Trajectory: Safe-haven demand surges due to conflict escalation, with gold and oil prices soaring as hedging tools and the dollar strengthening due to its safe-haven attributes.; Geopolitical tensions drive up gold and oil prices as markets shift to safe assets. Key events: U.S.-Iran conflict pushes up gold and oil prices (source: multiple events politics_metadata); Missile attack on Dubai causes stock market decline and expatriate evacuations (source: RT News) Watch: Monitor safe-haven fund flows, such as gold ETF holdings and dollar index changes; if risk sentiment worsens, it may further support safe-haven assets.