volatility [11][15]. - The monthly chart indicates that gold remains above the 5-month moving average, maintaining a bullish trend, while the weekly chart shows potential support at the middle band [13][15]. Future Outlook - The overall outlook for gold remains positive, with expectations of reaching $3500 or higher within the year, despite short-term fluctuations [6][9][15]. - The market is advised to look for buying opportunities during pullbacks, as the long-term trend remains bullish [11][15].

Group 1 - Spot gold traded around $3,370 per ounce, rising nearly 1% on June 4 due to weak U.S. data and a softening dollar, reaching a high of $3,384.71 [1] - Domestic gold prices reported at ¥781.76 per gram, with a basic gold price of ¥778.1 per gram and retail price for investment gold bars at ¥794.1 per gram [1] Group 2 - Weak U.S. economic data has strengthened the demand for safe-haven assets, with the ISM non-manufacturing PMI falling to 49.9 in May, marking the first drop below the neutral line since June 2024, and the ADP employment increase at only 37,000, the lowest in over two years [3] - The uncertainty surrounding tariff policies, with the Trump administration doubling steel and aluminum tariffs to 50%, is expected to increase inflation concerns and enhance gold's appeal as an anti-inflation asset [5][6] - Goldman Sachs has raised its year-end gold price target to $3,700, emphasizing the combined impact of tariff uncertainty and recession risks [6] Group 3 - Technical analysis indicates that gold prices closed at $3,372.60, maintaining above the 50-day moving average, with significant resistance at the $3,400 level [7] - Silver prices closed at $34.489, forming a doji pattern, with strong resistance at $34.80 and support from the 20-day moving average [11]

Core Viewpoint - The article discusses the significant decline in gold prices due to easing trade tensions between the US and UK, leading to a drop in safe-haven premiums and a shift in market sentiment towards riskier assets [1][7]. Group 1: Market Trends - As of May 12, the international spot gold price fell below $3,300 per ounce, reaching a low of $3,208 per ounce [1]. - The domestic gold ETF market saw a decline, with several ETFs dropping over 2% in value [1]. - The Shanghai Gold Exchange (SGE) gold ETF total scale was approximately 1,490 billion yuan, recovering from a low of 1,450 billion yuan after a previous high of 1,522 billion yuan [2][4]. Group 2: Investment Dynamics - The gold ETF market experienced a rapid inflow of funds in April, with a total increase of 834 billion yuan year-to-date, but saw a subsequent outflow of 65 billion yuan in early May [4][5]. - The COMEX gold futures report indicated a decrease in long positions by 1,411 contracts, while short positions increased by 752 contracts, reflecting a shift in market sentiment [5]. Group 3: Economic Factors - The article highlights that the easing of trade tensions has reduced market risk aversion, contributing to the volatility in gold prices [7]. - Despite short-term fluctuations, long-term factors such as central bank gold purchases and inflation concerns are expected to support gold prices [8][9].

Core Viewpoint - The international gold prices have recently experienced significant fluctuations, with spot prices dropping below $2900 per ounce, influenced by various geopolitical and market factors [1][2]. Group 1: Price Movements - As of February 27, the London gold spot price fell by 0.81% to $2892.31 per ounce, while COMEX gold futures dropped by 0.81% to $2906.8 per ounce [1]. - On February 25, the London gold spot closed down 1.29% at $2914.52, and COMEX gold fell 1.36% to $2928.6 per ounce [1]. - The overall trend for the first two months of 2025 shows a notable increase in international gold prices, with COMEX futures rising by 10% from $2641 per ounce and spot prices increasing by 10.23% from $2623.82 per ounce [2]. Group 2: Influencing Factors - The decline in gold prices is attributed to the narrowing price gap between spot and futures gold, alongside diminishing demand for physical gold, leading to a slowdown in inventory replenishment in the New York precious metals market [2]. - Geopolitical developments, particularly the anticipated visit of Ukrainian President Zelensky to Washington and the signing of agreements related to rare earth minerals, have contributed to market expectations that the Russia-Ukraine conflict may be nearing resolution, further pressuring gold prices [2]. - Five key factors driving the overall increase in gold prices include: 1. Uncertainty surrounding Trump's tariff policies, which has heightened market risk aversion 2. Increased price differentials between spot and futures gold prompting arbitrage trading 3. Continuous accumulation of gold reserves by global central banks 4. Sustained validation of inflation resilience in the U.S. economy, enhancing gold's anti-inflation appeal 5. Rising safe-haven demand due to global geopolitical risks [2].