Global turmoil often triggers safe-haven capital flows into precious metals markets. Gold, as a traditional safe-haven asset,’s price fluctuations directly reflect the market’s risk pricing. The performance over the past week is a typical example—gold prices hit a historic high above USD, although they retreated afterward, the weekly close still gained 1.92%. This pattern of surge followed by stabilization reflects the market’s struggle between risk pricing and profit realization. For investors focused on asset allocation, the strong performance of precious metals often indicates that risk assets are under pressure, making it a good time to reassess portfolio allocations.