[Analyst Says U.S.-Iran Tensions Easing May Impact Gold Market] GianLuigi Mandruzzato, senior economist at EFG International, a UBS Group asset management institution, stated that on January 29, gold briefly touched $5,600 per ounce in the European market before experiencing sharp fluctuations, increasing the risk of a pullback. He believes that although the likelihood is low, easing tensions in Iran may prompt investors to reassess their gold positions. Additionally, the appointment of the new Federal Reserve Chair may boost confidence in dollar-denominated assets, reducing demand for safe-haven assets.