Zhongjin Wealth Futures: Gold continues to be insensitive to oil prices.

Oil prices continue to rise, but gold is also rebounding strong. Gold remains insensitive to oil prices, in addition to market perceptions that Trump is unable and unwilling to continue to exert strong pressure on Iran. The market is also gradually realizing Powell's intentions to cut interest rates. We still believe that once oil prices fall, gold still has a chance to rebound.