According to market analysis, as the Middle East situation escalates, investors seek safe havens and gold prices rise, but due to a stronger US dollar, gold prices have not yet surpassed $5,400 per ounce.

BMI analysts stated: "Since there is no clear consensus on the duration of the conflict and the associated premium, the market will continue to seek safe havens such as gold." However, the rise in the US Dollar Index makes dollar-denominated commodities more expensive for overseas buyers. Meanwhile, market participants indicated that, due to the Federal Reserve possibly raising interest rates to address inflationary pressures caused by the conflict, gold prices were under pressure and experienced sell-offs in the previous trading session.