XAU Trading Outlook (07-01-2011)
Oil & Gold (XAU) support was found at $1364 again but the market was stable compared to many other commodities. Overall trading with a low of USD$1363 and high of USD $1385 before ending the New York session at USD$1378 an ounce. Oil fell over $2 on talk that speculation in commodity markets could be limited by the CFTC in the future. WTI Oil Closed -$2.30 at $88.20 a barrel.
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