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Middle East tensions escalate, and gold futures may challenge record highs
Jin10 data, June 13 news: Following Israel's nighttime airstrikes on Iran and Iran's subsequent drone counterattacks, gold futures rose due to safe-haven demand, approaching the historical high of $3509.90 per ounce set in mid-April. Tradu.com analyst Nikos Tzabouras wrote that due to concerns about further escalation in the Middle East, coupled with uncertainties regarding U.S. tariffs, gold prices could reach a historical new high. However, the path to easing and containing the conflict remains open. If tensions ease, gold prices may face short-term downward adjustments. Nevertheless, considering the current risk-filled backdrop, bullish momentum seems to be well supported.