According to the news from Bijie.com, gold futures fell 0.4% to $2,642.20 per troy ounce, but were basically flat for the week. Gold traded in a narrow range during the holiday. Goldman Sachs analysts pointed out that geopolitical tensions continued to heat up, and safe-haven demand supported gold prices. The situation in the Middle East is uncertain, the Russian-Ukrainian war continues, and the relationship between the United States and China is tense. The Federal Reserve's more hawkish stance has limited the potential gains of gold, and the market expects the Federal Reserve to cut interest rates less in 2025. Higher interest rates generally weaken the appeal of interest-free gold.