The precious metals market is under clear pressure today, and concerns about inflation caused by the geopolitical conflict are transmitted to gold pricing through interest rate channels. Spot gold fell below 4,100 US dollars/oz and silver fell below 60 US dollars/ounce during the Asian trading session. The sharp escalation of the US-Iran conflict is a core variable in today's market. The US Central Command announced a new round of attacks against Iran at 17:00 EST on the 12th, with the aim of continuing to reduce its ability to attack merchant ships in the Strait of Hormuz. This is the fourth time that the US military has launched an attack on Iran in the past week. It has already hit about 140 Iranian military targets. Iran, on the other hand, announced that the Strait of Hormuz “will be closed from now until further notice,” while US President Trump insisted that the strait is “unobstructed,” and both sides have their own opinions on the navigation status of the strait. Amidst the latest developments in the exchange of fire, explosions were heard in Iran's Bandar Abbas, Sirik region and other places in the early morning of the 13th, indicating that clashes are still ongoing. It remains bearish in the medium term, while in the short term it is recommended to mainly wait and see.

The precious metals market is under clear pressure today, and concerns about inflation caused by the geopolitical conflict are transmitted to gold pricing through interest rate channels. Spot gold fell below 4,100 US dollars/oz and silver fell below 60 US dollars/ounce during the Asian trading session. The sharp escalation of the US-Iran conflict is a core variable in today's market. The US Central Command announced a new round of attacks against Iran at 17:00 EST on the 12th, with the aim of continuing to reduce its ability to attack merchant ships in the Strait of Hormuz. This is the fourth time that the US military has launched an attack on Iran in the past week. It has already hit about 140 Iranian military targets. Iran, on the other hand, announced that the Strait of Hormuz “will be closed from now until further notice,” while US President Trump insisted that the strait is “unobstructed,” and both sides have their own opinions on the navigation status of the strait. Amidst the latest developments in the exchange of fire, explosions were heard in Iran's Bandar Abbas, Sirik region and other places in the early morning of the 13th, indicating that clashes are still ongoing. It remains bearish in the medium term, while in the short term it is recommended to mainly wait and see.