#TradFi交易分享挑战 As of May 22, 2026, international spot gold fluctuates around $4,530 per ounce, while domestic gold prices remain in the range of 990-1,000 yuan per gram. The current market sees intense bullish and bearish battles, with short-term constraints from the Fed's hawkish stance, but medium- to long-term support from central bank gold purchases, overall presenting a pattern of "high-level wide-range oscillation."

Today’s Market Brief

- International gold price: approximately $4,534 per ounce (slightly down about 0.15%), oscillating within the $4,530-$4,550 range.
- Domestic market: approximately 996 yuan per gram (slightly up about 0.2%), performing slightly better than the international market due to exchange rate influences.
- Brand gold prices: retail prices of Chow Tai Fook, Lao Feng Xiang, etc., around 1,375-1,390 yuan per gram; investment gold bars around 1,010-1,020 yuan per gram.

Core Driving Factors

- Short-term bearish pressure: expectations of Fed rate cuts cooling down, combined with no further escalation of Middle East tensions, leading to outflows of safe-haven funds and weak upward momentum in gold prices.
- Long-term bullish support: continuous net purchases of gold by global central banks (especially emerging markets), providing a solid "safety cushion" for gold prices and limiting significant declines.

Trend Forecast and Strategies

- Short-term (next 1-2 weeks): likely to oscillate within the $4,500-$4,600 range. If the Fed signals clearer rate cut intentions, there is potential to challenge the $4,600 level again.
- Trading suggestions:
- Short-term traders: recommend observing or buying low and selling high within the range; current volatility is intense, so avoid chasing rallies or panic selling.
- Long-term investors: consider accumulating gradually when prices dip below $4,500, leveraging the oscillating market to build positions step by step.