国际金价新一轮上涨即将启动，耐心等待终有回报

Core Viewpoint - The international gold price is expected to start a new round of increases, but it requires patience as the positive fundamentals need time to develop [3][16]. Geopolitical Situation - Recent discussions about a new round of talks between Ukraine, the U.S., and Russia are set for early March, which may temporarily suppress gold prices as the market adopts a wait-and-see approach [3][5]. - The ongoing tensions regarding Iran's nuclear program are crucial for supporting gold prices, with the U.S. imposing permanent sanctions and not allowing Iran to set expiration dates for these sanctions [5][11]. - The potential for U.S. military action against Iran could lead to increased oil prices, which may further drive global inflation, thus supporting gold prices [5][7]. Economic Policies and Market Sentiment - Trump's recent statements indicate a disregard for legal rulings on tariffs, which could heighten market uncertainty and increase demand for gold as a safe haven [9][11]. - The emphasis on maintaining low interest rates to stimulate the economy is a positive signal for gold, as lower rates typically lead to higher gold prices [11][16]. - The ongoing geopolitical tensions, particularly with Iran, are expected to persist, providing a long-term support for gold prices [11][16]. Market Conditions - Current market conditions show that supportive fundamentals for gold are gradually developing, and investors should remain patient as these factors have not yet fully materialized [13][14][16]. - Upcoming economic data, such as initial jobless claims, may not significantly impact gold prices, as the long-term upward trend remains intact [13][14].