Asian markets continue to see gold prices rise, primarily driven by safe-haven sentiment. On Tuesday, Trump told protesting Iranians that "aid is on the way," which directly ignited market concerns over escalating geopolitical conflicts.

German bank analyst Carsten Fritsch's assessment is straightforward—large-scale protests within Iran are injecting sustained upward momentum into gold prices. The key point is that traders are reassessing the likelihood of U.S. government intervention in military actions. Once this expectation materializes, the appeal of safe-haven assets will further increase.

What does this mean for traders? The tug-of-war effect between traditional safe-haven assets and cryptocurrencies will reemerge. When geopolitical risks are high, market liquidity often shifts from risk assets to safe havens, directly impacting the funding environment across the entire trading ecosystem. Stay attentive to upcoming political developments, as they will determine the short-term market rhythm.