Zhengxin Futures: Precious metal prices continue to rebound, and the precious metals market still faces significant uncertainty in the short term.

Regarding the Iran situation, earlier yesterday, the U.S. claimed that an F-35C fighter jet shot down a drone approaching the USS Abraham Lincoln in self-defense. A few hours later, the U.S. military accused the Islamic Revolutionary Guard Corps of Iran of “harassing” a U.S. commercial vessel sailing in international waters. A series of incidents have reignited alerts in the Strait of Hormuz, and although negotiations are ongoing, the risks of misjudgment and military conflict still exist. The U.S. government resumed operations after President Trump signed a funding agreement with the Democrats, but the government shutdown caused the non-farm employment data scheduled for release on Friday to be delayed. This makes it difficult for the market to observe the actual changes in U.S. employment, and attention will instead focus on the ADP employment data released tonight. If the data falls short of expectations, precious metal prices may come under pressure. Overall, after two consecutive days of sharp rebounds, the precious metals market still faces significant uncertainty in the short term. Caution is advised when operating to manage volatility risks. (Zhengxin Futures)