Gold prices may hit a record high! Oil prices may see a historic surge.

On February 28, Beijing time, the escalation of the situation in the Middle East has triggered concerns in the financial markets. What will be the future trend of gold prices? Industry insiders indicate that this will heavily depend on the intensity of Iran's retaliation and the extent of conflict escalation. If Iran blocks the Strait of Hormuz and the US and Iran engage in full-scale warfare, gold will become the global safe haven for funds, and prices are expected to hit historical highs. According to CCTV Financial, international oil prices have risen this week, with Brent crude reaching a six-month high. In extreme scenarios, if Iran were to launch attacks on other countries' oil facilities in the Gulf region and disrupt a major portion of the daily supply of approximately 18 million barrels of oil, international oil prices could soar historically, rising above $130 per barrel.