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CICC Wealth Futures: If Iran compromises, it will ease oil price pressure, and gold's rebound momentum will strengthen
Although Trump still verbally threatens Iran, the effect of the threats has been almost zero, and the capital markets have gradually become desensitized. Iran’s response has become more important. If Iran truly moves toward compromise, the upward pressure on oil prices will significantly ease, and gold will gain rebound momentum. Considering that gold prices are generally high, we have always believed that its participation value is somewhat trivial, and it is better to wait and see. (CICC Wealth Futures)