The situation has become increasingly chaotic as Iran launched missiles at US military bases in Gulf cities, airlines suspended flights, and oil tankers carrying oil and other products halted passage through the Strait of Hormuz. Rong Ren Goh, portfolio manager of the fixed income team at Eastland Investments, stated that tail risks in the Middle East have increased. The market will repric from a geopolitical shock to a regime risk shock, a protracted conflict, not just retaliatory actions, unless Iran indicates a willingness to negotiate. Analysts believe a greater risk lies in market complacency. The market has consistently assumed the impact of the conflict will be limited and has been reluctant to compare this conflict to the 1979 regime change in Iran. Barclays analysts stated that history powerfully demonstrates against chasing rallies during conflicts and advocates for "selling the facts." Worryingly, investors have now become accustomed to this "selling the facts" mentality and may be underestimating the risk of the situation spiraling out of control. It is advised not to immediately buy on any dips. A buying opportunity may arise if the stock market correction is significant enough, such as a drop of more than 10% in the S&P 500. But not now. (Jinshi)

Odaily Planet Daily reports that Ole Hansen, head of commodities strategy at Saxo Bank, stated that the US-Israeli military action against Iran is undoubtedly a worrying escalation that will prompt investors to flock to the precious metals and energy sectors. The extent of the impact is uncertain, but given last week's momentum, I wouldn't be surprised if gold hits a new all-time high. (Jinshi)

According to Odaily Planet Daily, Tim Waterer, Chief Market Analyst at KCM Trade, said that gold demand is likely to be higher than usual when markets open on Monday. Given the risks of how long the conflict might last, which other countries might be drawn in, and inflation concerns, gold is expected to regain its role as the preferred safe-haven asset. Stocks and other risky assets may be sold off, and investors will be looking for the best place to put their money, with gold likely to be at the top of that list. (Jinshi)

Odaily Planet Daily reports that Iran's Foreign Minister announced that a new Supreme Leader could be elected within one or two days, and regime change is impossible. Iran has no intention of closing the Strait of Hormuz at this stage, nor does it plan to interfere with navigation there. (Jin Shi)

According to Onchain Lens, a wallet created seven months ago withdrew 384 PAXG tokens from Binance, worth $2.07 million.