Strategist: It wouldn't be surprising if gold hits a new all-time high as the Middle East conflict escalates.

Odaily Planet Daily reports that Ole Hansen, Head of Commodities Strategy at Saxo Bank, stated that there is no doubt that the U.S. and Israel’s military actions against Iran are a concerning escalation that will drive investors into precious metals and energy sectors. How significant the impact will be is uncertain, but given last week’s momentum, I wouldn’t be surprised if gold hits a new all-time high. (Jinshi)