How will precious metals react to US action in Iran?

Risk aversion is likely to prove supportive of gold, but any correction in silver and/or platinum is likely to prove temporary, providing investors with a buying opportunity.

When financial markets re-open on Monday, we are likely to see a bout of risk aversion in precious metals markets, placing a bid under gold, and potentially, an offer over silver and platinum. How precious metals prices react will depend in part on perceptions of underlying supply and demand as well as investors perceptions of risk and positioning.

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