Zhongjin Wealth Futures: The oil price not being out of control significantly alleviated the pressure on the gold market.

The point of view of ICBC Wealth Futures states that since the US-Iran conflict, the Strait of Hormuz has been blocked and inflation is under pressure, but the oil market is not out of control. The market expects the average price of Brent crude oil in the next 12 months to be locked in the range of $81 to $100, as demand disruption serves as a "natural shock absorber," and the market is transitioning from pursuing uptrends to managing volatility. The fact that oil prices have not significantly spiraled out of control has alleviated pressure on the gold market. Currently, gold prices still fluctuate with US stocks and are also influenced by oil prices, with no clear trend.