The US-Israeli attack on Iran triggered global risk aversion, but gold prices plunged in grey market trading.

PANews reported on March 1st that, according to China News Service, the US-Israel attack on Iran on February 28th triggered global risk aversion. Market analysts believed that the prices of precious metals such as gold would see a significant increase. However, it is worth noting that after rising on February 28th, gold prices in the grey market experienced a sharp drop on March 1st.

Pan Helin, an economist and member of the Expert Committee on Information and Communication Economics at the Ministry of Industry and Information Technology, stated that the death of Iran's Supreme Leader Khamenei has altered short-term market expectations, suggesting a potential for rapid stabilization in Iran. If a smooth transition of power in Iran following Khamenei's death can be confirmed, a complete reversal of expectations in the capital markets is possible, with gold and oil prices falling and US stock markets, particularly industrial stocks, rising. However, war is inherently uncertain, and Khamenei's death could also plunge the situation in Iran into further chaos.