#TradFi交易分享挑战 Gold Market Outlook: The tug-of-war between geopolitical easing and monetary tightening, overall, the positive progress in US-Iran talks in the short term has provided a breathing space for gold, with falling oil prices and a weakening dollar jointly forming upward momentum. However, whether this rebound can continue depends on the final outcome of the negotiations. If an agreement is reached and shipping through the Strait of Hormuz quickly resumes, inflationary pressures will significantly ease, and gold’s safe-haven properties may temporarily weaken. Conversely, if negotiations break down or fluctuate, and tensions in the Middle East escalate again, there will still be a basis for gold prices to regain upward momentum. At the same time, the Federal Reserve’s monetary policy path will be a decisive factor—if stubborn inflation leads to an extended rate hike cycle, gold will remain under pressure; if economic data deteriorates and prompts a policy shift, gold could see a stronger rebound. Currently, gold prices are forming a new trading center around the $4,500-$4,600 range. Investors should closely monitor the Federal Reserve meeting in June, the next round of US-Iran negotiations on June 5, and the synchronized changes in oil prices and the dollar index. Amid the complex tug-of-war between geopolitical easing and monetary tightening, gold is entering a critical window characterized by high volatility, opportunities, and risks. Additionally, this week is a short week because Monday is Memorial Day, with US markets closed, and the gold market will also close early. However, when traders return on Tuesday and release consumer confidence surveys, economic data may improve. After the unfavorable surprise from the University of Michigan consumer sentiment survey last Friday, market participants will pay special attention to this indicator. The remaining economic data for the week will be released on Thursday, including Q1 GDP and PCE preliminary figures, weekly unemployment claims, and April durable goods orders and new home sales data, which investors should focus on. $XAUUSD