The gold market has changed little, and the trend is quite volatile. Its short-term fluctuations are still closely related to oil prices and the US dollar index. Rumors of a compromise agreement between the US and Iran yesterday triggered a rebound in gold, but then declined after Iran's clarification. The precious metals market was still under alternating pressure from high oil prices, high US bond yields, strong US dollar, and interest rate hikes, maintaining a weak trend of volatility.

The gold market has changed little, and the trend is quite volatile. Its short-term fluctuations are still closely related to oil prices and the US dollar index. Rumors of a compromise agreement between the US and Iran yesterday triggered a rebound in gold, but then declined after Iran's clarification. The precious metals market was still under alternating pressure from high oil prices, high US bond yields, strong US dollar, and interest rate hikes, maintaining a weak trend of volatility.