Spot gold's gains narrowed to less than 1% intraday as Iran's foreign minister said that communicating with the US through intermediaries did not mean negotiating with the US.

Iranian Foreign Minister Araqchi: The United States is sending messages through various intermediaries. Exchanging information through mediators "does not mean negotiating with the United States."

Key News 1. Economic Daily commentator article: The food delivery war should end. 2. 35 wealth management products failed to be issued this year; wealth management companies remind investors to view short-term fluctuations rationally. 3. National Energy Administration: As of the end of February, the national cumulative installed power generation capacity reached 3.95 billion kilowatts, a year-on-year increase of 15.9%. 4. Domestic mobile phone shipments in February decreased by 14.6% year-on-year, and 5G mobile phone shipments decreased by 11.4% year-on-year. Individual Stock News 1. Data on main capital flow shows that Luxshare Precision saw the largest net inflow of main capital at 2.969 billion yuan, followed by Zhongji Xuchuang, Guanghuan New Network, Tianfu Communication, and Xiamen Tungsten; Jinkai New Energy saw the largest net outflow of main capital at 1.327 billion yuan, followed by Zhongli Group, Ying Tang Intelligent Control, Shunhao Shares, and Hanlan Cable. 2. COSCO Shipping Energy responded to whether it will pass through the Strait of Hormuz: The security situation is still being assessed. 3. China Merchants Energy Shipping stated that it has no ships in the Persian Gulf, leading to a surge in tanker freight rates. 4. Bank of Communications responded to its proposed application to revoke its private banking license: existing private banking services, rights, and processes will not be affected. 5. AMEC launched four new products covering key processes in silicon-based and compound semiconductors. 6. Hengshuai Technology: The company's motor products have gradually entered the fields of industrial automation and robotics. 7. The Hunan Provincial Government held working talks with BYD. 8. Xinkaiyuan: The company recently raised the central price of its differentiated products by approximately 2 yuan/kg. 9. Kehua Bioengineering: The information published by self-media is untrue; the company is not involved in immune cell therapy business.