In recent days, traditional safe-haven assets have performed strongly. Spot gold surged to a six-week high, rising by 0.37% to settle at $4233.54 per ounce; silver was even more aggressive, setting a new historical high, nearly reaching the $59 mark, and finally closing at $57.96, with an increase of 2.88%.

Behind this wave of market trends, the main reason is the rising expectations of interest rate cuts in the U.S., leading to a weakening of the U.S. dollar index. As risk-averse sentiment arises, precious metals naturally become a safe haven for funds.

On the other hand, the Governor of the Bank of Japan, Kazuo Ueda, recently signaled a rate hike. The market has not fully digested this news yet, and many are still in a wait-and-see or even panic mode. After all, a change in the yen policy would require adjustments in the global liquidity landscape, which would significantly affect risk assets.