The tense situation in the Middle East has escalated, with the US–Israel strike prompting Iran to retaliate and block the Strait of Hormuz. The demand for safe-haven assets has surged, coupled with ongoing central bank gold purchases and Federal Reserve rate cuts. The safe-haven properties of gold are highly evident. Based on both news and technical analysis, I estimate gold could reach a high of 6500. The higher gold goes, the greater the risk. $XAUT #贵金原油价格飙升
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The tense situation in the Middle East has escalated, with the US–Israel strike prompting Iran to retaliate and block the Strait of Hormuz. The demand for safe-haven assets has surged, coupled with ongoing central bank gold purchases and Federal Reserve rate cuts. The safe-haven properties of gold are highly evident. Based on both news and technical analysis, I estimate gold could reach a high of 6500. The higher gold goes, the greater the risk. $XAUT #贵金原油价格飙升