Group 1: Gold Market - Gold prices have been experiencing a significant decline, with London spot gold dropping over 2% to $3222.32 per ounce and COMEX gold futures down 2.6% to $3232.9 per ounce as of May 1 [2] - Several gold jewelry brands have reduced their prices, with some falling below 1000 yuan per gram, such as Lao Miao at 995 yuan, Chow Sang Sang at 1002 yuan, and Chow Tai Fook at 1009 yuan [2][4] - The World Gold Council reported that global gold demand reached 1206 tons in Q1 2025, a 1% year-on-year increase, with investment demand soaring by 170% to 551.9 tons [5] Group 2: Oil Market - International crude oil futures saw a sharp decline, with Brent and NYMEX crude oil futures dropping by 1.72% and 1.92% respectively on May 1 [6] - Analysts suggest that oil prices are facing short-term uncertainties due to upcoming OPEC+ production policy meetings and ongoing tariff negotiations between the US and other countries [6][7] - Despite the recent price drop, short-term inventory pressure in the oil market remains manageable [7]