Gold prices skyrocketed and lasted

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Escalating tensions in the Middle East push gold prices
Gold and crude oil prices rose sharply on escalating tensions in the Middle East and concerns about a wider conflict. Any escalation in tensions in the Middle East or a dovish statement from Fed Chairman Jerome Powell tonight could send both commodities higher.
Iran's leadership has made strong statements: President Masoud Pezeshkian warned that Iran would "make the occupiers (Israel) regret this cowardly act". Supreme Leader Ayatollah Ali Khamenei added: "We consider it our duty to avenge him".

These provocative statements are raising concerns about the possibility of a wider conflict in the region. Above all, the prospect of a full-scale war in the Middle East is causing more worries about the potential impact on global energy markets and international relations.

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