Core Viewpoint - The recent fluctuations in gold prices are influenced by a combination of geopolitical factors, market sentiment, and technical trading dynamics, with a notable decline observed after reaching historical highs earlier in the month [3][4]. Group 1: Price Movements - On October 28, spot gold opened at $3981.66 per ounce and rose to over $4000, recovering from a dip below this threshold on October 27, where it fell to a low of $3973 [1][5]. - Gold prices had previously surged to a peak of $4390 per ounce on October 17, but experienced a sharp decline starting October 21, leading to a significant drop of 2.8% on October 27 [3]. Group 2: Influencing Factors - The easing of U.S.-China trade tensions has reduced safe-haven demand for gold, contributing to the recent price declines [3]. - Market expectations regarding the Federal Reserve's interest rate decisions and the overall global economic outlook have created a complex environment for gold prices [3][4]. - Technical selling pressure emerged as investors took profits after a rapid increase in gold prices from $3800 to $4400 in the first three weeks of October [3]. Group 3: Future Outlook - Analysts suggest that gold prices may continue to face downward pressure in the short term due to strong global stock market performance and rising U.S. Treasury yields, which diminish gold's appeal as a safe-haven asset [4]. - Despite short-term challenges, long-term factors such as geopolitical risks, inflation expectations, and ongoing central bank gold purchases may provide support for gold prices [4].

Group 1 - The joint statement from the US and China regarding trade talks has diminished the safe-haven appeal of gold, although volatility in gold prices may continue due to ongoing geopolitical and economic uncertainties [1][4] - The recent US-China high-level economic talks have eased trade friction uncertainties, leading to a rise in market risk appetite and a strong performance in global stock markets, while safe-haven assets like gold and US Treasuries faced sell-offs [4][7] - The US CPI for April showed a year-on-year increase of 2.3%, below the expected 2.4%, marking the lowest level since February 2021, which may provide justification for the Federal Reserve to consider interest rate cuts [8] Group 2 - The 90-day truce in the US-China trade war is seen as positive news for the financial sector, but significant disagreements remain, particularly regarding the fentanyl tax issue, indicating that future trade relations should be approached with caution [7] - The upcoming weeks will see important economic indicators released, including US Q1 GDP, Federal Reserve meeting minutes, and April core PCE, which may present trading opportunities in gold [8]

Group 1 - The gold market is experiencing selling pressure due to reduced safe-haven demand, with June 2025 gold futures dropping by $73.8 to $3180.7 per ounce, a decline of 2.27% [1] - The positive signals from the US-China Geneva trade talks, including mutual tariff reductions, have led to a temporary improvement in trade relations, which has weakened gold's appeal as a safe-haven asset [1] - Despite a nearly $400 drop from last month's record high, gold prices have still increased over 20% year-to-date, indicating potential for further technical corrections [1] Group 2 - The US dollar index rebounded, increasing by 0.03% and surpassing the 101 mark, adding further pressure on gold prices [1] - Market attention is focused on the upcoming April PPI data, which could influence expectations regarding the Federal Reserve's monetary policy and potentially support gold prices if the data remains weak [1] - The long-term support for gold prices remains intact, with the World Gold Council reporting a $11 billion inflow into global physical gold ETFs in April, marking five consecutive months of inflows [2] Group 3 - The decline in gold prices has also negatively impacted silver prices, with July silver futures falling by $0.70 to $32.39 per ounce, a decrease of 2.12% [2]

Group 1 - The current spot gold price is hovering around $3,310 per ounce, with a slight decline of 0.15% reported at $3,312.35 per ounce [1] - The easing of trade tensions, particularly between the U.S. and its partner countries, is diminishing gold's appeal as a safe-haven asset [1] - U.S. Treasury Secretary Mnuchin indicated that several major trade partners have proposed "very good" suggestions to avoid tariffs imposed by the U.S. [1] Group 2 - UBS analyst Giovanni Staunovo noted that the market perceives a reduction in trade tensions and concerns regarding the independence of the Federal Reserve, leading to decreased demand for safe-haven assets [1] - The expectation remains that gold prices may retest the $3,500 per ounce mark later this year, as the Federal Reserve is anticipated to lower interest rates [1] - Proposed strategies include reducing tariffs on foreign-made auto parts used in U.S. manufacturing, which could alleviate pressure on the U.S. automotive industry [2]

Group 1: Gold Market Analysis - The core viewpoint indicates that gold prices have dropped nearly 2% due to a stronger US dollar and easing US-China trade tensions, which reduced gold's appeal as a safe-haven asset [1] - Gold's cumulative decline for the week exceeded 1%, with the US dollar index rising by 0.3%, making gold more expensive for overseas buyers and suppressing demand [1] - The easing of global uncertainties has led to a shift in investor preference towards risk assets, increasing downward pressure on gold prices [1] Group 2: Technical Analysis of Gold - After a pullback from around $3500, gold is currently facing resistance at the 23.6% Fibonacci retracement level (approximately $3368 - $3370) [3] - The price has rebounded from a low of $3265, with key support at the 38.2% Fibonacci retracement level (around $3300) [3] - Short-term trading strategy suggests focusing on short positions around $3345 - $3365 resistance and monitoring support at $3280 - $3260 [4] Group 3: Silver Market Analysis - The silver market shows key turning signals, with prices stabilizing above the MA55 moving average (32.502) and a bullish arrangement of MA14 and MA20 [6] - The MACD indicates a weakening downward momentum, while the RSI remains at 54.144, suggesting a bullish outlook [6] - Short-term trading strategy recommends short positions around $33.35 - $33.45 with a stop loss at $33.55 and targets set at $33.16 - $32.75 - $32.45 [6]

Core Viewpoint - The recent comments from Trump regarding the Federal Reserve and trade negotiations with China have negatively impacted gold prices, leading to a significant sell-off in the market, although analysts suggest that there may still be potential for price increases in the future [1] Group 1 - Gold prices experienced a decline, with a drop of up to 2% during the Asian trading session [1] - Trump's decision to abandon threats to fire Federal Reserve Chairman Jerome Powell and his optimistic outlook on a trade deal with China have reduced gold's appeal as a safe-haven asset [1] - Analyst Kelvin Wong from Andar Asia Pacific noted that while the current sell-off has pushed gold to an extreme oversold level, there are no signs of weakness in bullish momentum, indicating potential for future price increases [1]