Crude oil has declined sharply, but the rebound in gold has been limited. The core is Iran's increasingly strong attitude and the huge difference in asking prices between the US and Iran. Furthermore, the policy framework of the weak-minded Trump administration is highly reactive. Every time energy prices soar sharply or financial assets are clearly sold off, it spontaneously TACO; and when oil prices fall back, Trump begins to show his toughness again. The nature of this strong internal structure is fully understood by the capital market. There is still an expectation that oil prices will fluctuate, and the trend in the gold market is polarized.

Crude oil has declined sharply, but the rebound in gold has been limited. The core is Iran's increasingly strong attitude and the huge difference in asking prices between the US and Iran. Furthermore, the policy framework of the weak-minded Trump administration is highly reactive. Every time energy prices soar sharply or financial assets are clearly sold off, it spontaneously TACO; and when oil prices fall back, Trump begins to show his toughness again. The nature of this strong internal structure is fully understood by the capital market. There is still an expectation that oil prices will fluctuate, and the trend in the gold market is polarized.