Gold prices plunged.

On February 28th, local time, the US-Israel attacked Iran, triggering global risk aversion. Market analysis believes that the prices of precious metals such as gold will see a significant increase. However, it is worth noting that after experiencing a rise on February 28th, the price of gold dropped on March 1st. Pan Helin, an economist and a member of the Information and Communication Economics Expert Committee of the Ministry of Industry and Information Technology, said that the death of Iran's Supreme Leader Ayatollah Khamenei has changed short-term market expectations. He believes the situation in Iran may stabilize rapidly. If it is further confirmed that Iran can smoothly transition in terms of power after Khamenei's death, the capital markets may see a complete reversal of expectations, with gold and oil prices falling, and especially industrial stocks in the US rising. However, war is uncertain, and Khamenei's death could also lead to further chaos in the situation in Iran.