XAU Trading Outlook (29-11-2010)
Oil & Gold (XAU) heavy selling came through due to USD strength with gold down over $20 an ounce at one point before recovering into the close. Overall trading with a low of USD$1351 and high of USD $1371 before ending the New York session at USD$1363 an ounce. Oil was under pressure due to poor investor sentiment but selling was subdued since most US traders were on holiday. WTI Oil Closed -$0.10 at $83.75 a barrel.
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