America thinksiranImminent retaliatory attack on Iraq will increase tensions in the Middle East and internationallygold priceOn the 12th, New York gold futures rose above US$2,400 per pound during the session, and the spot price was also approaching this round number.oil priceMoreover, Brent oil prices once again crossed US $ 90 per barrel.

New York gold June futures rose 1.72% today to US$2,413.50 an ounce, while spot prices rose 1% to US$2,395.48 an ounce.

Brent crude oil futures for June rose 0.8% to $90.40 a barrel and West Texas Intermediate crude oil also rose 0.9% to $85.77 a barrel.

After several major US media reported on the 11th that Iran or its proxies may attack southern or northern Israel in the next two days, investors are also considering the impact of the latest US economic data on the Federal Reserve’s monetary policy.

Analysts said the rise in gold prices was mainly driven by geopolitical risks and central bank buying, and US economic data was also positive for gold. The US producer price index (PPI) rose 2.1% year-on-year in March, a slower increase than economists expected, raising hopes of an interest rate cut before the end of the year.

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