In a series of dynamics in the financial markets, the spot gold price has been on the rise, breaking another historical record after significant growth previously, touching the high of $2530 per ounce. This achievement is not only an affirmation of the strength of the gold market but also reflects the increased demand for safe-haven assets amid global economic uncertainties. As a traditional safe-haven asset, the continuous increase in gold prices has attracted widespread attention from investors and also brought new perspectives to observe the volatility of the global financial markets.