Strategist: Middle East Conflict Escalates, Wouldn't Be Surprised If Gold Hits New All-Time High

According to Ole Hansen, Head of Commodity Strategy at Saxo Bank, there is no doubt that the US-Israel military action against Iran is a concerning escalation that will prompt investors to flock to precious metals and the energy sector. No one can predict the exact magnitude of the impact, but given last week's momentum, I wouldn't be surprised if gold hits a new all-time high. (Jin10)