1 Jul 2013
Gold above $1200 again
FXstreet.com (Barcelona) - Gold is currently selling off from recent session and 2-day highs at $1245, about to break even for the day after a positive start of 3Q in the Asia-Pacific. The yellow metal managed to bounce from fresh near 3-year lows Friday at $1180. Silver is also currently retracing from fresh session highs, after paring all loses from previous week.
Oil though is weaker, with the long Gold short Oil spread bouncing from multi-year lows printed Thursday at 12.20 level. Better than expected Tankan index in Japan and Tokyo open selling seems to be behind the moves.
Oil though is weaker, with the long Gold short Oil spread bouncing from multi-year lows printed Thursday at 12.20 level. Better than expected Tankan index in Japan and Tokyo open selling seems to be behind the moves.