Israel has claimed that it has attacked Iran's nuclear targets to prevent Tehran from developing nuclear weapons. In response to this, various media organizations of Iran have reported that Iran will soon declare war against Israel and take strong retaliatory action. The General Staff of Iran's Armed Forces has also warned that Israel and the United States will have to pay a heavy price for this attack. In these tense circumstances, US President Donald Trump has convened a meeting of the National Security Council at the White House, which will be in line with the GMT on Friday at 3 pm. Investors turn to secured assets in an environment of uncertainty and fear, such as: Gold US Treasury Bonds (JPY) Due to this, the demand for gold is increasing in demand. Gold has risen to a seven-week high for the third day in a row. If Iran attacks Israel fiercely, the price of gold could touch a record high of $3,500. However, the increase in demand for the US dollar (USD) as a safe asset could slow the rate of gold to some extent. At this time, trade news has been left behind in the global markets and geopolitical risks have become central. Meanwhile, Reuters reported that from June 23, an additional 50 percent tariff on "steel derivative products" will be applied, which was previously limited to household appliances only. Additionally: Reports such as US consumer sanitation and inflation expectations may have a limited impact. Following the soft CPI and PPI data, expectations of a cut in Fed interest rates have increased in the market in September.