The functions of gold as a safe haven and inflation hedge are highlighted, affecting the direction and magnitude of price fluctuations.

On February 28th, the United States and Israel jointly launched a preemptive military strike against Iran, and Iran retaliated against multiple targets in Israel and the Middle East. Experts interviewed generally expect that gold prices will receive support in the short term as a safe haven and inflation-resistant asset, but attention should also be paid to the impact of the macro background. The sustainability of the impact of geopolitical conflicts on the price of gold depends on the duration and intensity of the events. Investors can allocate an appropriate proportion of gold assets in their investment portfolios for the long term based on their risk tolerance to diversify risks from other assets, while also being cautious of the high volatility risks brought about by short-term speculation in the gold price.