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The geopolitical situation heats up, and safe-haven assets gain further support
【Coinpurse】Asian early trading session gold prices continued to rise slightly, mainly due to geopolitical tensions providing safe-haven buying. A few days ago, Trump on social media told Iranian protesters “aid is on the way,” signaling that the US might take significant action. Deutsche Bank commodity analyst Carsten Fritsch’s view is quite interesting—large-scale protests in Iran are actually giving gold prices a heads-up, because if the US gets involved in military intervention, safe-haven demand will surge. This escalation of geopolitical risks usually also triggers fluctuations in safe-haven sentiment in the crypto market. For investors involved in asset allocation, this is a noteworthy background factor.