Strategist: If the Middle East conflict escalates, it would not be surprising if gold reaches a new all-time high

According to Odaily, Ole Hansen, Head of Commodity Strategy at Saxo Bank, stated that there is no doubt that the US-Israel military action against Iran is a worrying escalation, which will prompt investors to flock to precious metals and the energy sector. No one can say for sure how significant the impact will be, but given last week's momentum, I would not be surprised if gold reaches a new all-time high. (Golden Ten Data)