According to CoinMeta, analyst Priyanka Sachdeva stated that the current spot gold price is under pressure, having fallen to $3,900 per ounce before rebounding slightly. Investors are carefully assessing the progress of the mid-term elections in the United States. The key question is whether the election results will have a significant enough impact on the overall macro environment to trigger a reversal in gold prices, or whether they will only add to new uncertainties. Although the decline in oil prices has alleviated inflation concerns to some extent, the high yields on U.S. Treasury bonds, the relatively strong dollar, and market expectations for the Federal Reserve to further tighten monetary policy continue to limit the rebound in gold prices. Against the backdrop of an overall weak market environment, as the results of the mid-term elections become clearer, some investors may gradually enter the market, forming a more solid buying force. Before that, many investors may still prefer to wait and see, waiting for clearer trends in U.S. Treasury bond yields, the dollar, and market risk sentiment before investing new funds.