底层逻辑，彻底说明！

Group 1 - The core viewpoint of the article highlights the recent surge in gold prices, driven by geopolitical tensions and weakening dollar credit due to proposed tax reforms [1][2] - Gold prices on COMEX rose by 1.83%, closing at 3301.4 points, while the Hong Kong and A-share gold sectors saw increases of nearly 5% and over 2%, respectively [1] - The potential Israeli attack on Iranian nuclear facilities has heightened market anxiety, making gold an attractive safe-haven asset [1][5] Group 2 - Goldman Sachs believes that the impact of tax reform is outweighed by the negative effects of tariffs, which are weakening the U.S. economy [2] - There is a significant amount of capital betting against U.S. Treasury bonds, with expectations that the 10-year yield will rise towards 5%, prompting investors to seek refuge in gold [5][6] - The current market sentiment is more optimistic than in early April when tariffs were imposed, making it challenging for gold to surpass previous highs in the short term [6] Group 3 - The article discusses advancements in solid-state battery technology, which could enhance safety and performance compared to traditional liquid lithium batteries [7][8] - Researchers have identified the short-circuiting process in solid-state batteries, leading to potential solutions that could accelerate commercialization and impact various sectors like electric vehicles and robotics [9] - A report from Morgan Stanley indicates that the Chinese stock market has outperformed other markets, with significant returns noted for indices like the Hang Seng and MSCI China [10][11] Group 4 - Morgan Stanley has set optimistic targets for major Chinese indices, predicting a 5% increase for the Hang Seng Index and MSCI China by mid-2026 [12] - The report suggests that China will continue to implement accommodative policies, with potential fiscal measures to stimulate the economy in the latter half of the year [12][13] - Observations will be made regarding the expiration of the 90-day tariff pause between China and the U.S., which could influence economic growth assessments and policy adjustments [13]