Gold Analysis: Geopolitics & Inflation Dual SupportGoldOANDA:XAUUSDDaniel-Foster🛡️ Gold Analysis: Geopolitics & Inflation Dual Support 🌍 The Middle East geopolitical conflict has escalated across the board, with safe-haven premiums providing strong support (core driver): The conflict between the US, Israel, and Iran has entered its 17th day, with no signs of a ceasefire and the situation continuing to escalate. Iran launched the 56th wave of its "True Commitment-4" saturation counterattack, using the Mudstone ballistic missile (range 2000 km) for the first time in combat, coupled with hypersonic weapons and drone swarms, to strike Israeli command centers and 11 key US military bases. The US and Israel retaliated fiercely, with the Israeli military conducting 24-hour airstrikes on over 200 key Iranian targets. Two US aircraft carriers are deployed in the Middle East, the Strait of Hormuz is nearly blocked, and 20% of global oil transportation is disrupted. Global risk aversion remains high, and gold, as a core safe-haven asset, continues to receive support from safe-haven buying. This is key to holding the $5000 level and is a core support for stabilization and recovery. -------------------------------------------------------------------------------- ⛽ Oil prices remain high, inflation expectations persist, and demand for inflation hedges provides supplementary support: Although WTI crude oil has fallen sharply to $93.69 per barrel, Brent crude oil remains above $100 per barrel. Concerns about energy supply caused by the Middle East conflict have not been fully alleviated, and the Federal Reserve has raised its inflation forecast, reinforcing market expectations of high inflation. Gold's inflation hedge properties can still attract some inflation hedge funds, providing supplementary support at the 5000 level.