Investors are expected to see a surge in gold as the US and Israel strike Iran, a natural response to the outbreak of hostilities. Some analysts predict that we could open up by about $200/ounce on gold, but then drift lower over the day. With traditional exchanges closed, tokenised gold is currently trading at a premium, signalling a bullish 'flight to safety' ahead of the week's open. However, this could be capped by a potential rebound in the U.S. dollar, especially if crude oil stays sharply higher. Gold and silver could sell off 'on the fact' on the open, but any significant sell off will find buyers due to the uncertainty surrounding the situation in Iran.