Group 1 - The article discusses the new phase of the U.S.-China confrontation and questions the ongoing support for gold [3][4] - Recently, gold prices have surged by 3% in the domestic market, making it a relatively stable investment option amid market volatility [3][4] - Two driving forces for gold are identified: a short-term factor related to geopolitical tensions and a long-term factor concerning the instability of U.S. dollar assets [4] Group 2 - Short-term factors include potential military actions by Israel against Iran, which have created a sense of insecurity, thus boosting gold and oil prices [4] - Long-term factors highlight the instability of U.S. dollar assets, which have reached high levels after a month of rebound, creating a precarious situation [4] - The current state of U.S.-China relations shows a lack of recent communication, particularly regarding tariff discussions, which may lead to unmet expectations [5]

一：风险偏好提升。当贸易紧张缓和，经济前景变得明朗。投资者更愿意承担风险。资金，从避险资产（如黄金）流向成长性资产（如科技、新兴市场）。 #换个角度看世界#美股盘前：冰火两重天 市场，风云变幻。前一刻，也许平静。后一刻，已是波涛汹涌。 这种变化，有时发生在盘中。有时，甚至在盘 前，正式交易开始之前。 近日，美股盘前，一场大戏，悄然上演。有人，冲向云霄。有人，跌入深渊。 主角之一。中概股，在美上市的中国公司股票。曾 几何时，备受冷落，甚至质疑。 现在呢？它们，大涨，像沉睡的雄狮，突然惊醒。小鹏汽车，涨幅约8%。阿里巴巴，涨幅约7%。数字跳跃，惊人。 另一 拨科技股，也跟着狂欢。苹果，这样的巨头，也涨了约5%。科技的力量，依然不可小觑。 | U. W. W. T. | | | | | --- | --- | --- | --- | | 証指数 000001 | TEN | 4414980.67 | 250M4436 . 27 | | 456815 | 47102 | | | | 454675 | 460122 | | | | 451759 | 9348092 | | | | 59066103 | | | | | ...