by Alasdair Macleod, GoldMoney:

This week, gold and silver further consolidated their gains since last September, with gold showing a continuing upward bias. Silver is tracking sideways, as our headline chart shows. In European trade this morning, gold was $1928, up only $3, while silver was $23.70, down 20 cents. Comex turnover in both metals was healthy, with Open Interest rising noticeably, but both levels are still moderate.