Israeli Conflict Drives Gold and Silver Higher

GOLD

The Israeli-Hamas conflict in Gaza and the potential of a middle East war drove the price of Gold higher over the weekend. Gold rallied $25 in overseas trading on Saturday and Sunday. As the precious metals rolled into the U.S. Gold held above the key $1,850 level. At 11am PT today, Gold is trading at $1,854 per ounce, up $22 for the day.

SILVER

Silver rallied with Gold on the Israeli-Hamas conflict news, quickly rallying up $0.30 per ounce. Silver reached a high of $21.96 this morning before seeing some short-term profit taking. At 11am PT today, Silver is up $0.26 per ounce, trading at $21.86 on excellent volume.