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2025-07-31 09:41:33
[Gold prices bottomed out and rebounded, with the dual influence of trade risks and Fed policies] 1. Gold prices rebounded from a one-month low on Thursday (July 31) as escalating trade tensions stimulated safe-haven demand. Although the Federal Reserve's signal of postponing interest rate cuts has dampened market enthusiasm, investors are still seizing the opportunity to enter the market at low prices. Spot gold is currently up 0.45%, trading around $3,288.77 per ounce, having fallen to its lowest level since June 30 at $3,268.02 per ounce the previous day. 2. Market volatility is mainly due to the latest tariff measures announced by US President Trump, coupled with the uncertainty brought about by the outcome of the Federal Reserve's interest rate meeting. Although the Federal Reserve kept interest rates unchanged, Chairman Powell's statement weakened expectations of a September rate cut. Investors are closely watching the upcoming US core PCE price index. If the data is higher than expected, it may further affect gold trends.
