Israel-Palestine Conflict: The ongoing conflict between Israel and Palestine may increase investment in gold and its price may increase. In fact, when there is an earthquake in the stock markets around the world or any other crisis or disaster, the demand for gold increases.
Israel-Palestine Conflict’s Impact on Gold Prices
The conflict between Israel and Palestine (Israel-Palestine Conflict) is continuously increasing, bombings and loss of life and property from both sides are making headlines. This conflict has given rise to another crisis.
Yes, experts have expressed the possibility that due to this war, there may be a big jump in gold prices.
Let us tell you that gold is not only liked as jewellery but it is also given great importance as an investment. In case of any disaster or crisis, it is seen as a safe destination for investment and even after the current crisis, there is a possibility of growth in it.
Interest will increase towards safe investment
Israel-Palestine Conflict: In fact, the Palestinian group Hamas entered Israel on Saturday by firing 5000 rockets and created a massacre. In response, Israel is retaliating and in this ongoing conflict between the two, thousands of people have lost their lives and about 4,000 people are said to be injured.
On the other hand, Western countries led by America have strongly condemned the attack by Hamas and promised to support Israel.
The violence in Israel will likely spur a move towards safe-haven investments, as investors closely monitor potential geopolitical turmoil and events in the Middle East.
There will be huge buying of Gold and Dollars
According to Reuters report, experts say that increasing geopolitical risks could see heavy buying in gold (Gold Demand) and could potentially increase the demand for US Treasuries, which has seen sharp sales.
This is a great example of why people need gold in their portfolio. Peter Cardillo, chief market economist at Spartan Capital Securities, said it is an ideal hedge against international turmoil. However, he has also said that the dollar will benefit. According to Cardillo, whenever there is international turmoil, the dollar strengthens.
Will tension increase due to participation of other countries in the war?
Israel-Palestine Conflict: Regarding the situation in Israel, Brian Jacobsen, chief economist at Annex Wealth Management, says that whether this is a big market moment or not depends on how long the conflict lasts and whether other countries also get involved. He said that the Hamas attack has been openly praised by Iran and Iran’s Lebanese ally Hezbollah.
He said that even though Iran is increasing oil production, an impact on oil prices may still be seen. According to Jacobsen, Iranian oil production is increasing, but the progress they are making behind the scenes with the US may be mitigated by Iran praising and celebrating the attack on Hamas. It will be important to see how Saudi Arabia reacts. gives.
One step by Iran may increase oil prices
Israel-Palestine Conflict: The report says that America is trying to reach an agreement that will normalize relations between Israel and Saudi Arabia. In a Bloomberg report, Rapidan Energy Group President and former White House official Bob McNally has said that if this conflict spreads to Iran, then oil prices will be affected.
However, it is less likely, But if Israel responds by attacking any Iranian infrastructure, crude oil prices will immediately rise.