XAU Trading Outlook (08-11-2010)
Oil & Gold (XAU) in a very bullish move, USD strength after the Jobs data was reversed and fresh record highs just under $1400 were seen. Overall trading with a low of USD$1372 and high of USD $1398 before ending the New York session at USD$1394 an ounce. Reacted positively to US jobs data gaining to week highs above $87 a barrel. WTI Oil Closed +$0.35 at $86.85 a barrel.
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