Although the escalating tension in the Middle East put pressure on the market, the price of gold continued to rise, supported by bottom-line buying. At one point, the price of gold rose 1.6% intraday, breaking through $4,140 an ounce, further rising from the previous trading day's nearly 2% increase. The price of silver also rose to $60 per ounce. At present, US Treasury yields remain high, and the renewed conflict between the US and Iran has shown no signs of abating. This trend has already prompted a large amount of capital to flow into ETFs. According to statistics, the total holdings of gold ETFs increased by about 7.4 tons on Tuesday, the highest single-day net inflow in more than a month. Meanwhile, CFTC weekly futures and options data showed that fund managers' net long positions in gold increased by 4,293 to 119,147.

Although the escalating tension in the Middle East put pressure on the market, the price of gold continued to rise, supported by bottom-line buying. At one point, the price of gold rose 1.6% intraday, breaking through $4,140 an ounce, further rising from the previous trading day's nearly 2% increase. The price of silver also rose to $60 per ounce. At present, US Treasury yields remain high, and the renewed conflict between the US and Iran has shown no signs of abating. This trend has already prompted a large amount of capital to flow into ETFs. According to statistics, the total holdings of gold ETFs increased by about 7.4 tons on Tuesday, the highest single-day net inflow in more than a month. Meanwhile, CFTC weekly futures and options data showed that fund managers' net long positions in gold increased by 4,293 to 119,147.