The latest US inflation data exceeded market expectations, which not only strengthened the market's hawkish expectations of the Federal Reserve's monetary policy, but also caused international gold prices to adjust and fall below the 4,100 US dollars/ounce mark. Goldman Sachs and other institutions have recently lowered their gold price targets, but there are opinions that diversified demand for gold purchases and reserves from global central banks still provides structural support for gold. Short-term pressure coexists with medium- to long-term logic, and the market is entering an observation window where multiple and short factors are intertwined.

The latest US inflation data exceeded market expectations, which not only strengthened the market's hawkish expectations of the Federal Reserve's monetary policy, but also caused international gold prices to adjust and fall below the 4,100 US dollars/ounce mark. Goldman Sachs and other institutions have recently lowered their gold price targets, but there are opinions that diversified demand for gold purchases and reserves from global central banks still provides structural support for gold. Short-term pressure coexists with medium- to long-term logic, and the market is entering an observation window where multiple and short factors are intertwined.