Market Overview - International gold prices experienced significant fluctuations, with a notable drop of 1.95% on May 7, followed by a further decline of 1.74% on May 8, reaching a low of $3288.445 per ounce [1] - As of May 8, gold prices fell below the $3300 per ounce mark again, indicating ongoing volatility in the market [1] Economic Factors - The Federal Reserve maintained the federal funds rate at 4.25% to 4.5%, marking the third consecutive meeting without a rate cut, which has implications for gold prices [5] - A recent trade agreement between the U.S. and the U.K. has raised expectations for similar agreements with other countries, easing market tensions and negatively impacting gold's safe-haven demand [5] Risk Management - The Shanghai Gold Exchange issued a notice emphasizing the need for market participants to strengthen risk management due to the high volatility in international precious metal prices [9] - The exchange advised members to prepare risk contingency plans and maintain market stability amid the fluctuations [9] Price Trends - Since the beginning of 2025, gold prices have surged by 29.4%, driven by various factors, including significant inflows into ETFs, suggesting that the recent price corrections are reasonable [9] - The rapid increase in gold prices necessitates market participants to digest the information and adjust their positions accordingly [9]