Recently, large-scale clashes broke out between Israel and Palestinian armed groups。On 7 October, the Palestinian Islamic Resistance Movement (Hamas) suddenly fired thousands of rockets at Israel, while Israel responded by launching several rounds of air strikes in Gaza, and the two sides are now at loggerheads.。After the sudden escalation of the Israeli-Palestinian situation, the major stock markets in the Middle East all saw a sharp fall on October 8.。The Israeli stock market was directly hit hard, with the Israeli blue-chip TA-35 index plunging nearly 6 percent on the day..5%, the benchmark TA-125 index fell nearly 6.7%, the trading floor is wailing。In addition, the stock markets of major Middle Eastern countries such as Saudi Arabia and Egypt have not been spared, which can be described as a fire at the gates of the city.。As with previous geopolitical events, the attractiveness of global safe-haven assets has been boosted by a wave since the start of the conflict.。Among them, the most sought after assets by analysts are gold and the dollar, spot gold jumped nearly 1% at the opening on October 9, the dollar index also stopped the decline, against the market upward。So why do people go to war and think about buying gold?？There are two reasons。First, when a risk event comes, the volatility of the stock market will intensify, the probability of people losing assets in their hands will be amplified, and they may lose money on anything they buy.。Second, wars often lead to massive increases in state spending, causing sharp inflation, so that the currency in the hands of the people will be drastically devalued, the money in their hands is worthless and they can't afford anything.。But gold is different, as a hard currency, gold is usually considered an asset independent of the currency of a particular country, except for the United States, the value of gold is not much affected by the policies of other countries.。