The US and Israel's attack on Iran triggers global risk aversion, but gold's dark pool plunges

PANews March 1 Report: According to China News Service, on February 28 local time, the U.S. and Israel attacked Iran, triggering global risk aversion. Market analysts believe that the prices of precious metals such as gold will see a significant increase. However, it is worth noting that after rising on February 28, the gold dark market experienced a plunge on March 1.

Economist and member of the Ministry of Industry and Information Technology’s Information and Communication Economy Expert Committee Pan Helin stated that the death of Iran’s Supreme Leader Khamenei has temporarily changed market expectations, suggesting that the situation in Iran could stabilize quickly. If further verification confirms that Iran can smoothly transition its regime after Khamenei’s death, the capital markets may fully reverse expectations, leading to a decline in gold and oil prices, and a rise in U.S. stocks, especially industrial stocks. However, war is uncertain, and Khamenei’s death could also lead to further chaos in Iran.