Gold prices rebounded quickly after hitting a low in the early trading. After confirming the market bottoming signal, traders gradually entered the market to buy at the bottom, driving the gold price to show a significant upward trend. At the same time, the United States announced the lifting of export restrictions on long-range missiles to Ukraine, which triggered market concerns about the geopolitical situation and to a certain extent promoted the rise in risk aversion sentiment, further supporting the strength of gold prices. From a technical perspective, gold has gained buying power near key support levels, and the momentum of short-term rebound has increased; from a fundamental analysis, the superposition effect of geopolitical factors and market concerns about the risk of economic recession may provide continued safe-haven demand for gold.