By war yes, but from the fundamentals now, dxy is getting weak so gold can start seeing some upside due to the fact that investors would anticipate fed rate cute due to cpi performance which was bad inflation is rapidly falling, so there's no need to continue investing on a save heaven that won't give more yield instead there will want to invest on riskier assets, but sincerely I don't know which one will be prioritised if it's the fear, or dollar weakness, by fear that is the war if they will want to invest on dollar despite the weak cpi data due to war or they will over look the war and invest on gold due to dollar weakness so one must happen it's to look at the technical and continuous fundamentals data, if gold starts making higher lows to higher highs
