Group 1 - Gold and platinum prices have significantly declined, with Shanghai Gold Exchange spot gold price at 760 CNY per gram, and several domestic brands reporting prices below 1000 CNY [1] - On June 27, London gold spot price dropped by 1.69% to 3271 USD per ounce, marking a decline of over 50 USD in one day, while COMEX gold futures fell to 3289 USD per ounce, down 2.92% for the week [6][8] - The decline in platinum prices was even more severe, with a drop exceeding 6%, reported at 1329 USD per ounce [6][8] Group 2 - Recent global economic data and monetary policy expectations have created a complex impact on gold prices, with the U.S. PCE price index showing a 0.1% increase month-on-month in May [8] - The U.S. GDP for the first quarter was revised down to a 0.5% annualized decline, reflecting downward adjustments in consumer spending and export data [9] - The Shanghai Gold Exchange issued a notification to enhance market risk control, indicating increased market volatility and advising members to improve risk awareness [9] Group 3 - The World Gold Council reported a negative shift in global gold ETF demand in May, with North America and Asia leading the decline, resulting in a 1% decrease in total assets under management to 374 billion USD [10] - Analysts suggest that easing geopolitical tensions have reduced investor demand for gold as a safe-haven asset, contributing to the price decline [10] - Citigroup analysts predict that gold prices will peak in Q3 of this year before gradually declining, with expectations of a drop to 2500-2700 USD per ounce by mid-2026, indicating a potential end to the current bullish trend [10] Group 4 - Chief economist at Caisan Financial, Wu Chaoming, believes that three factors will support gold's long-term value: weakening dollar credit, sustained safe-haven demand, and a trend of central bank gold purchases [11] - A survey by the World Gold Council indicated that 76% of central banks plan to increase their gold reserves over the next five years, providing a solid foundation for long-term gold price increases [11]