CICC Wealth Futures: Overall, gold remains in a range-bound pattern.

Ahead of the Federal Reserve's decision, the U.S. Treasury market remained calm. Oil prices edged lower and gold rebounded slightly, but the Middle East risk premium has not faded. Trump said that on whether to reach an agreement with Iran or resume strike operations, "the time for a decision is drawing ever closer." Whether the U.S. military launches a new round of strikes will significantly affect major asset prices. Overall, gold remains in a range-bound pattern; patiently wait for the FOMC meeting and for the geopolitical situation to become clearer.