Report Industry Investment Rating - Gold: ★★★ [1] - Silver: ★★★ [1] Report's Core View - Today, gold and silver fluctuated with repeated ups and downs. Due to new sanctions on Russia by the US and Europe, upcoming new - round trade negotiations between China and the US, and the US sending bombers over the vicinity of Venezuela, global situation uncertainty is high, and risk sentiment is prone to fluctuate. In the short - term, precious metals may enter a phase of high - level oscillation, and it is recommended to wait and watch for investment opportunities. Attention should be paid to the release of US September CPI data tonight [1] Summary by Related Content Global Situation - The US and Europe announced new sanctions on Russia. It is reported that India's imports of Russian oil will drop to nearly zero, and Kuwait said OPEC is ready to increase production to meet rising demand [1] - Trump said "the ground will be the next target" in his anti - drug operation against Venezuela, which may be a major escalation of US - Venezuela tensions. Maduro ordered the indefinite deployment of troops in five states in September [2] Russia - Ukraine Situation - Zelensky said there are domestic missiles with a range of 300 kilometers and land exchange with Russia is unacceptable [1] - Putin believes the US intention seems more like delaying the summit rather than canceling it, and new sanctions will not have a major impact on the Russian economy [1]