Gold Market Update – On February 9, the benchmark 10-year U.S. Treasury yield closed at 4.208%, while the policy-sensitive 2-year Treasury yield finished at 3.5%. Precious metals staged another V-shaped reversal. Following the CME Group's sixth increase in margin requirements for gold and silver futures, spot gold opened lower, touching a low of $4,655.57 per ounce before rallying steadily. It rebounded more than $200 from the day's low, eventually closing up 3.9% at $4,965.79 per ounce. Spot silver experienced even sharper swings, plummeting nearly 10% at one point to approach $64 per ounce, before rapidly recovering losses to finish the day up 9.89% at $77.798 per ounce. International crude oil traded within a range as indirect talks between Iran and the U.S. in Oman failed to significantly ease investor concerns over potential military conflict. WTI crude twice climbed above $64 per barrel during the session but retreated each time, ultimately settling up 0.59% at $63.53 per barrel. Brent crude closed 0.74% higher at $67.54 per barrel.

Latest Gold Price Movement – Last week, the gold market opened lower at $4,780.1 per ounce. It initially filled the gap by rising to $4,886.6 per ounce, then experienced a sharp decline, hitting a weekly low of $4,398.4 per ounce. After finding support, it staged a strong rally, reaching a weekly high of $5,093.26 per ounce before consolidating. The week concluded with gold settling at $4,964.3 per ounce, forming a candlestick pattern with an extremely long lower shadow resembling a hammer. This pattern suggests the formation of a large consolidation range on the weekly chart, indicating a potential breakout. In summary, gold has rebounded from its lows, and continued upward momentum is anticipated. For today's trading, focus will be on buying on dips as the primary strategy, with selling on rallies as a secondary approach. Resistance is observed near $5,100–$5,353, while support lies around $4,930–$4,800.

Latest Crude Oil Price Movement – U.S. crude oil opened lower last week at $64.033 per barrel. It initially declined to a weekly low of $61.115 per barrel, then staged a strong rally to a weekly high of $65.571 per barrel before pulling back. The week ended with crude settling at $63.503 per barrel, forming a long-legged doji candlestick pattern with equal upper and lower shadows. This pattern indicates that crude oil remains in a range-bound consolidation phase. In summary, oil is in a back-and-forth adjustment phase, though upward potential remains. For today's trading, the strategy will prioritize buying on dips, with selling on rallies as a secondary tactic. Resistance is expected near $64.356–$65.0, with support around $62.5–$62.0.

Latest Nasdaq Index Movement – The Nasdaq index opened last week at 25,403.22 points. It initially rose to a weekly high of 25,917.43 points, then experienced a sharp decline to a weekly low of 24,138.08 points before rallying into the close. The week concluded with the index settling at 25,011.28 points, forming a candlestick pattern with a longer lower shadow than upper shadow. This pattern suggests a likelihood of further gains. In summary, the Nasdaq has broken out of its consolidation phase, and upward momentum is expected to continue. For today's trading, the approach will emphasize buying on dips as the primary strategy, with selling on rallies as secondary. Resistance is seen near 25,514–25,914 points, while support lies around 24,818–24,327 points.