讀後心得

Last Friday, gold prices in New York fell as the U.S. government's tariff policies led investors to sell off gold and other assets. June gold futures prices dropped by 2.76%, while spot prices fell by 2.48%. Although gold prices reached a historical high of $3,167.84 on April 3, they subsequently turned down. Analysts pointed out that the significant decline in the U.S. stock market affected gold, which is still viewed as a safe haven, but also felt the impact of market de-risking. This year, gold prices have already increased by nearly 16%, driven by central bank purchases and demand from Asia.

Gold prices in New York fell last Friday, further distancing themselves from recent record highs, as the U.S. government's tariff policies led investors to continuously sell off gold and other assets. The June gold futures price in New York dropped by $86.30, a decrease of 2.76%, reporting at $3,035.40 per ounce; while the spot gold price fell by $77.10, a decrease of 2.48%, reporting at $3,038.24 per ounce. Spot gold price hit $3,167.84 on April 3, exceeding the historical high of $3,149.00 set on April 1. Last week, gold futures prices cumulatively fell by 2.53%, and spot prices slid down by 1.52%. Following the U.S. President's announcement of a more aggressive tariff plan, market concerns about a global trade war have spread.

Last Friday, gold prices continued the decline from the previous day, as investors continued to sell off gold and other asset classes. After Trump’s latest tariff statement was issued, gold prices reached a historic high of $3,167.84 on April 3 but immediately turned downward. The head of metals strategy at a research institution pointed out that the U.S. stock market's market value has seen a historic decline, with wealth being severely impacted. Although gold has recently maintained its status as a safe-haven asset, it could not escape the significant risk-off reaction. U.S. stocks plunged significantly last Friday, with the S&P 500 index recording its worst weekly performance since March 2020. Traders increased their expectations of interest rate cuts by the Federal Reserve, leading to a rise in U.S. Treasury bonds. Despite the significant impact of the tariff policies, gold prices this year will still benefit from the increasingly unstable trade, macroeconomic, and geopolitical environment. So far this year, gold prices have risen nearly 16%, following a sharp increase during 2024 primarily driven by massive central bank purchases, strong demand in Asia, and the Federal Reserve's monetary easing policies.