Media: Gold and silver will see a re-pricing.

The United States and Israel launched a raid on Iran, but the missiles not only landed on Iran but also sent shockwaves that crossed mountains and seas, impacting the global economy. "Buy gold in troubled times" is not just a slogan, it is the instinct of global capital. Tian Lihui, Dean of the Institute of Financial Development at Nankai University, gave a clear judgment: gold is currently in a dual game of "safe-haven property" and "real interest rates". Short-term safe-haven demand dominates, with funds pouring in to boost gold and silver prices. The medium-term trend depends on changes in real interest rates: if high oil prices lead to stubborn inflation and central banks maintain high interest rates, the continued high real interest rates will weaken the attractiveness of gold; if conflicts lead to expectations of economic slowdown, and expectations of interest rate cuts increase, a decrease in real interest rates will give gold more lasting momentum. In his view, the current price of gold is in a "pulse-driven" phase driven by geopolitics. Whether it can open a long-term bull market depends on whether the conflict evolves into a "paradigm shift" that disrupts the global monetary system. For ordinary people, gold is both a safe haven and a volatile field, so caution is still needed when chasing high prices.