Hezbollah fired hundreds of "heavy rockets" in retaliation for Israeli airstrikes, pushing gold higher to test 2,721 dollars

Israel's clashes with Lebanon's Hezbollah heated up over the weekend, with Hezbollah firing at least 340 rockets, missiles and drones on Sunday in response to massive airstrikes on Beirut that killed 29 people in Israel on Saturday. Gold briefly rushed to $2,721 in early trading on Monday as safe-haven demand rose sharply. (Synopsis: Demand for hedging has skyrocketed!) Gold rose 6% in a single week to return to $2712, how will it affect the BTC market? (Background added: Hezbollah rocket broke through the "Iron Dome" air defense system!) Attack on Israel's 3rd largest city, at least 10 injured) With the war between Ukraine and Russia, and the conflict between Israel and Hezbollah in Lebanon heated up rapidly last week, investor risk aversion intensified, so that after Trump's victory, gold fell to a two-month low of $2536 on the 14th, Spot gold closed at $2716 on Friday, a new high since November 6, and gold prices soared to a high of $2721 at the opening of Asian markets on Monday. Hezbollah launches heavy rockets at Israel Al Jazeera reported that Hezbollah fired at least 340 rockets, missiles and drones on the 24th in retaliation for Israel's massive attack on Beirut on Saturday, which was Hezbollah's fiercest attack in months. In this attack, Hezbollah targeted the Ashdod naval base in southern Israel for the first time, and launched an attack on Tel Aviv, the country's largest metropolitan area, and nearby military facilities, air raid sirens sounded in the central, northern and eastern parts of Tel Aviv, and the Israeli army intercepted most of the shelling, but still some slipped through the net and caused damage, the IDF said that the direct rocket attack on a neighborhood caused the house to fall into ruins. Healthcare facilities reported at least 11 injuries to the attack, including one man with moderate to severe injuries. Israel's massive airstrikes on Beirut Hezbollah strongholds in Beirut have intensified recently, and on Saturday, Israel launched one of the most violent attacks on downtown Beirut in history, killing at least 29 people and wounding 66. On Sunday, Israel continued its massive airstrikes on 12 Hezbollah command centers in the southern Beirut suburb of Dahiya. Lebanese Prime Minister Najib Mikati sharply condemned the strike, saying Israel was using Lebanese blood and openly rejecting the U.S.-led ceasefire protocol. However, earlier today, the US media Axios broke the news that Israel is about to reach a ceasefire agreement with Hezbollah, people familiar with the matter said that the Israeli government may issue an announcement this week, an Israeli official said, "The direction is positive, but there are still some problems that have not been resolved, so the protocol has not yet been finalized." Josep Borrell, the European Union's high representative for foreign affairs and security policy, said Sunday that the U.S. ceasefire protocol is only pending final approval by Israel. After meeting with Lebanese officials in Beirut, he said: "We must put pressure on the Israeli government and continue to put pressure on Hezbollah to accept the US ceasefire proposal." It is reported that the ceasefire protocol will lead to the withdrawal of Israeli troops from southern Lebanon, the deployment of Lebanese troops in buffer zones close to the border, and the transfer of heavy weapons by Hezbollah forces to the north of the Litani River, eventually allowing hundreds of thousands of civilians on both sides of the border to gradually return to their homes. Borrell also called for an immediate ceasefire and full implementation of UNSCR 1701. He also said the EU plans to provide 200 million euros to finance the Lebanese army to help it increase its military presence in the south. Safe-haven demand surges, gold prices hit their biggest weekly gain in nearly two years Huitong Finance pointed out that although Israel almost agreed to the Israel-Lebanon ceasefire protocol, and Trump nominated Beson as Treasury Secretary over the weekend, which advocates tax reform and deregulation, analysts believe that the possibility of imposing a harsh tariff policy after Trump takes office drops, and the nomination is beneficial to the stock and bond markets, which may limit the trend of the U.S. Treasury Intrerest Rate and the dollar, but as the U.S. economy remains resilient, the market is interested in 12 Lower expectations of a monthly Fed rate cut will also limit the dollar's downside. The U.S. dollar index hit a two-year high of 108 on Friday, but gold continued to rise on Friday, breaking above $2,700 for the first time in more than two weeks, accumulating a rise of nearly 6% last week, the biggest weekly gain in nearly two years, experts believe that safe-haven demand outweighs the impact of a stronger dollar and weaker expectations of a U.S. interest rate cut in December. Gold is expected to break through $2,750 in mid-December Allegiance Gold Chief Operating Officer Alex Ebkarian said the Russia-Ukraine conflict appears to have expanded into a conflict between Russia and the United States. Surely enhancing short-term safe-haven appeal, coupled with the Fed's ongoing policy shift and inflation risks from Trump's possible trade tariffs, the outlook for gold remains strong, with a knock expected at $2,750 in mid-December. FXStreet analyst Christian Borjon Valencia said that the U.S. Treasury Intrerest Rate fell, gold prices rose to a two-week high, and the geopolitical situation continued to play a role, maintaining gold buying. Escalating geopolitical concerns, including a possible expansion of the Russia-Ukraine conflict, are driving safe-haven demand for gold, and if gold breaks above $2,750, the next step could be a retest of a breakout of the all-time high of $2,790. Goldman Sachs sees $3,000 as the next major resistance level. Notably, Fedwatch data shows that expectations of a December rate cut have weakened, falling sharply to 56.2% from 82.5% a week ago. In addition, US CPI data for October will be released this week, and the geopolitical conflict in the Middle East and Russia and Ukraine is also the focus of market follow. New York Times: Four reasons why the world should worry about the escalation of the conflict between Israel and Iran? Israel threatened to attack "Iran's nuclear energy facilities", Biden issued a serious warning: Don't go too far beyond Hezbollah's sharp turn: willing to support the ceasefire protocol, Israel can't bear the bombardment for days? Gold hit the biggest one-day decline in nearly half a year, and the hedging market is gone? Note that the Fed announced the Intrerest Rate decision at 3 a.m. "Hezbollah Hundreds of 'Heavy Rockets' Retaliate Against Israeli Airstrikes, Gold Soars to 2,721 Magnesium" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Block Chain News Media."