Iran and the United States reignited clashes at a key strait, increasing geopolitical tensions, which adds uncertainty to the peace process, and market risk aversion sentiment rises accordingly.

Although the short-term situation fluctuates, the core support logic of gold in the medium to long term remains intact. On Friday evening, the US non-farm payroll data will be released soon, with major investment banks having obvious divergent expectations, and the data results may disturb the dollar and Federal Reserve policy expectations, affecting short-term gold market volatility.