#美以伊冲突升级 I just watched gold rise by dozens of points 😅. The conflict management approach of the Trump administration generally follows a cycle of “deterrence - escalation - negotiation.” Although the rhetoric appears tough on the surface, actual military actions are often constrained by domestic politics, international allies’ positions, and cost assessments, ultimately possibly shifting toward negotiation. For example, related articles show that Trump has shifted from threats to revealing contacts with Iran, even reaching a ceasefire, accompanied by a rebound in risk assets. This pattern indicates that extreme rhetoric may be a negotiation strategy aimed at maximizing leverage rather than always seeking full-scale war. Sooner or later, gold will 📉