On the 29th, Iran issued a strong alert of military readiness. Amid escalating geopolitical tensions in the Middle East, global financial markets experienced intense volatility, with precious metals, U.S. stocks, and cryptocurrencies all declining. Spot gold plummeted from nearly $5,530 per ounce, breaking below the $5,150 level. It initially rebounded in the past few hours but retested lows earlier at 8 o'clock, dropping as low as $5,110. However, it did not break below last night's low, so whether a short-term reversal has occurred still requires further observation.