Zhongjin Wealth Futures: Currently, gold is constrained by unpredictable oil price factors.

Israel has withdrawn from Lebanon, and oil prices have fallen significantly. Currently, the US-Iran conflict is still in the stage of verbal governance by Trump. Trump said "negotiations are going smoothly, an agreement may be reached by the weekend." However, the fact is that the US-Iran conflict continues to escalate, with huge differences between the two sides. US crude oil and petroleum product inventories have plummeted to their lowest levels since 2004, with May exports reaching a record high of 5.9 million barrels per day and strategic reserves depleting rapidly. Some industry insiders have issued warnings that if the Strait of Hormuz remains closed, oil prices could surge to over $150, and currently, the value of gold is constrained by unpredictable oil price factors, with little participation value, so it is advisable to wait and see.