Gold prices continue to fluctuate.
Gold prices have shown a volatile pattern in the short term, affected by the weakening of the US dollar and changes in sentiment due to easing geopolitical tensions.
Time:
2025-06-30 09:50
Influenced by the weakening US dollar and easing geopolitical tensions, gold prices (3285.98, -1.62, -0.05%) have shown a volatile pattern in the short term. In the short term, the ceasefire between Israel and Iran, and the sudden cooling of tensions in the Middle East, have reduced safe-haven buying, suppressing gold price increases; however, the continued decline in the US dollar index to a new low this year, coupled with the 5-year/30-year Treasury yield spread exceeding 101 basis points, indicates that the market is selling off US Treasuries, weakening the dollar's appeal, which will provide better support for the gold market in the medium term. Federal Reserve Chairman Powell reiterated that he is "not in a hurry to cut interest rates", emphasizing the uncertainty of the impact of tariffs on inflation. His relatively hawkish remarks suppressed short-term fluctuations in gold prices; however, as his term approaches, the potential risk of personnel changes has increased market uncertainty about future Fed policy. Overall, the regional situation is generally easing, economic data shows weakening economic activity, and expectations for interest rate cuts remain unclear. In the short term, gold prices lack the guiding effect of events. From the overall trend analysis, in the short term, in the daily K-line chart, after gold prices fell below the middle track of the Bollinger Bands last week, they entered the weak range formed by the middle and lower tracks of the Bollinger Bands, and there is a possibility of further testing the lower track. The medium-term trend of silver prices (36.21, -0.16, -0.43%) remains unchanged. After breaking through the important level of $35, it has entered a wide range of fluctuation between $35.0 and $37.0. After sufficient consolidation in this range, it will further rise to challenge the $40.0-$42.0 per ounce range.
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Gold prices continue to fluctuate.
Gold prices have shown a volatile pattern in the short term, affected by the weakening of the US dollar and changes in sentiment due to easing geopolitical tensions.
Gold prices rise again! Multiple risks fuel safe-haven demand.
From the perspective of the international market, the tense situation in the Middle East, the escalation of the Russia-Ukraine conflict, and the continued high uncertainty surrounding the US Trump administration's tariff policies have driven up gold prices due to increased risk aversion in the market. Furthermore, a significant recent change in the gold market is that gold has become the second-largest reserve asset for central banks globally. How should the future trend of gold prices be viewed? Several analysts have indicated that in the short term, gold prices may fluctuate due to factors such as tariff easing and sudden changes in the geopolitical situation; in the medium to long term, gold prices are still in an upward channel.
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Gold prices return to $3300! Wall Street banks show significant divergence in long-term outlook
In fact, as gold prices fluctuate, Wall Street's major banks have recently shown a clear divergence in their views on gold prices. Unlike Goldman Sachs and Deutsche Bank, which are optimistic about gold's performance, Citigroup believes that the long-term outlook for gold prices is not optimistic.
Although gold prices rose this week, market volatility has clearly increased. While the US-UK agreement is symbolic, its content is limited and insufficient to alleviate concerns about a global economic slowdown. Therefore, gold prices will continue to fluctuate between safe havens and policy signals, closely monitoring the Federal Reserve's interest rate expectations and global trade sentiment.