As the geographical situation shows signs of heating up again, market risk sentiment is currently growing, and demand for gold investment may weaken slightly; however, there has been no significant change in the bullish logic. The situation between the US and Iran may shift from short-term intense conflict to long-term confrontation, but it will not have an impact on the logic of gold as an alternative to US dollar assets; currently, the logic of silver and gold is similar, maintaining a cautious and biased view.

As the geographical situation shows signs of heating up again, market risk sentiment is currently growing, and demand for gold investment may weaken slightly; however, there has been no significant change in the bullish logic. The situation between the US and Iran may shift from short-term intense conflict to long-term confrontation, but it will not have an impact on the logic of gold as an alternative to US dollar assets; currently, the logic of silver and gold is similar, maintaining a cautious and biased view.