The final trading of the E Fund Gold Mining ETF (02824) rose more than 5%, closing at a 5.01% increase, at HKD 11.52, for a total of HKD 4.0739 million. On the news front, on May 5th, President Trump of the United States announced that, due to "significant progress" in the comprehensive agreement reached with Iran, the "free plan" operation aimed at guiding ships through the Strait of Hormuz will be temporarily suspended. Earlier, Iran had made concessions in the new negotiation proposal submitted in early May, no longer demanding that the U.S. lift sanctions first, and agreed to open the Strait first. Relevant analysis pointed out that with signs indicating that the ceasefire between the U.S. and Iran is still holding, market concerns about full-scale war have decreased, helping to ease concerns about rising inflation and causing gold prices to rise. As of May 6th, the Asian market gold price rebounded strongly by nearly 1.2% in the morning session, returning above $4600. Zhengxin Futures believes that in the short term, precious metal prices are in a range-bound volatility; in the medium to long term, strategic reserve demand for gold will support the price, structural problems in the U.S. labor market remain unresolved, the pace of rate cuts is only delayed, and long-term rate cut expectations still exist, providing long-term price support for gold.