Shenchao TechFlow News — On June 26, according to Jint10 Data, CICC released a research report saying that since March, the international gold price has at one point fallen below 4,000 USD/ounce, retreating more than 25% from the early-March peak of 5,321 USD/ounce. The report noted that the Iran–U.S. conflict driving oil prices and inflation expectations higher, as well as the hawkish signals released by the June FOMC meeting, are the main factors behind the gold price adjustment.



CICC believes that the market is currently pricing in the Federal Reserve delivering one rate hike in each of 2026 and 2027, but U.S. inflation may have already peaked. Among the 18 voters, half support at least one rate hike within the year, but this does not mean the Fed has fully shifted toward tightening. The firm said that this round of gold pullback is not the end of the bull market, and it advises maintaining positions and buying on dips.
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