[Everbright Futures: Spot Gold Returns to $4,500/oz, Has the "Oil Up, Gold Down" Trend Ended?] The market continues to focus on the U.S.-Iran conflict. The U.S. President stated that U.S.-Iran negotiations "may be quite close to reaching an agreement," and Iran has agreed never to possess nuclear weapons. Reports suggest that the U.S. is considering a one-month ceasefire and has proposed 15 negotiation terms. The easing expectations in U.S.-Iran relations have become the main factor driving recent market sentiment recovery. This also highlights the market's sensitivity to geopolitical developments. However, the direction of U.S.-Iran negotiations and conflicts remains highly uncertain, which means gold prices may still be in a high-volatility range. Conservative investors may choose to continue observing, while aggressive investors are advised to adopt a strategy of buying on dips and holding, especially after a rapid release of bearish sentiment, which provides a better buying opportunity. Silver, platinum, and palladium are currently fluctuating in line with gold, increasing operational difficulty. Gold's role as the "ballast" of precious metals remains significant. Pay attention to when gold prices return to an upward trajectory and act when the timing is right. (Everbright Futures)