Gold and silver were firmer on the week, with gold trading in Europe this morning at $2390, up $46, while silver was at $28.45, up 60 cents. While both were higher since last Friday, it is best described as a week of consolidation.
Overnight, the Israelis launched an attack on Iran, escalating the hostility towards all-out war. Gold spiked to $2415 on the news, but it appears that bullion markets decided not to panic. But it will make for an interesting day during US trading hours.
