Analyst: The commodity market will experience an instinctive surge; the scale and scope of this conflict are quite unexpected.
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Jinse Finance reported that Marex analyst Edward Meir stated that he expects to see instinctive surges in most commodity markets, including gold and oil. This is a natural reaction to the outbreak of hostilities, and both the scale and scope of this conflict are quite unexpected. Gold may open up by about $200 per ounce, but then retreat later in the day. The market remains fairly calm in the face of military conflict; ultimately, the only thing investors focus on is whether oil supplies will be disrupted. Therefore, once the initial surge ends, the early gains often fade.
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