US Stock Market Movement | Risk Aversion Rises, Gold Stocks Strengthen in Pre-market Trading, Spot Gold Surpasses $5400

格隆汇 March 2｜According to reports, Iran's retaliation and the shipping standstill in the Strait of Hormuz have made "risk aversion first" the only creed in the current market. In the afternoon Asian session, spot gold rose over 2%, quoted at $5405.86/ounce; spot silver rose 1.79%, quoted at $95.43/ounce. Most investment banks are bullish on the market outlook. Everbright Securities stated that, with Trump's tariff policies and the ongoing uncertainty in the Middle East geopolitical situation, it maintains its optimistic view on gold prices for the year. If the US Federal Reserve continues to cut interest rates in the second half of the year, and the political uncertainties between the US and other countries persist, these factors are expected to support the upward trend in gold prices.