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19 Aug 2013
Gold dealing near fresh 2-month highs
FXstreet.com (Barcelona) - Gold has opened the week in the Asia-Pacific well bid above the $1375 level printing fresh 2-month highs at $1382, marginally above previous Friday's highs.
Silver is also holding into strength above the $23 mark following last week's massive wins above +10%, already into overbought territory in dailies, with RSI 14 above the 80 level.
Oil stays well bid as well shy of the $108 mark around 15-month highs just below the $109 handle, following growing tensions in the middle east, including Egypt, that holds the passage of the Suez canal. Brent oil is printing fresh 17-month highs, with brent:wtic spread closing Friday in NY up +0.41% at 1.027.
Silver is also holding into strength above the $23 mark following last week's massive wins above +10%, already into overbought territory in dailies, with RSI 14 above the 80 level.
Oil stays well bid as well shy of the $108 mark around 15-month highs just below the $109 handle, following growing tensions in the middle east, including Egypt, that holds the passage of the Suez canal. Brent oil is printing fresh 17-month highs, with brent:wtic spread closing Friday in NY up +0.41% at 1.027.