Gold rises with the increase in tension in the Middle East

The price of gold has risen as Israel raised its attacks on Iran on Monday, while Tehran promised to respond to US military strikes at core facilities in Iran. The price of alloys rose 0.8% on Monday to about $ 3400 per gram, as Israel beat more goals in Iran, and Tehran promised to respond “in a decisive and decisive way” at the end of the week. Iran has launched several missiles at Israel, suggesting that there are no immediate plans to calm hostilities that attract fear of a greater war in the Middle East. Regional officials have given new momentum to raise gold to almost 30%. Although the possibility of expanding the regional conflict, theoretically, supports this secure asset, the sustainable increase in energy prices will stimulate inflation and reduce the possibility of the Federal Reserve, reducing interest rates – which is negative for gold due to the lack of interest. “He sees a ‘strong movement’ that is moving the golden market right now, although he sees the continuation of the upward path. He said in a telephone interview:” We still support the continued increase in gold prices during the year, more supported by the purchase of central banks and investor flow. “He added:” We believe that the interest rate would rise with a structure of the golden market. 3385 an ounce starting at 12:44 p.m. in New York.