Gold well bid above $1230

FXstreet.com (Barcelona) - Gold reached today fresh weekly highs at $1244, last retracing to $1239, few moments ahead of China CPI, while Silver recovers ground above the $19 handle.

Oil in the other hand eased to fresh weekly lows at $102 round, on the back of USD weakness, going against natural negative correlation with USD. Oil is last at $102.75, still around 1-year highs.