Core Viewpoint - The geopolitical tensions arising from the U.S. capture of Venezuelan President Maduro have increased demand for safe-haven assets, leading to a significant rise in gold prices [1]. Group 1: Gold Market - Spot gold prices increased by 1.86%, trading around 989.73 yuan per gram [1]. - The rise in gold prices is attributed to heightened geopolitical risks and increased demand for safe-haven assets [1]. - In 2025, gold prices are expected to surge by 64% year-over-year, driven by expectations of interest rate cuts, safe-haven demand, and inflows into ETFs, marking the largest annual increase since 1979 [1]. Group 2: Economic Indicators - The market anticipates the release of key economic data, including the U.S. December ISM Manufacturing PMI, which is expected to be slightly below the neutral line [1]. - The U.S. non-farm payroll report is set to be released on Friday, with expectations of an addition of 55,000 jobs [1]. Group 3: Federal Reserve Policy - Philadelphia Fed President Harker indicated that further interest rate cuts may need to wait, impacting market expectations regarding the Federal Reserve's short-term policy direction [1].