On April 15, COMEX gold experienced a volatile decline, closing at $4,813.9 per ounce, down 0.75%. Domestically, SHFE gold also fell during the night session, closing at 1,055.72 yuan per gram, a decrease of 0.38%.

Former U.S. President Donald Trump stated that he would dismiss current Federal Reserve Chair Jerome Powell if he does not step down after his term ends, adding that interest rates might fall if Kevin Warsh were to take over. This has once again raised questions about the Federal Reserve's independence. On the geopolitical front, Trump mentioned that the U.S. is "very likely" to reach an agreement with Iran before King Charles III's visit to the U.S. in late April. According to Bloomberg News, the U.S. and Iran are considering extending the ceasefire by two weeks. Overall, the market remains optimistic about the progress of subsequent negotiations to end the U.S.-Iran conflict, with risk appetite continuing to trend favorably.

However, The Washington Post reported that U.S. officials indicated the Pentagon plans to send thousands of additional troops to the Middle East in the coming days. The Trump administration aims to use this move to pressure Iran into reaching a deal that could end weeks of conflict. After an initial boost earlier in the week from eased war risks and weaker U.S. Treasury yields and the dollar index, short-term bullish drivers for gold have weakened. The market remains cautious about the negotiation process, and attention must be paid to potential short-term price fluctuations resulting from geopolitical uncertainties.