Core Viewpoint - International gold prices experienced a significant decline, primarily influenced by the U.S. Federal Reserve's decision to maintain the federal funds rate, which dampened expectations for interest rate cuts and weakened gold priced in dollars [1][2] Group 1: Market Performance - On July 30, international gold prices fell sharply, reaching a low of $3,268 per ounce, closing down $51.66 or 1.55% at $3,274.92 per ounce [1] - A-shares and Hong Kong-listed gold stocks also dropped, with companies like Shanjin International, Hunan Gold, and Zijin Mining seeing declines of over 3%, and Tongguan Gold falling by 7.65% [1] - As of the following day, gold prices slightly rebounded to around $3,300 per ounce, but A-shares and Hong Kong gold stocks continued to decline [1] Group 2: Economic Analysis - The recent decline in international gold prices is attributed to reduced political and economic uncertainties following tariff negotiations between the U.S. and major trading partners, leading to a recovery in investor risk appetite [2] - The dollar index rebounded, putting pressure on non-dollar assets like gold, while global stock markets rose, diverting funds away from the gold market [2] - Despite the recent downturn, gold has maintained a significant year-to-date increase, indicating that high-level fluctuations are normal [2] Group 3: Future Outlook - The long-term outlook for gold remains positive due to significant changes in the global political and economic landscape, which are expected to continue [2] - Gold is recognized as a non-sovereign asset with increasing appeal for both official and private investors seeking safe-haven investments [2] - The current bull market in A-shares suggests that gold stocks are under less valuation pressure, and there is potential for future price increases in gold, making it advisable for investors to consider long-term positions rather than short-term trading [2]

Oil Market - International oil prices increased by over 2% for the week, with WTI crude futures rising by 2.41% and Brent crude futures by 2.35% [1] - Traders are closely monitoring the latest developments in US-Iran nuclear negotiations, which have alleviated concerns about potential increases in oil supply [1] - The rebound in oil prices on Friday saw both WTI and Brent futures rise approximately 1.4% [1] Gold Market - International gold prices fell by over 1.2% on the 16th, with a cumulative decline of nearly 4.7% for the week, marking the worst weekly performance in six months [2] - The June gold futures price settled at $3187.2 per ounce, down 1.22% on Friday, as investor demand for safe-haven assets was impacted by the resumption of Russia-Ukraine negotiations [2] - As of May 16, spot gold prices dropped to below $3160 per ounce, reflecting a daily decline of 2.56% [2] Market Sentiment - The easing of trade tensions between the US and China has suppressed market risk aversion, contributing to the decline in gold prices [2] - Social media discussions indicate widespread concern among investors regarding losses from recent gold price drops, with many expressing frustration over their investments [10][11] - Analysts from Citigroup have revised their three-month gold price target down from $3500 to $3150 per ounce, citing a 10% reduction due to breakthroughs in global tariff negotiations [11]

Core Viewpoint - The international gold price has recently declined, leading to a drop in retail gold prices in China, with many brands offering significant discounts during the May Day holiday [3][4]. Group 1: Gold Price Trends - As of May 2, COMEX gold futures closed at $3,247.4 per ounce, a decrease of 7.48% from the peak of $3,509.9 per ounce on April 22 [3]. - Retail gold prices have fallen below 1,000 yuan per gram, with brands like Laomiao Gold priced at 987 yuan/gram and Zhou Dafu at 998 yuan/gram [3]. - Some retailers are offering promotional discounts, with prices dropping to as low as 858 yuan/gram after a 100 yuan discount [3]. Group 2: Market Sentiment and Predictions - The current gold recovery price is 752 yuan/gram, with varying prices for different gold purities, such as 22k gold at 668 yuan/gram and 18k gold at 543 yuan/gram [4]. - Some institutions predict short-term price fluctuations, citing overbought conditions and a significant proportion of speculative long positions in the market [4]. - Despite the recent decline, experts believe that gold remains in a long-term upward trend due to ongoing market demand for safe-haven assets, although caution is advised regarding high volatility risks in the short term [5].