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CICC Wealth Futures: The main contradiction between the US and Iran lies in the fact that talks and fighting are unfolding simultaneously; both sides still have significant differences on core issues.

K-LinePoet
Communication between the US and Iran has been interrupted for several days, and both sides have resumed sporadic attacks. Currently, the main conflict between the US and Iran revolves around the progress of negotiations while fighting continues. Both sides still have significant disagreements on core issues. The current visible crude oil inventories are rapidly decreasing. If the Strait remains closed in the short term, oil prices are expected to continue strengthening. The trend of oil prices has a very direct impact on gold, and gold prices are now almost a reverse indicator of crude oil movements. Due to geopolitical issues, the short-term trend is difficult to predict, making it challenging for gold to participate, especially since short-term participation has little value. (CICC Wealth Futures)
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