Gold Testing Support Level as Iranian War Continues

GOLD

This morning Iran launched missiles towards the UAE and U.S. Navy ships in the Straits of Hormuz.
The markets feel that it will start U.S. and Israeli military actions very soon, and the Gold price dropped.
Gold has reached a low of $4,503 this morning during trading in the U.S.
This is just $6 above the $4,500 support level.
At 11am PT today, Gold is trading at $4,526 per ounce, down $108 on excellent volume

SILVER

Silver reacted to the extension of the Iranian war by dropping to a low of $72.10 per ounce.
Silver seems to be positively reacting more to inflation news (gas increases) than Gold.
At 11am PT today, Silver is down $3.09 per ounce, at $72.96 on excellent volume.