Deep Tide TechFlow News, April 4th, China International Capital Corporation (CICC) research report suggests that the US-Iran conflict has led to a sharp rise in oil prices, with inflation risks taking the lead. Market expectations of a change in the Federal Reserve's rate cut path have brought selling pressure on the gold ETFs accumulated last year. Meanwhile, liquidity shocks have also fueled short-term corrections through the futures and options markets. The current Middle East geopolitical situation may be entering a critical window, with oil prices facing upward or downward choices. The pricing focus in the gold market may shift toward assessing the impact of supply shocks on "stagnation," and the previously priced-in rate hike expectations may need revision. Looking ahead, CICC believes that whether it is the oil price correction after geopolitical de-escalation, the return of monetary policy to easing, or the increased recession pressure from supply shocks triggering the safe-haven value of gold, there is potential for upward correction in gold investment demand and prices. (Jin10)