Understanding the Market | Gold stocks collectively weakened, international gold prices came under pressure again, institutions suggest that gold may temporarily maintain a fluctuating pattern
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Gold stocks collectively weakened, with LINGBAO GOLD down 3.62%, TONGGUAN GOLD down 3.03%, and CHIFENG GOLD down 2.76%. Spot gold briefly fell below $3,230 per ounce, reported at $3,233.49 per ounce. Huatai Futures believes that the results of the China-U.S. talks have boosted market risk sentiment, putting pressure on gold prices. CITIC Futures pointed out that the U.S. CPI fell short of expectations, leading to an increase in market interest rate cut expectations, with some funds flowing into gold and other safe-haven assets. Overall, gold may temporarily maintain a volatile pattern
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