Zhongjin Wealth Futures: The rebound of gold highly depends on the resolution of the conflict between the US and Iran.

As the blockade of the Hormuz Strait continues, Iran has even established a complete toll system. The dilemma of oil shortage cannot be completely ignored by the economy. The risk of global inflation has a very direct impact on gold. Gold continues to maintain a weak and fluctuating trend, and it is expected that its rebound will be highly dependent on the resolution of the US-Iran conflict. Currently, there is not much value in participating at this position.