Zhongjin Wealth Futures: The current conflict between the US and Iran is still difficult to resolve, and gold is passively following the fluctuations in crude oil.

The US Central Command posted on social media, stating that Iran launched attacks throughout the Middle East on the 2nd, with the US intercepting several Iranian ballistic missiles and drones. After the news spread, oil prices rose by over 2%, triggering a gold adjustment. There are huge differences between the US and Israel on the issue of starting a war, as Trump was displeased with Netanyahu's suggestion to delay the attack on Beirut, indicating that the war is still ongoing, while Netanyahu felt frustrated with Trump's social media post implying that Israel has ceased fire on all fronts. The current US-Iran conflict is still unresolved, with gold passively following oil fluctuations and it being difficult to participate in. We suggest taking a cautious and observant approach.