European Natural Resources Fund: If the U.S. economy declines in the second half of the year, caution is needed regarding falling gold prices

Li Gangfeng, an analyst at the European Natural Resources Fund, pointed out that if the U.S. economy confirms a recession in the second half of the year, it is necessary to be wary of gold prices potentially falling along with other asset prices. The current important support level for gold prices is $3,200, with the next support level at $3,000. Although the increase in market risk appetite has led to a decline in gold prices, global geopolitical risks still exist. Li Gangfeng also mentioned that the U.S. sovereign rating has been downgraded, and market expectations for the Federal Reserve to cut interest rates have become conservative