The World Gold Council pointed out in its latest report that, due to the significant rise in precious metal prices (including silver and platinum) in December and the adjustment of commodity index weights, market volatility may increase in the short term. However, from a longer-term perspective, gold is still expected to follow its fundamental logic. Meanwhile, the U.S. Supreme Court is about to make a ruling on tariff-related policies, which could have a profound impact on the direction of U.S. trade policy. Its effect on gold is complex but may provide support. Additionally, geopolitical tensions continue to escalate, especially recent U.S. actions in Venezuela, which have somewhat strengthened support for gold prices.