According to CoinMeta, investment news reports that gold prices have reached a three-month high. The market is approaching the new week with caution, facing multiple challenges such as the escalation of the Iran situation, the deepening trade standoff between the US and Canada, and the slowdown in China's economic growth. US Treasury Secretary Scott Branson is set to announce what are described as the harshest sanctions in history, increasing economic pressure on Tehran. Mohammad Rezaei, secretary of Iran's Supreme National Security Council, warned that any country that cooperates with these sanctions will be regarded as engaging in acts of war, and threatened that if the pressure continues, all oil exports through the Strait of Hormuz will be halted. Meanwhile, weekend shipping data showed that there were fewer than 20 merchant vessels passing through the Strait of Hormuz, although the data still needs to be corrected due to incomplete transponder tracking. Against this backdrop, oil prices have slightly declined. US-Canada trade relations show further signs of freezing; Ottawa's negotiation team believes that the prospects for resuming talks before the US midterms are slim, and has prepared a domestic aid plan to support Canadian businesses.