CITIC Futures: Geopolitical conflicts continue, funds buy precious metals on dips

2026-03-30 03:45:03

The conflict in the Middle East continues to escalate, with the United States and Israel intensifying military strikes against Iran, while Iran retaliates with missile strikes against Israel and Gulf countries. The regional conflict has involved more than a dozen countries, and geopolitical risks remain high. As a result, safe-haven funds continue to allocate to precious metals, with gold prices experiencing a dip-buying surge after a pullback in the previous trading day, briefly rising over 2% during the session. Meanwhile, after rising earlier this week, the dollar has seen a temporary pullback, providing some support for the rebound in gold prices. Overall, the market remains in a trading phase characterized by “geopolitical risk premium + uncertainty in interest rate paths,” with precious metals maintaining high-level fluctuations. (CITIC Futures)

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