Guangda Futures: Gold volatility intensifies, will there be a second bottom probe in the short term?

Overnight, spot gold in London fluctuated and fell back, with COMEX gold futures dropping by 3.85% and SHFE gold falling by 2.83%. Various parties have different statements regarding whether the US and Iran will successfully enter into peace negotiations: currently, the US has proposed a ceasefire agreement with 15 points; Iran has rejected the US proposal and put forward its own conditions for a ceasefire, including demanding compensation; Israel is concerned that the war may end abruptly and is rushing to carry out as many air strikes as possible on targets in Iran. The current market trading difficulty has increased, with the volatility of the macro environment repeatedly factored in, indicating that gold has not yet stabilized, and it may be advisable to continue observing in the short term. Various types of assets are showing different performances. US stocks, bonds, and the US dollar have all experienced varying degrees of decline, with tech stocks taking a heavy hit, chip stocks plummeting by nearly 5%, dragging the Nasdaq down by over 2%; US bonds are falling, with yields continuing to rise, the 2-year yield increasing by over 10 basis points, the 7-year yield rising by 9.6 basis points, reflecting strong market pricing for "higher rates for longer, delay in rate cuts or even no rate cuts"; the US dollar rose by over 0.35% at one point during trading but fell to flat by the end of the session. The direction of US-Iran negotiations and conflicts remains uncertain, rising oil prices have sparked concerns about inflation, and short-term risk assets are once again under pressure, requiring caution.