Today I saw that gold fell by almost 2%, my personal understanding is that after yesterday's GDP data came out, the market's expectations for a recession in the United States were temporarily dispelled, after all, domestic demand in the first quarter was still quite strong, and more importantly, it may be GDP in the second quarter, after all, it cannot be ruled out that domestic demand is also because of the fear of "rushing tariffs". However, the decline in gold, including the rise in U.S. Treasury yields, can judge that investors' risk appetite has an upward trend, especially the $META and $MSFT earnings reports released in the early hours of this morning are good, helping U.S. stocks continue to rise, although Bitcoin is still hovering around $95,000 for the time being, but the overall market sentiment is good. In general, the current gold price pullback, rising U.S. Treasury yields, strong U.S. stocks and BTC wait-and-see jointly constitute an increase in capital risk appetite, but whether it can be sustained still needs to be confirmed by this Friday's non-farm payrolls data. This tweet is sponsored by @ApeXProtocolCN|Dex With ApeX