On Tuesday, the gold market continued to rise, with spot gold breaking through $3,385/ounce, up 1.5% on the day; spot silver also touched $33/ounce, up 1.66% on the day. Against the backdrop of a weakening dollar and heightened trade policy uncertainty, gold’s status as a safe-haven asset has been further strengthened.

On May 5th local time, the Israeli Security Cabinet officially approved the “Gideon Tank” military plan, announcing the comprehensive occupation of the Gaza Strip and the forced relocation of 2.3 million civilians to the southern region. This strategic shift marks Israel’s shift from “short-term raids” to “long-term military presence”. The Israeli military has mobilized tens of thousands of reserve soldiers and plans to launch an operation immediately after US President Trump’s visit to the Middle East. According to the plan, the Gaza Strip will be divided into 6-10 “safe zones” controlled by US private security companies, with the distribution of aid completely taken over by the Israeli military and international organizations such as the United Nations excluded.

Recently, the gold market has presented a complex pattern under the interweaving of multiple factors such as policies and economic data. On the one hand, the gold price has remained stable to a certain extent; on the other hand, the market is full of cautious optimism and potential uncertainty about the future trend of gold.

Recently, the Russia-Ukraine conflict has heated up again and become the focus of global attention. After Putin proposed a 72 hour ceasefire, Zelensky angrily rebuked it, calling it Russia’s “attempt to manipulate the situation again” and further intensifying the conflict between the two sides. This tense situation has had a significant impact on the financial market, especially the gold market.