Bulls and bears factors intertwine, international gold prices experienced increased volatility this week.

This week, the international gold price has been on a roller coaster, gradually stabilizing after three consecutive days of decline. As of July 10th, the spot price of gold in London was hovering around $4100 per ounce. On the news front, there is increasing divergence in the market's assessment of the Federal Reserve's future interest rate hike path; at the same time, there have been fluctuations in the geopolitical situation in the Middle East, with more uncertainties, leading to a significant increase in the bullish and bearish competition in the gold market. Industry insiders believe that in the short term, expectations of Federal Reserve policy and the Middle East situation will dominate the pace of gold price fluctuations; in the medium to long term, factors such as continuous gold purchases by global central banks and increasing global economic uncertainty will continue to provide structural support for gold.