CICC Wealth Futures: The tight situation of diesel and other refined fuels may continue to push up inflation pressures, while the extent of the rebound in gold is significantly affected by expectations in the crude oil market.

Oil prices have fallen, and gold has rebounded, although the extent of the rebound is relatively mild. However, considering the geopolitical situation remains complex, even if the straits reopen, it will still take 18 months for inventories to recover. The tight supply of refined oil such as diesel may continue to exert upward pressure on inflation, and the extent of gold's rebound is significantly influenced by expectations in the crude oil market.