According to the Tianfeng Securities Research Report, recent macroeconomic expectations at home and abroad continue to catalyze basic metal prices, and it is still a low season for the industry. If the peak season approaches, it is recommended to pay attention to: China's Hongqiao, Zijin Mining, Gold Chengxin, Luoyang Molybdenum Industry, and Minmetals Resources; we believe that the repetition of short-term US economic and employment data may cause fluctuations in gold prices, but as the negative impact of the high interest rate environment on the economy gradually becomes apparent, the rise in US bond yields may have come to an end, supporting medium term gold prices.