The recent plunge in gold and silver prices is still unclear, but there are basically three pieces of news that could be related. One is the CPI data set to be released tomorrow night being leaked early, another is Russia possibly rejoining the dollar system, and the last one is the potential agreement between the U.S. and Iran. Improved U.S.-Russia and U.S.-Iran geopolitics will undoubtedly reduce geopolitical risk sentiment, which is bearish for gold. As for Wednesday’s explosive ADP employment data, it makes Friday night’s CPI even more anticipated. If inflation also rebounds beyond expectations, it would indicate an overheating U.S. economy from the data perspective. This would further suppress rate cut expectations, making the already fragile liquidity even more strained. As a result, $BTC would face greater selling pressure, and the price would then...