Gold/ Silver Futures Update

Gold traded up yesterday, and continued in the Asian session overnight back on higher oil prices as inflation hedgers seeked refugee in the Precious Metal.
Gold rose with yesterday´s core PCE inflation figures fresh in mind, along with spurring oil prices, even higher inflation pace could be around the corner. The increased tensions in Middle East and possible spread of the conflict brought war hedgers to invest in bullion Gold driving the Futures prices higher as well. December contracts moved to the crucial 660/oz area taking out some important resistance levels at 657,20 and 659,30 on its way, aiming for the $673,20/oz level.

Silver moved up back on same facts and pressed through the 11,82 resistance with 11,85 high in September contracts 12,380/oz next resistance.