The main reason for the upward dynamics was the escalation of the armed confrontation between Israel and Hamas, which led to instability in the market and forced investors to redirect their capital to shelter assets. The current consolidation is explained by the uncertainty of further developments. Thus, the United States and several other countries are making active diplomatic efforts to end the hostilities, and if they are successful, gold quotes will be significantly adjusted. However, for now, the Israeli authorities continue to prepare a ground operation in the Gaza Strip, the start of which will significantly expand the geography of the parties to the conflict, destroying the regional security system. In this case, investors will again turn to assets alternative to the dollar, and gold prices will resume growth.