Understanding the Market | Gold stocks fell across the board as tariffs and geopolitical conflicts eased, putting significant pressure on international gold prices
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Gold stocks fell across the board, with LINGBAO GOLD down 5.83%, SD-GOLD down 5.51%, and CHIFENG GOLD down 5.17%. The spot gold price briefly fell below USD 3,270 per ounce. Substantial progress was made in the China-U.S. economic and trade talks, and India and Pakistan announced a ceasefire, easing geopolitical risks. Analysts pointed out that geopolitical risks, the Federal Reserve's hawkish stance, and liquidity shocks will trigger a correction in gold, and attention should be paid to the downside risks in the short term. The market's pricing of future uncertainty risks has decreased, leading to fluctuations in gold prices
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