#IranWar #Gold #WTI #XAUUSD #Brent

If the US-Israel-Iran war continues to escalate, gold is likely to re-emerge as the top safe-haven asset.
This time, the geopolitical crisis has performed poorly, mainly because energy inflation expectations have been suppressed due to declining interest rate expectations.
The US dollar is relatively a better safe-haven tool because the decline in rate hike expectations and the increase in safe-haven demand are simultaneously satisfied.
Additionally, due to liquidity crunch caused by a sharp decline in global stock markets, this year's gold rally has been outstanding and highly liquid, naturally making it the preferred target for liquidity extraction.
Therefore, after the war, gold did not rise but fell, and this phenomenon will not last forever. Last Friday’s non-farm payrolls showed negative growth, which may drive funds into gold. I expect gold to perform well next week.