The world survived the weekend without the situation in Israel spiraling out of control and evolving into a region-wide conflict. That gold is down today is reflective of that. However, the situation remains tense and unsolved so the specter of conflagration is likely to loom over the markets all week.
Again, it's not as though the MENA and world have been spared the fate of a very dangerous war. It's just that, for now, events aren't careening in that direction as rapidly as it seemed back on Friday. To that end, Comex gold reopened last evening down about $10 from where it...
