**Middle East Conflict Drives Surge in Gold and U.S. Dollar**

Rising war tensions in the Middle East have escalated, with Tehran launching numerous ballistic missiles at Israel following Israeli Prime Minister Benjamin Netanyahu's ground offensive in Lebanon targeting Hezbollah. As the conflict intensifies, traders and investors are seeking safe havens to weather the geopolitical storm.

Gold, traditionally seen as a reliable refuge during times of uncertainty, surged on Tuesday. Prices rose more than 1.2%, reaching a session high of $2,673, just $22 below the all-time record high. The ongoing conflict has driven a bullish narrative for gold since the first clashes erupted.

Simultaneously, the U.S. dollar strengthened as global markets reacted to the escalating war tensions. The U.S. dollar index climbed about half a percent on Tuesday and remained strong on Wednesday, hovering near 101.30. USD/JPY surged to near ¥144.00, while EUR/USD tumbled 0.7% to $1.1060.

Traders are closely monitoring the developments, with fears of a wider war between Israel and Iran. Market volatility could be sharp and unpredictable, necessitating careful portfolio adjustments.