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Topic of Israeli-Palestinian conflict

Gold under the conflict between Israel-Palestine conflicts

2023-11-07

The conflict between Israel-Palestine has continued to be upgraded and has expanded risks. At present, it has spread to many countries, including Palestine, Israel, Paris, Syria, Yemen, Iraq, and Iran, forming a huge and complex situation.

Under the current situation, gold can perfectly play its risk aversion function, and can once again prove the correctness of the proverb of "sound of gunfire, golden or two".

Since the beginning of Israel-Palestine's conflict, due to the influence of geopolitical and risk aversion, gold prices have increased by more than 10%, and domestic gold prices have increased by about 30%. The central banks of various countries have also increased the amount of gold during this period. The Central Bank of China has increased its holdings for 11 consecutive months, an increase of 840,000 ounces (about 26.12 tons) from the previous month.

Under the current complex situation of risk aversion and supply demand, the price of gold may have a huge increase in a new round, and then hit a new high. Gold is the best time for investors to enter the market. We will continue to pay attention to market information for everyone.

(The above content only represents my personal views and does not represent the company’s position)
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