As the Memorandum of Understnading over the Middle East went into effect last week this gave gold a short-lived uplift, but resistance from the ten-day moving average was strong enough to repel advances. Tensions flared again over the weekend and have put gold onto the back foot once more as concerns over medium-term inflationary forces and the associated potential for higher bond yields ae keeping potential investors on the sidelines. Activity remains thin and as the quarter-end approaches the next couple of days will be instructive. Silver is underperforming gold, reflecting its industrial demand profile with the ... (full story)