ChainThink reports that on June 30, according to market data, international spot gold fluctuated around $4,000 per ounce, dipping intraday to $3,943.66 before rebounding to near $4,030.
This quarter, the international gold price fell by approximately 13%, marking the largest quarterly decline since the second quarter of 2013.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, stated that after gold prices fell below $3,960, short sellers did not push the decline further, and with oil prices retreating easing inflation concerns alongside short covering, gold rebounded above $4,000. However, a sustained hold above $4,100 is required to confirm the formation of a阶段性 bottom.
Swissquote Senior Analyst Ipek Ozkardeskaya views $4,000 as a key support level, noting that downside risks remain until the price recovers above $4,115; if the downtrend continues, the next target could be $3,680.
Additionally, Jay Kaeppel, a researcher at Sentimentrader, noted that historically, the period from late June to early September tends to be a time of relatively strong gold performance, potentially providing some short-term support for gold prices.