US-Iran Conflict Nearing End, Gold Set for Fifth Straight Gain
BlockBeats News, April 2nd: Spot Gold rose by 0.8% intraday, briefly breaking through $4800 per ounce, recording a fifth consecutive day of gains. Market analysis believes that the resonance of geopolitical tensions and policy expectations is driving continued inflow of safe-haven funds into the gold price.
On the news front, Trump is planning to announce during the gold trading hours that the military action against Iran "has achieved all objectives," indicating the end of the war and paving the way for the gradual U.S. withdrawal from the conflict.
At the same time, the U.S. may hand over the issue of shipping in the Strait of Hormuz to NATO and European and Gulf countries, indicating that the United States is seeking a "dignified exit" path.
Against the backdrop of Iran's continued restriction of strait navigation and international oil prices breaking through $100 per barrel, the market's concerns about the uncertainty of the Middle East situation and energy shocks are rising. Coupled with the policy games and alliance disagreements under the expectation of war "coming to an end," the strengthening of safe-haven demand further boosts the gold price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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