News

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)

According to Odaily, Tim Waterer, Chief Market Analyst at KCM Trade, stated that at the market opening on Monday, demand for gold may be higher than usual. Given the risks such as the potential duration of the conflict, which other countries may become involved, and concerns about inflation, gold is expected to once again take on the role of the preferred safe-haven asset. Stock markets and other risk assets may face sell-offs, and investors will be looking for the best place to park their funds, with gold likely topping that list. (Golden Ten Data)

Despite a robust quarter in the United States, performance was mixed, and many companies saw muted market reactions after earnings reports amid concerns that growth rates may have peaked. Asian giants continue to benefit from their critical role in building artificial intelligence (AI) infrastructure, while European consumer goods companies remain under pressure. Strong results were reported by industrial and financial companies on the continent, driven by increased federal spending. (Bloomberg)