[Strategist: Escalation of Middle East Conflict Would Not Be Surprised if Gold Hits a Record High] Reported by Jinse Finance, Saxo Bank's Head of Commodity Strategy Ole Hansen stated: Without a doubt, U.S. and Israeli military actions against Iran represent a concerning escalation, which will drive investors into the precious metals and energy sectors. How significant the impact will be is uncertain, but given last week's momentum, I would not be surprised if gold hits a record high.