The Middle East tensions are limiting the downside in oil, but slack worldwide demand is limiting the upside.

FORBES: A.M. Kitco Metals Roundup: Comex Gold Pressured by Firmer U.S. Dollar, "Risk-Off" Attitudes

The Middle East tensions are somewhat limiting the downside in oil, but slack worldwide demand and adequate supplies are limiting the upside.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Solidly Lower on Bearish "Outside Markets," More Risk-Aversion

The overall near-term technical postures for gold and silver continue to favor the bearish camps, and that is also limiting speculator demand for both.

FORBES: A.M. Kitco Metals Roundup: Gold Lower as Stronger Greenback Squelches Bulls