Huatai Futures: Gold price fluctuations are slowing down, market trading expecting enhanced stagflation in the U.S. economy.

The volatility of gold prices slowed down within the week, with a relatively sluggish trend at the beginning of the week; the core reason may lie in the market's concerns about inflation amid soaring energy prices and the liquidity tightening impact triggered by significant fluctuations in the equity market. However, due to the unexpectedly cold non-farm data, the market may lean towards trading the stagflation of the US economy in the short term, which is relatively beneficial for gold prices; silver's logic is similar to gold, but its own volatility is relatively larger, therefore, although buying on dips for hedging can still be continued, more attention is needed for controlling positions and strictly executing stop-loss orders.