#Gate携手Alpaca链接数字资产与股票金融交易 📊 Latest Spot Gold Market行情（2026-06-04）

- International Spot Gold: approximately $4430–$4440 per ounce, intra-day oscillating slightly weaker, yesterday's close at $4488, highest touched $4496
- Domestic reference: Shanghai Gold main contract approximately ¥973–¥981 per gram, retail branded gold jewelry approximately ¥1365–¥1375 per gram

🔍 Recent Price Movements and Reasons

- Bearish (downward pressure): Hawkish expectations for the Federal Reserve (high interest rates + balance sheet reduction), U.S. Treasury yields staying high, increasing the cost of holding gold; the dollar is relatively strong; recent gains have led to profit-taking pressure; rising oil prices → inflation expectations → delaying rate cuts, which suppresses gold prices
- Bullish (support at the bottom): Middle East geopolitical tensions (U.S.-Iran deadlock) providing safe-haven buying; global central banks continuing to buy gold (de-dollarization), with strong positioning around the $4400–$4450 region providing support

📈 Key Technical Levels

Direction Level (USD/oz) Explanation
Strong Resistance 4500 / 4550–4580 4500 is an important psychological threshold, oscillating before stabilizing
Short-term Resistance 4490–4500 Intraday rebound resistance
First Support 4450 / 4420–4430 Short-term bullish/bearish dividing line
Strong Support 4400 / 4350–4380 A daily close below 4400 opens deeper correction space

The daily chart is in a high-level oscillation and adjustment phase, with the short-term 4-hour trend slightly weak, but as long as the 4400–4450 support zone holds, the medium- to long-term bullish structure remains intact.

🔮 Market Outlook

- Short-term (this week): Focus on U.S. ADP, "Non-farm Payrolls" (NFP) and Friday’s employment data. If data is strong → dollar strengthens → gold may test support at 4450/4400; if data is weak → easing expectations increase → rebound to test 4500–4550. Overall, June is expected to see wide-range oscillation around high levels (about 4400–4580), with no clear trend of large upward or downward moves.
- Mid-term: Global central bank gold purchases + de-dollarization still support a long-term bull market, with institutional year-end target prices mostly in the $5400–$6300 range (awaiting signals of Fed policy shift). If support at 4450 is broken, caution is needed for deeper corrections toward 4300–$4350.

⚠️ Risk Warning: The above is a market analysis summary and does not constitute investment advice. Gold prices are volatile; please manage positions carefully and set stop-losses. Pay attention to U.S. employment data this week and geopolitical emergencies.

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