Gold rose above $3,300, U.S. crude oil rose more than 2%, reports said Israel is preparing to attack Iran's nuclear facilities

Source: Wall Street News

Geopolitical tensions heated up sharply, and gold and crude oil rose sharply at the beginning of the Asian market.

According to CCTV News on Wednesday, on May 20 local time, several U.S. officials revealed that intelligence obtained by the United States shows that Israel may be preparing to launch a strike on Iran's nuclear facilities. The report said that the military trends observed by the United States include the mobilization of aviation ammunition and the completion of an air exercise.

Officials are not sure whether the Israeli leader has made a final decision. These signs may also be just Israel's pressure on Iran to try to push it to abandon key elements in its nuclear program. After the report, gold, which had risen for two consecutive days, continued to rise, once rising above $3,300.

Geopolitical factors directly pushed the US crude oil to jump by more than 2%, breaking through the 63 integer mark and quickly approaching around US$64.

Iran's nuclear issue negotiations, whether Iran can carry out uranium enrichment activities has become a major difference

Recently, Iran and the United States have held several rounds of negotiations on the issue of the nuclear agreement.

According to the report on the 18th, U.S. Special Envoy for the Middle East of the United States and Iran once again emphasized in an interview that any agreement reached between the United States and Iran must include "Iran's cessation of uranium enrichment activities." The United States does not allow Iran to carry out any uranium enrichment activities, even if it produces enriched uranium with a rich abundance of only 1%.

Iranian Foreign Minister Aragzi responded on the same day that Witkov's remarks were "completely out of the reality of negotiations." Aragzi said that if the United States hopes that Iran will not develop nuclear weapons, then the two sides can reach an agreement on this, and Iran is also prepared for serious negotiations, but the United States' "unrealistic demands are doomed to fail."

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