讀後心得

Gold prices in New York fell last Friday, as the tariff policy of the Trump administration led investors to sell off assets such as gold. June gold futures dropped 2.76%, settling at $3,035.40 per ounce; spot gold also fell 2.48%, priced at $3,038.24 per ounce. Gold reached an all-time high of $3,167.84 on April 3 but subsequently turned downward. Although gold is still seen as a safe haven in unstable markets, it could not escape the impact of market risk sentiment. U.S. stocks fell sharply on the same day, with the S&P 500 index recording its worst performance since 2020, as market bets on a Federal Reserve interest rate cut increased. Despite facing the impact of tariffs, gold prices have benefited this year from the turbulent economic and geopolitical situation, with a cumulative increase of nearly 16%.

Last Friday, gold prices in New York fell, sliding further away from recent record highs, primarily due to the impact of U.S. government tariff policies, which led investors to continue selling gold and other assets. The June gold futures price in New York dropped by $86.30, a decline of 2.76%, settling at $3,035.40 per ounce; meanwhile, the spot gold price also fell by $77.10, reporting at $3,038.24 per ounce, a decrease of 2.48%. The spot gold price had briefly reached $3,167.84 on April 3, surpassing the historic high of $3,149.00 set on April 1. In summary of last week's performance, the gold futures price declined by 2.53% on a weekly basis, while the spot gold price decreased by 1.52%. Following the U.S. President's announcement of more aggressive tariff measures, there was a pervasive concern regarding the impact of the global trade war in the market.

Last Friday's gold prices extended the downward trend from Thursday, with investors continuing to sell gold and other types of assets. Following Trump's latest tariff statement, gold prices surged to a historic high of $3,167.84 per ounce on Thursday but quickly reversed and fell. The head of market research noted that the U.S. stock market experienced a historic and significant decline in market value, resulting in substantial losses of wealth. Although gold has maintained a steady position as a safe haven in recent times, it also could not escape the significant impact brought about by major risk-off reactions. U.S. stocks plummeted last Friday, with the S&P 500 index recording its worst weekly performance since March 2020. Investors increased their expectations of a Federal Reserve rate cut, causing U.S. Treasury yields to rise. Despite the tariffs causing some effects, gold prices are still expected to benefit this year from an increasingly turbulent trade, macroeconomic, and geopolitical environment. So far this year, gold prices have soared nearly 16%, with the earlier dramatic rise primarily driven by central bank large-scale purchases, strong Asian demand, and the monetary easing policies implemented by the Federal Reserve.