According to Jinshi.com, on June 8, gold shops in Beijing were affected by the sharp drop in international gold prices and the Dragon Boat Festival promotions, offering great discounts. Lao Feng Xiang reduced the price of one gram by 70 yuan. GF Securities predicts that in the short term, gold prices may face technical resistance after the previous sharp rise. The Fed's interest rate cut expectations have failed, and the 10-year US Treasury yield has continued to rise. Gold may face correction pressure due to long profit-taking and exit. However, in the medium and long term, there is no sign of a reversal of the factors driving the rise in gold prices.
