According to Jinshi, gold prices have fluctuated sharply recently. Data shows that since the beginning of March this year, the spot price of gold in London has fluctuated upward rapidly, with a monthly increase of 9.28% in March. However, from April 22 to April 30, gold prices began to fall, with a drop of 4.43% in 7 trading days. Liu Siyuan, chief analyst of Lingxiu Finance, believes that this is mainly due to the strong disagreement in the market about the future. The recent good and bad economic and employment data in the United States have led to the Federal Reserve's increasingly cautious attitude towards interest rate cuts, and the "window" for interest rate cuts has been repeatedly postponed. Short-term gold bulls use the Fed's expectations of interest rate cuts to continue to push up gold prices, overdrawing the expected increase, resulting in very sensitive market sentiment. Once the US economic data is not conducive to interest rate cuts, short-term bulls will quickly cash in profits and leave the market, causing gold prices to fluctuate sharply.