The current volatility in the stock market is escalating, mirroring fluctuations in interest rates and credit markets, signaling a shift towards risk aversion among investors. This trend has led to a reduction in portfolio risk exposure, particularly by funds and institutional players. As a result, gold prices have experienced four consecutive days of decline, currently retracing to $4,033. Investors are closely watching upcoming U.S. economic data releases scheduled for this week, including the Federal Reserve minutes, due at 3 a.m. UTC+8 on Thursday. These minutes will provide crucial insight into interest rate paths and market expectations regarding monetary policy directions.