Today's gold is too flat, the core reason? Everyone was waiting with bated breath for the scene in the early morning.

Let's look at three facts first:

The market is collectively pretending to be dead. Who dares to enter the market in a big way now? The buying and selling orders are holding back, the trading volume is sluggish like this, and the price is of course unchanged.

The 25 basis point rate cut was chewed up by analysts last month. There is no new expectation difference, and the market has entered the "power-saving mode" in advance.

There was no moth today - there was no geopolitical fight, no economic data exploded, and there was a lack of the catalyst that could blow up the market.

To put it bluntly, this is the situation: before the resolution is implemented, no one wants to be the fool who does it first. Everyone held their positions and waited for the signal flare to go off in the early morning - when gold should rise or fall, they would do it with a real knife.

Bitcoin and tokenized gold are now on the same playbook, terribly quiet.