Group 1: Gold Market - The U.S. President Trump requested Russian President Putin to refrain from attacking Ukraine for a week, which Putin agreed to, leading to a temporary ceasefire [2] - The U.S. government shutdown concerns eased as bipartisan agreement on a short-term spending bill was reached, causing market sentiment to recover [2] - Gold prices have been declining due to the ceasefire agreement and the resolution of the government shutdown, with a focus on support at $4,990 and resistance at $5,250 [2] Group 2: Oil Market - Oil prices rose significantly due to market concerns over potential U.S. attacks on Iran affecting global supply [3] - EIA forecasts indicate steady expansion in global oil supply by 2026, while overall demand remains significantly lower than supply levels [3] - OPEC's market share is being compressed by strong production growth from non-OPEC countries, limiting OPEC's influence on the market [3] Group 3: Dollar Index - The market is closely watching the future of Federal Reserve Chairman Powell, with speculation that he may step down in mid-May [5] - If a new chairman is appointed soon, it could lead to more aggressive rate cuts by the Federal Reserve [5] - The dollar index is currently consolidating near annual lows, with support at 96.10 and resistance at 97.20 [5] Group 4: Nasdaq - The Nasdaq index closed lower, trading within a range of 24,800 to 26,200 [7] - A short-term downward trend is indicated as prices fell below the 60/120 day moving averages [7] - Today's support is noted at 25,300 and resistance at 25,800 [7] Group 5: Copper Market - Copper prices closed higher but showed signs of significant upward pressure with a long upper shadow [8] - The market is observing a potential downward correction after a recent surge [8] - Support is identified at $5.85 and resistance at $6.05 [8]

Group 1: Gold Market Dynamics - The price of spot gold experienced significant volatility, reaching a low of $3,886.51, the lowest level since October 6, due to optimistic sentiments surrounding US-China trade negotiations, which diminished gold's appeal as a safe-haven asset [1][4] - On October 28, spot gold fell to a three-week low, dropping 0.73% to close at $3,952.71 per ounce, influenced by improved trade outlooks [1][4] - The recent progress in US-China trade talks, including a framework agreement on soybean purchases and a pause on rare earth export controls, has led to a decrease in gold prices as investors preferred to sell gold [4][6] Group 2: Inflation and Federal Reserve Policy - The US Consumer Price Index (CPI) for September rose by 3% year-on-year, indicating that inflation remains above target levels, providing room for "moderate rate cuts" [3] - Market expectations for a 25 basis point rate cut in October and another in December have been largely priced in, limiting direct support for gold prices [3] - The Federal Reserve's internal divisions regarding the pace of rate cuts and the potential impact of political pressure from President Trump on interest rates are key factors influencing market sentiment [3] Group 3: Geopolitical Factors - The recent escalation of conflict in Gaza, following Israel's military actions against Hamas, has added to geopolitical tensions, which traditionally support gold prices [5][6] - Despite the current pressures on gold prices, long-term factors such as geopolitical risks, inflation expectations, and monetary policy uncertainties continue to support gold's attractiveness [8] Group 4: Technical Analysis and Market Sentiment - The recent drop in gold prices below $4,000 triggered technical sell-offs, with significant stop-loss orders being activated, leading to rapid declines [8] - If gold can reclaim and maintain the $4,000 level, it would signal a strong bullish trend; otherwise, continued trading below this level may indicate a short-term top has formed [8] - Investors are advised to monitor the Federal Reserve's upcoming rate decision and the outcomes of the US-China summit for potential market direction [8]