In the context of rising market risk aversion, international spot Gold has once again embarked on a 'new high journey.' Last week (from March 24 to 28), international spot Gold opened at $3024.09 per ounce, reached a high of $3086.75 per ounce, a low of $3002.45 per ounce, and closed at $3085.18 per ounce, an increase of $61.87 or 2.05%, marking the fourth consecutive week of positive closing. This Monday, Gold prices continued to be strong; after COMEX Gold surpassed $3100 per ounce, spot Gold has also firmly stepped over the $3100 barrier. Geopolitical uncertainties and rising concerns about the risk of stagflation in the USA have heightened market risk aversion, driving Gold prices to set new highs since last week. As of the time of writing, the increase in the first quarter has exceeded 19%, the largest quarterly increase since 1986. Looking ahead to the new week, Trump's auto tariffs are about to take effect, the details of the 'reciprocal tariffs' will be revealed, and the US non-farm data will be prominently featured on Friday, keeping market nerves highly tense. Additionally, it will be crucial to see whether Federal Reserve Chairman Powell will continue to uphold the 'transitory inflation' theory, as well as the outlook for the geopolitical situation, both of which will significantly impact Gold price trends. (Xinhua Finance)
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突破3100美元大关后,金价本周剑指何处?
After breaking the $3100 barrier, where will Gold prices aim this week?
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