Escalation On All Fronts As Mediators Say Iran Hasn't Requested Pause On US Energy Strikes

Energy strikes targeting Iranian infrastructure push us deeper into conflict territory. Tehran's refusal to pause tells me they're committed to this escalation path. Energy markets will price in supply disruption risk, but gold is already moving on the war premium. We're seeing classic flight-to-safety flows into physical metals as geopolitical uncertainty compounds. COMEX registered gold inventories remain tight while central banks keep buying. Any disruption to Middle East oil flows historically sends precious metals higher as investors hedge against currency debasement and inflation. This isn't a quick diplomatic resolution scenario. Stack accordingly.