Next week's market highlights are numerous. Secretary of State Rubio plans to hold talks with top officials from Denmark and Greenland, while Trump has reiterated his interest in Greenland during an interview — "ownership is key." Although how this develops remains uncertain, if tensions between Europe and the US escalate, where will safe-haven funds go? Gold. International spot gold may seize the opportunity to build upward momentum.

Things are also heating up on Iran's side. Anti-government protests have erupted in Tehran and across many parts of the country. Trump has warned that if Iran uses force to suppress these protests, the US might intervene. Iranian Foreign Minister Araghchi responded firmly: "The US and Israel have tried before, and it all failed. Doing it again will have the same result, but we don't want to fight." In plain terms, both sides are flexing their muscles, and market risk sentiment needs to be reassessed. If the Iran conflict expands and the US gets involved, gold's safe-haven properties will shine brightly.

But gold and silver still face a hurdle — next week, the major indices like the S&P Goldman Sachs Commodity Index and Bloomberg Commodity Index will undergo annual rebalancing. At that time, gold and silver futures may experience significant sell-offs, which is a real risk right in front of us. Market opportunities and traps appear simultaneously; those with boldness need to weigh their options carefully.