Oil & Gold (XAU) submitted to Dollar strength but did not move sharply lower as sovereign debt concerns offered support to the alternate currency. Overall trading with a low of USD$1378 and high of USD $1397 before ending the New York session at USD$1395 an ounce. Oil bucked the trend of most commodities with a major drop in US Oil inventories inspiring a sharp pop above $89. WTI Oil Closed $0.50 at $88.75 a barrel.
Back to XAU Trading Outlook ArchiveOffering our clients an exceptional customer experience since 2003
Reviews on
ADVFN International Financial Awards
easyMarkets is honored to be the recipient of the panel judged ADVFN Best APAC Broker award
Australian Regulated
AFSL 246566
easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. We recommend that you read the Regulation Page, The Product Disclosure Statement, the Client Agreement and the Financial Services Guide before making any decision concerning easyMarkets products.
2025 © easyMarkets Pty Ltd (formerly easy-forex Pty Ltd) ABN 73 107 184 510 and is regulated by the Australian Securities and Investments Commission (ASIC). Australian Financial Services Licence (AFSL) No: 246566
Target Market Determination – OTC Options
Target Market Determination – Forward Contracts
Target Market Determination – CFDs
Target Market Determination – easyTrade
Two minutes is all it takes.
JOIN EASYMARKETS
