Regarding gold, I believe it will rebound. Trump claims smooth communication with Iran and releases news that there will be no war within five days. In essence, this is the U.S. taking the initiative to back down. Consequently, the oil shipping risk has completely reversed, and the market has begun betting on weaker oil prices. With the expectation of lower oil prices, inflationary pressure eases accordingly, and the Fed's interest rate cut narrative is resurfacing. This directly benefits gold. At the same time, the U.S. showing weakness externally will also suppress the dollar, further providing a floor for the gold price. Although after tensions ease, the market's safe-haven demand will be cleared out, which in theory should be bearish for gold, this impact is very weak at the current juncture and cannot offset the bullish momentum brought by interest rate cuts and a weak dollar. Therefore, gold is estimated to follow the trend and stage a rebound.$Gold(IN00380.US)$SPDR Gold Shares(GLD.US)