After the start of trading in the Asian market on Monday (October 28th), there was a major trend in the commodity market. Both gold and crude oil prices experienced a sharp drop after opening. The smaller scale of Israel's attacks last weekend has led some market participants to speculate that tensions may not escalate significantly.

Analyst Eren Sengezer pointed out that the first support for gold prices may be at $2700 per ounce. If it falls below this support, gold prices may be supported at $2675/ounce (20 day simple moving average) and $2635/ounce.

Due to Israel's airstrikes on Iran last weekend not hitting key oil facilities, WTI crude oil futures also fell short and opened lower, with a drop of over 5% at one point, currently hitting a low of $67.81 per barrel.

Israeli warplanes and missiles targeted Iran's air defense bases and military infrastructure last Saturday. The scale of this attack is relatively small, and some experts believe that the tension may not escalate significantly.

In a report released earlier, Jay Hatfield, CEO of Infrastructure Capital Advisors, said, "Israel's attack did not hit energy infrastructure and was limited in scope. A limited attack may quell concerns about a direct conflict with Iran, and oil prices may fall at the beginning of Sunday's futures trading

Israel launched attacks on Iran in the early hours of last Saturday (October 26th) local time, in retaliation for Iran's large-scale ballistic missile attack on October 1st. Dozens of Israeli fighter jets carried out three waves of airstrikes near the Iranian capital Tehran and military factories in western Iran.

On the evening of October 25th, the Israeli Security Cabinet approved the attack on Iran through a conference call. Israeli Prime Minister Netanyahu and Defense Minister Galant were directing the attack at an underground facility.

The American media Axios website released an exclusive report last Saturday stating that three informed sources told Axios that Israel sent a message to Iran on Friday warning Iran not to respond before retaliatory airstrikes.

Sources say that Israel's message is an attempt to limit ongoing mutual attacks between the two sides and prevent broader escalation. The information from Israel was conveyed to the Iranians through several third parties.

A source told Axios, "Israel has made it clear to the Iranians in advance which targets they usually attack and which targets they will not attack

Two other sources said that Israel has warned Iran not to respond to the attack and emphasized that if Iran retaliates, Israel will launch another more serious attack, especially in the event of civilian casualties in Israel.

According to the Financial Times on Saturday, the Iranian military has sent a signal that Iran will not immediately retaliate against Israel.

The report indicates that Iran is attempting to downplay the impact of the Israeli attack. The General Staff of the Iranian Armed Forces stated late last Saturday that Iran "reserves the legitimate right to respond in a timely manner". The relevant statement did not declare retaliation, but stated that Iran's focus is on supporting ceasefire in Gaza and Lebanon.

The Iranian Ministry of Foreign Affairs stated that the Israeli attack is a "blatant violation of international law". The Iranian Ministry of Foreign Affairs also stated that Iran believes that exercising its legitimate right of self-defense against foreign aggression is its own right and obligation.

But the report pointed out that, like the Iranian armed forces, the Iranian Ministry of Foreign Affairs did not threaten to respond immediately.

In addition, according to The Guardian, on October 27th local time, Iran's Supreme Leader Khamenei stated that Israel's attack "should not be downplayed or exaggerated".