Gold extended August 9th's gains throughout August 12th's trading, hitting a new three-week high. Amidst a lack of fresh fundamentals, gold's gains were primarily attributable to technicals, with a round of buy options triggered at the $1,320/oz mark. <br /><br />Reference: http://www.meritgold.com/merit-gold-news-network-detail/merit-gold-news-network-august-12-2013
