Regarding US President Trump's statement that the US and Iran will begin negotiations on the 3rd. Iran denies initiating negotiations with the US, and the Iranian media revealed that this is the 10th time Trump has backed down in the face of a “decisive” military threat against Tehran. Although there is still a large amount of market capital that is convinced of Trump's TACO, the upward trend in the crude oil market has not changed, and we need to continue to pay attention to the impact of oil price trends on gold in the short term.

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