The escalation of the US-Iran conflict, especially with the addition of Israel and the Houthis, has further increased the probability that the situation will escalate, and oil prices have risen sharply. This has dealt a heavy blow to gold, which has just begun to rebound. Gold has fallen sharply. If oil prices continue to rise sharply in the short term, the price of gold will undoubtedly continue to be under pressure. Currently, the biggest risk in the gold market is that oil prices get out of control.

The escalation of the US-Iran conflict, especially with the addition of Israel and the Houthis, has further increased the probability that the situation will escalate, and oil prices have risen sharply. This has dealt a heavy blow to gold, which has just begun to rebound. Gold has fallen sharply. If oil prices continue to rise sharply in the short term, the price of gold will undoubtedly continue to be under pressure. Currently, the biggest risk in the gold market is that oil prices get out of control.