--- title: "Gold at $5300! US-Iran conflict fuels safe-haven demand, how to catch this wave of gains?【CSOP ETF Market Update】" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/38978555.md" description: "On February 28th, the United States and Israel jointly launched a military strike against Iran, to which Iran responded with missile counterattacks, marking the escalation of geopolitical tensions in the Middle East into a substantive military conflict. According to Iranian media reports, Iran's Supreme Leader Khamenei was killed in an attack, prompting Iran to initiate retaliatory actions and announce a blockade of the Strait of Hormuz. Prior to this, geopolitical anxiety had already triggered a flight to safety, with the relatively strong performance of precious metals reflecting some expectations of military conflict in the Middle East. Currently, COMEX gold and silver futures prices have both reached new highs for the past month. COMEX gold surged rapidly..." datetime: "2026-03-02T03:34:28.000Z" locales: - [en](https://longbridge.com/en/topics/38978555.md) - [zh-CN](https://longbridge.com/zh-CN/topics/38978555.md) - [zh-HK](https://longbridge.com/zh-HK/topics/38978555.md) author: "[南方东英](https://longbridge.com/en/profiles/7921032.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38978555.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38978555.md) # Gold at $5300! US-Iran conflict fuels safe-haven demand, how to catch this wave of gains?【CSOP ETF Market Update】 On February 28, the US and Israel jointly launched a military strike against Iran, and Iran immediately retaliated with missile strikes, marking the escalation of the geopolitical standoff in the Middle East into a substantive military conflict. According to Iranian media reports, Iran's Supreme Leader Ayatollah Khamenei was killed in an attack, and Iran subsequently initiated retaliatory actions, announcing the blockade of the Strait of Hormuz. Geopolitical anxiety had already triggered a risk-off sentiment earlier, with the relatively strong performance of precious metals reflecting some of the expectations for military conflict in the Middle East. Now, the prices of gold and silver futures on the New York Commodity Exchange (COMEX) have reached new one-month highs. **COMEX gold surged rapidly, gaining nearly 2%, breaking through the $5,300 per ounce mark.** Cao Shanshan from COFCO Futures Research Institute analyzed that, **historically, in most cases, geopolitical risks (including wars, major conflicts, terrorist attacks, etc.) have shown a significant positive correlation with gold prices.** Logically, on one hand, tense situations boost safe-haven demand, benefiting gold as a safe-haven asset. On the other hand, regional tensions may affect supply and logistics, driving up commodity prices and inflation, which in turn benefits gold as an inflation-hedging asset. Wang Jun, an expert from Green Dahu Futures, analyzed that this Middle East geopolitical conflict has already boosted international gold and silver prices, and is expected to continue supporting their upward trend in the short term. The key to the subsequent trend largely depends on the duration of the conflict, the evolution of the situation, and the progress of related mediation efforts. From a medium to long-term perspective, against the backdrop of continued global geopolitical uncertainty, sustained gold purchases by central banks of various countries, and data center construction driving demand for raw materials, the upward framework for precious metal prices remains solid. **He expects that international gold prices may still challenge previous highs again, breaking through $5,600 per ounce.\*** Current geopolitical risks have not dissipated, and funds may continue to flow into gold for safety, which may imply that gold still has significant room for further gains. Investors can pay attention to [$CSOP Gold 2x Leveraged ETF (07299.HK)](https://longportapp.com/zh-HK/quote/07299.HK) to catch the rally. [$Gold (IN00380.US)](https://longportapp.com/zh-HK/quote/IN00380.US)[$Gold (20328.HK)](https://longportapp.com/zh-HK/quote/IN20328.HK)[$Shandong Gold Mining (01787.HK)](https://longportapp.com/zh-HK/quote/01787.HK)[$Chifeng Gold (06693.HK)](https://longportapp.com/zh-HK/quote/06693.HK)[$Lao Pu Gold (06181.HK)](https://longportapp.com/zh-HK/quote/06181.HK) Source: Sina Finance \* Forecast data is for reference only and does not represent or guarantee future actual performance. Disclaimer and Important Notes The product described in this document is authorized by the Hong Kong Securities and Futures Commission (the "SFC"). Such authorization does not imply official recommendation by the SFC. This document is for general reference only and does not constitute investment or any other advice, nor should it be regarded as an offer or solicitation to invest in any investment product. For investment advice, please consult your professional legal, tax and financial advisors. Investment involves risks. Past performance data is not indicative of future performance. Investors should read the relevant fund's offering documents and product key facts statement for further information, including the product features and all risk factors described therein. Investors should not make investment decisions based solely on this document. This document is not intended for distribution or sending in jurisdictions where it is prohibited. This document is not legally binding. CSOP Asset Management Limited assumes no responsibility for this document and expressly disclaims any liability for any loss arising from or in reliance upon the whole or any part of the contents of this document. This document does not grant the recipient any copyright or intellectual property rights (whether direct, indirect, or implied) to use the information contained herein. No part of this document or any information contained herein may be photocopied, distributed, or reproduced without the prior written consent of CSOP Asset Management Limited. The product described in this document may be subject to concentration risks related to geography, market, industry, or investment instruments. Compared to funds with more diversified portfolios, the value of the product described in this document may be more volatile. Leveraged products are designed for short-term trading or hedging and are not suitable for long-term investment. This product is not intended to be held for more than one day, as its performance over periods longer than one day may deviate from and is not correlated to the leveraged performance of the index over the same period. Leveraged products will utilize leverage to achieve daily returns equivalent to two times (2x) the index return. Both gains and losses will be magnified. The product described in this document may invest in derivative products, and there is no guarantee of the repayment of principal. For the index provider's disclaimer, please refer to the relevant fund's offering documents. This document is prepared by CSOP Asset Management Limited and has not been reviewed by the SFC. Issuer: CSOP Asset Management Limited ### Related Stocks - [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [LAOPU GOLD (06181.HK)](https://longbridge.com/en/quote/06181.HK.md) - [CHIFENG GOLD (06693.HK)](https://longbridge.com/en/quote/06693.HK.md) - [CHIFENG GOLD (600988.CN)](https://longbridge.com/en/quote/600988.CN.md) - [FL2CSOPGOLD (07299.HK)](https://longbridge.com/en/quote/07299.HK.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [Laopu Gold Co., Ltd. (HLPD.SG)](https://longbridge.com/en/quote/HLPD.SG.md)