Institution: The Israel-Hamas conflict is unlikely to boost gold prices in the long term.

Jin10 data reported on June 17, analyst Carsten Menke from Baosheng Group stated that in the long term, the Israel-Palestine conflict is unlikely to boost gold prices. The analyst noted that the gold market's reaction to the escalating conflict between Israel and Iran has been very mild, with gold prices rising less than 1% since Israel initially launched its attack. Menke pointed out: "We believe this reaction is driven by some speculators and automated trading systems in the futures market, rather than physical safe-haven demand." Menke noted that this aligns with the historical pattern that such geopolitical shocks do not keep gold prices elevated in the long term.