Analyst on Gold Price | Is Gold Price Expected to See a Modest Rebound?

Independent Analyst

Currently, more and more Federal Reserve officials tend to signal that the next move in interest rates may not necessarily be a cut. For the market, the further delay in the rate cut timeline has become the core variable in gold pricing at present.

Global geopolitical conflicts have fundamentally changed the reserve management logic of global central banks. As a global macro asset with no issuer and without counterparty risk, gold has become the biggest beneficiary of this systemic shift.

Certified Senior Gold Investment Analyst

Middle East geopolitical risks remain elevated, providing a backstop effect for international gold prices. As June begins, the market narrative is shifting — the focus is moving from tensions in the Strait of Hormuz to gradually focusing on US domestic economic data. This week, US non-farm payrolls data will likely be the key variable, with better or worse readings directly influencing the short-term movements of international gold prices.

Zhaojin Refining

Currently, the core contradiction driving volatility in the precious metals market is the tug-of-war between expectations on the Middle East situation and Fed policy. Global central banks’ continuous gold buying provides long-term support for international gold prices, while persistent stagflation risks also limit the downside.

In the short term, the progress of the US-Iran memorandum, US inflation data, and signals from the Federal Reserve may guide the subsequent trend. The international gold price is likely to maintain a wide fluctuation pattern, with the reference range at $4,390~$4,760/oz.

Editor | Jiao Yang  Layout | Jiao Yang  Visuals | Zhang Zongwei