$XAU Everything that Old Trump does is to maintain the dollar's dominance. At first, he controlled the Strait of Hormuz, forcing countries to use more dollars to buy oil, causing the dollar index to rise from 97 all the way to 100.6. After the US signed an MOU with Iran, the market generally believed that oil prices would pull back and the demand for dollars would weaken. However, Old Trump signaled a rate hike through Walsh, stirring up expectations for a rate increase, which suppressed gold prices and allowed the dollar index to continue climbing. At this point, Old Trump's intentions are pretty clear: he wants the dollar to remain strong, gold can rise, but it can't outperform the dollar. As for whether the Fed will actually hike rates? My answer is no. Now that the Strait of Hormuz is open, oil prices will drop, and inflation will come down as well. The most important thing is that US debt has exceeded $39 trillion; raising rates would crash the debt. A rate hike is also unacceptable for the current US stock market; it would be like popping the bubble prematurely. Old Trump won’t let the stock market crash ahead of the midterms, so he, Bessent, and Walsh can only use various methods to keep the dollar as the world's strongest credit currency. However, if a financial crisis occurs, the Fed will not hesitate to release liquidity. I still have faith in gold, but its performance won’t be great in the short term. Let's keep the funds in AI for now; I’ll notify you of opportunities later.