2026-02-28 23:26:06

#USIsraelStrikesIranBTCPlunges

Discovery

2026-02-28 19:23:34

This historic tension in the Middle East (Iran's retaliatory attacks on multiple Gulf countries and Israel) is strongly pushing gold prices upward.
What has happened so far:
The price of gold per ounce (global price) has rapidly risen, surpassing $5,300 and even approaching $5,500 in some reports. This is due to a surge in safe-haven demand. In Turkey, the price of gold per gram in the free market has exceeded 8,000 TL (and even approached the 8,050-8,100 TL range in some places), showing an increase of around 5% in the last 24 hours. Experts and analysts state that gold demand will rise even further as geopolitical risks increase: If the conflict continues or critical routes such as the Strait of Hormuz are affected, the price of gold per ounce could test $6,000 and above (some estimates go up to $6,500).
Volatility will be high in the short term; While panic buying pushes prices higher, temporary pullbacks may occur in the event of a possible diplomatic thaw or if the conflict remains limited. In times of war/tension in the Middle East, gold shines as a classic safe haven because investors flee risky assets like stocks and currencies and turn to gold. Rising oil prices (due to inflation) also indirectly support gold. How do you think these developments will affect cryptocurrencies?
#USIsraelStrikesIranBTCPlunges

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