Geopolitical tensions are indeed pushing both gold and cryptocurrency prices higher. Let's break it down.

Gold Prices: Escalating tensions in the Middle East, particularly between Israel and Iran, have driven gold prices up. Recently, gold hit a two-month high of $3,452.72 before retreating slightly to around $3,415. The precious metal's safe-haven appeal is attracting investors amid global uncertainty.
Cryptocurrency Prices: Bitcoin, often referred to as digital gold, has also seen a surge in price. The ongoing conflict in the Middle East has triggered a wave of extreme volatility in the cryptocurrency market. Bitcoin's price is currently hovering around $104,668, following a rebound from support levels.
Key Factors Influencing Prices:
Geopolitical Tensions: The Israel-Iran conflict has heightened market volatility, driving investors to safe-haven assets like gold and cryptocurrencies.
Interest Rate Expectations: The Federal Reserve's decision on interest rates is being closely watched, as it may impact the US dollar's value and, in turn, affect gold and cryptocurrency prices.
Market Sentiment: Investor sentiment is cautious, with many expecting continued volatility in the near term.
Market Outlook:
Gold: Analysts predict that gold prices may remain volatile, with potential upside targets at $3,450 and $3,500. Support levels are seen at $3,400, $3,372, and $3,363.
Cryptocurrencies: The cryptocurrency market is expected to continue experiencing volatility, with investors closely watching geopolitical developments and market trends.