[Analyst: Risk Appetite Impacts Gold Prices, Future Gold Prices Likely to Face Further Pressure] Reported by Jinse Finance, June 29 — During the Asian early trading session, gold prices declined. Capital Economics analyst Kieran Tompkins noted in a report that the market's deteriorating risk appetite for AI-related assets has affected commodities, including gold. Last week, gold was one of the most impacted assets. He stated that the "golden metal," traditionally viewed as a safe-haven asset, is increasingly behaving like a risk asset. He pointed out that in the fourth quarter of last year, extreme speculative behavior led to significant price volatility. He also mentioned that during the U.S.-Iran conflict, the performance of this precious metal was notably poor. The economist predicts that as speculative enthusiasm gradually cools and the stock market weakens, gold prices will face further pressure. He highlighted that gold's correlation with the benchmark S&P 500 index is currently at its highest level in approximately 14 years.