According to CoinMeta, the prices of gold (GC =F) and silver (SI =F) have risen by 15% and 19% respectively this month, contributing to a market value increase of nearly $5 trillion. Factors driving this rise include monetary policy interventions, intensified geopolitical tensions in the Middle East, and ongoing global inflation. The U.S. Treasury Department's unexpected decision to double its long-term bond repurchase program to $4 billion per time became a major catalyst for the price breakthrough at the end of August. Meanwhile, the ongoing conflict in Iran has once again pushed up energy prices, solidifying gold's status as a major global safe-haven asset. Analysts point out that although gold and silver are still below their historical highs from earlier this year, market conditions have laid the foundation for a continued rise in gold prices.