关税裁决激起避险潮：贸易协定陷入“一团糟”，黄金一度破5170美元关口

Group 1: Gold Market - The U.S. Supreme Court's limitation on President Trump's tariff powers has created uncertainty in trade agreements, leading to a rise in gold prices, which increased by 1.3% to over $5,170 per ounce [1] - Following the Supreme Court ruling, the dollar weakened, making gold cheaper for many buyers, contributing to its recovery from a recent decline [1] - Gold prices have risen for three consecutive weeks due to ongoing geopolitical tensions and investor caution regarding sovereign debt and currencies [1] Group 2: Oil Market - The prospects of U.S.-Iran nuclear negotiations are impacting the oil market, with Brent crude prices approaching $71 per barrel, despite concerns over potential military actions by the U.S. against Iran [2] - Iranian Foreign Minister Abbas Araghchi indicated a diplomatic solution is possible, with upcoming negotiations in Geneva [2] - Market participants are hedging against potential supply disruptions due to U.S.-Iran tensions, leading to increased trading activity in futures and options markets [2] Group 3: Regional Oil Production - Saudi Arabia, Iraq, and Kuwait transport oil through the Strait of Hormuz, with Iran producing over 3 million barrels of oil daily, accounting for about 3% of global output [3] - Despite concerns over escalating Middle Eastern hostilities, the Brent crude spot price spread has narrowed, indicating a change in market sentiment [3] - Monitoring time spreads and OPEC discipline is crucial, as tightening in the refined oil market could signal real supply issues [3]