Group 1 - The core viewpoint of the article is that gold prices have rebounded nearly $600 this week, with spot gold rising above $5,000, reflecting a significant increase of over 2% on February 4 [1] - The chief strategy analyst from China Galaxy Securities, Yang Chao, indicates that the nomination of Kevin Walsh, who has a hawkish stance, as the next Federal Reserve Chairman has led to increased uncertainty in policy direction and concerns over political interference, making gold a key asset for hedging against monetary policy uncertainty [1] - Despite short-term volatility in gold prices, the long-term bullish stance is maintained, with the core logic remaining unchanged, although the market structure is characterized by high volatility and speculation [1] Group 2 - In the short term, if geopolitical conflicts ease and the Federal Reserve clearly maintains high interest rates, it could trigger significant profit-taking, posing major downward pressure on gold prices [1] - The price of gold jewelry has risen to 1,600 yuan [1]