Recently, the international situation has indeed been affecting capital flows. Trump's strong stance on some geopolitical issues has begun to impact US-Europe trade relations. Pension funds in countries like Denmark and Norway are selling off US bonds, indicating that institutional investors' confidence in dollar assets is waning.

What is the result? Gold has become the biggest winner. Tonight, gold prices have already reached around $4,900, just a step away from the historic high of $5,000. Against the backdrop of increasing global economic uncertainty, gold's status as the ultimate safe haven is becoming more and more evident. The market is voting with its feet, and capital is reallocating—this trend is worth paying attention to.