Understanding the Market | Gold stocks collectively weakened, WanGuo Gold Group fell over 5%, gold prices plummeted below the $3,300 mark
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Gold stocks generally fell, with the International Gold Group dropping over 5%, and spot gold prices falling below USD 3,300 per ounce. CITIC Futures analysis believes that gold prices lack upward momentum in the short term, but remain optimistic about gold in the medium to long term, due to expectations of stagflation in the U.S. economy and the Federal Reserve's potential to not cut interest rates, which may increase recession risks. The market needs to pay attention to China-U.S. trade negotiations and Trump's policy direction
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