Gold price loves a geo-political event. Gold may react on Monday...

Gold price loves a geo-political event. Gold may react on Monday to increased tensions.

Iranian leaders are currently crafting their response to Israel killing their top commander overseeing military operations in the Levant. The Israel Defense Forces (IDF) struck a building adjacent to the Iranian embassy in Damascus, killing Brigadier General Mohammad Reza Zahedi and his senior deputies, on April 1. The loss of these officers constitutes a severe blow to Iran—almost on the same level as the United States killing of Qassem Soleimani in 2020—which is driving regime officials to discuss a wide range of response options. The New York Times reported that the regime is debating whether to retaliate dramatically, such as by launching missiles from Iran into Israel.

Two Iranian officials quoted by The New York Times say Iran has put its military forces on “full high alert.” The officials say Iran has made a decision to directly attack Israel in retaliation for an alleged Israeli strike on Monday that killed a top Iranian commander in Syria and several other Islamic Revolutionary Guard Corps members, and in order to create deterrence. Meanwhile, a US official says the United States is on high alert and preparing for a possible attack by Iran targeting Israeli or American assets in the region. Source: New York Times 4 hours ago.