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Gold prices rise as conflict escalates! Israel claims to have suffered the “worst casualties”!

2024-07-29

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On July 29, spot gold opened on Monday and rose by more than a dozen dollars in the short term, reaching the $2,400/ounce mark. Spot silver rose by 0.78%, regaining the $28/ounce mark.



On the news front, the Palestinian-Israeli conflict escalated over the weekend, with rocket attacks on the Israeli Golan Heights. The Israeli Prime Minister returned home urgently, saying that he had suffered the "heaviest casualties" and decided to fight back.

The conflict between Russia and Ukraine has also escalated, with Russian troops taking control of two settlements and Ukrainian troops attacking Russian oil depots.

01

Israel strikes back

According to CCTV News, on the night of the 28th local time, the Israeli Prime Minister's Office issued a statement saying that after a four-hour meeting, the Israeli government's security cabinet meeting ended late on the 28th. The meeting authorized Israeli Prime Minister Netanyahu and Israeli Defense Minister Galant to decide the time and specific method of Israel's military action against Hezbollah in Lebanon in response to the rocket attack on the Golan Heights town of Majdal Shams on the 27th.

On July 27, local time, a football field in the Israeli-controlled Golan Heights town of Majdar Shams was attacked by rockets, causing casualties.

On the 28th local time, Israel Defense Forces spokesman Hagari said at a press conference that the rocket attack on Majdar Shams has killed 12 people.

Israel said that this was the heaviest casualties caused by Hezbollah's attacks on Israel on the northern front since the outbreak of a new round of Israeli-Palestinian conflict.

Faced with the sudden escalation of the situation, Israeli Prime Minister Netanyahu urgently changed his visit schedule.

On July 28th local time, CNN reported that Netanyahu announced that due to the attacks, he would shorten his visit to the United States and return to Israel early.

Israeli Foreign Minister Katz said Lebanon's Hezbollah "has undoubtedly crossed all red lines" and Israel is facing an "all-out war."

Lebanon's Hezbollah issued a statement on the 27th, denying any involvementThe attack on Majdal Shams is linked to the

According to the latest information released on the website of Beirut International Airport in Lebanon, most of the flights originally scheduled to enter and exit the Lebanese capital Beirut from 0:00 to 6:00 local time on the 29th were delayed or cancelled. The flights involved Qatar Airways, Pegasus Airlines, Ethiopian Airlines, Turkish Airlines and EgyptAir.

02

Ukraine claims to have attacked oil depots in Russia

According to CCTV News, the Russian Ministry of Defense issued a war report on the 28th local time saying that the Russian army controlled two settlements in the Donetsk region.

Over the past day, Russian army groups have attacked Ukrainian military personnel as well as tanks, armored vehicles, howitzers and other weapons and equipment and military facilities.

Russian tactical aviation, missile troops, artillery and other forces attacked Ukrainian troops and equipment in 138 areas. In addition, Russian air defense forces shot down 34 Ukrainian drones.

On the same day, the General Staff of the Ukrainian Armed Forces stated that under the joint operation of the Ukrainian Security Service and the Ukrainian Defense Forces, the Ukrainian army attacked an oil depot in Kursk Oblast, Russia in the early morning of the 28th. The oil depot is mainly used to meet the needs of the Russian armed forces.

In addition, the General Staff of the Ukrainian Armed Forces stated that the situation in the Pokrovsk direction is the most tense in the frontline area. The Ukrainian army is taking necessary measures to curb the offensive of the Russian army.

Comprehensive source: CCTV News

Editor: Chen Lixiang

Proofreading: Yao Yuan