Israel-Iran Conflict Unlikely to Lift Gold Price in Long Term
Gold | 2025-06-17 12:20:04
It is in line with the historical pattern of such geopolitical shocks not keeping gold prices high for long, Menke noted.
By Paul Ploumis
SEATTLE (Scrap Monster): The Israel-Iran conflict is unlikely to lift gold price in the long term, Julius Baer's Carsten Menke said in a research note.
The gold market's reaction to the escalating conflict between Israel and Iran remains very moderate, with prices up less than 1% since before Israel's initial attack, the analyst said.
"We assume that this reaction has been driven by some speculators and automated trading systems in the futures market rather than by physical safe-haven demand," the analyst noted.
It is in line with the historical pattern of such geopolitical shocks not keeping gold prices high for long, Menke noted. Spot gold was flat at $3385.11/oz.
Courtesy: www.barrons.com
