[Everbright Futures: U.S. Stocks, Bonds, and Dollar Tumble, Risk Aversion Drives Gold Higher] Overnight, the gold market fluctuated upward, breaking above the 4750 level, with prices hitting new highs. COMEX gold futures rose 3.70%, and SHFE gold closed up 1.98%. As risk sentiment receded and risk aversion intensified, U.S. stocks, bonds, and the dollar experienced a triple decline, while Bitcoin plunged significantly, and gold strengthened. Geopolitical tensions remain high, with the Greenland issue continuing to draw attention. Tariffs remain a tool for the U.S. to exert external pressure in pursuit of concessions. In the short term, gold should be approached with an optimistic outlook. (Everbright Futures)