📅 June 25, 2026 (Thursday) Gold Market Brief Analysis

🌍 International Spot Gold (XAUUSD)

- Current price: approximately 3980–3985 USD/oz, previous close 3998, down about 0.3%~0.4% intraday

- Yesterday: Wednesday plunged 2.7%, once touched $3959, broke below the key psychological level of $4000, hitting a more than seven-month low

📉 Main Reasons for Decline

- Hawkish Fed: Market bets on possible rate hike/delayed rate cut this year, stronger U.S. Treasury yields and USD index, raising opportunity cost of holding gold

- Geopolitical cooling: Easing tensions in the Middle East, improved navigation in the Strait of Hormuz, safe-haven premium faded

- Technical breakdown: $4000 lost and turned into resistance, daily bearish arrangement, short-term weak

🔭 Future Focus

- Tonight's U.S. May core PCE data (around 20:30 Beijing time) is key – if it exceeds expectations, rate hike expectations will rise, gold price may continue to test lower levels (support below 3960/3900); if lower than expected, there may be an oversold rebound, but the bearish pattern remains difficult to change

- Short-term resistance 4000–4020 USD, support 3960 USD (international) / 867 RMB (domestic)

💡 Operation Tips

- For jewelry necessities: can buy in small batches, no need to wait for absolute bottom.

- For investment bottom-fishing: currently in a bearish trend, suggest waiting for PCE data release + chart stabilization signals before considering, do not blindly chase short or heavily bottom-fish.

- For cashing out: recycling reference to market price minus a few to a dozen RMB per gram.

⚠️ The above is market reference, not investment advice. Precious metals are volatile, please note risk control.

Need me to calculate the purchase cost of a certain brand's gold jewelry/bullion, or follow up on tonight's PCE update? #以太坊基金会重组降本